Amazon’s into Drugs

[The beef 675] “Don’t be surprised when you start getting weirdly specific prescription drug ads while you window shop on Amazon.” - Jeff Hey there carnivores, Following a Monday for the ages, markets retreated from record highs. All three major US indices fell less than 1%. Today we’re breaking down Amazon getting into the pharmacy game. Keep raging, Jeff & Jason Not what the doctor ordered “We’re here to f*ck sh*t up.” - Amazon Amazon announced yesterday that it is [getting into the prescription drug game](. Two years ago, the online behemoth bought PillPack, which hinted that this move was in the works. Amazon Pharmacy will offer shipments of insulin, asthma inhalers, and other common meds… *searches Amazon for Pfizer and Moderna’s vaccine* which doesn’t include the 'vid vaccine. It won’t sell any opioids or drugs that are high risk for theft, although I bet the US Attorneys Generals would love for Amazon to shell out some of that internet money for contributing to the opioid crisis. Amazon’s stock remained unchanged on the news, because completely disrupting an insanely complicated industry is just business as usual. Prescribed to fail But its competitors’ stonks weren't so lucky. CVS, Walgreens, and Rite Aid’s stock prices tanked 8.6%, 9.6%, and 16%, respectively, on the news that Amazon is entering the industry. While the move was expected, realizing you’re up next on Amazon’s “[People to Kill](” list is a tough pill to swallow. A CVS spokesman hopes that its play to be “more than just pharmacy,” will help it stave off Amazon's advances, but something tells me those giant receipt coupons are going to cut it. Speaking of cut, Amazon’s entry into the market is not great for drug middlemen either... mostly because it makes them completely obsolete. The prescription drug lords which buy Rx’s in bulk from manufacturers and sell them to pharmacies are about to go the way of Quaaludes. Shares of two of the most well known companies in the space, Cardinal Health and McKesson fell 6.5% and 5.5% on the day, respectively. The bottom line… Call me crazy, but this could be one of those rare situations where Amazon actually does the humanity a solid. That is, of course, if you’re a Prime member. Amazon will accept most insurance, but [will also offer discounts]( and free shipping to uninsured drug-seekers who also pay up for Prime. There’s always an angle. 📢 For Your Eyes Only 👀 Any Moment Now, Kyle Is Set To Announce His Latest Sniper Report Alert LIVE [Trading Graph]( Kyle Opened Up An Additional 250 Spots To Gain Access To Sniper Report For A Measly $1 Per Week [You Don’t Want FOMO, Do You?]( Tough sledding Judy Shelton’s bid to join the Fed’s board of governors [hit a snag]( on Tuesday, after Senate Republicans were unable to get enough votes for a confirmation. Shelton’s confirmation was suspended by Senate Majority Leader Mitch McConnell at what would have been a 49-48 loss, due to two GOP senators being unable to vote due to health issues. The option remains open for another vote before Thanksgiving. One more thing to fight about with outspoken family members. A Fleeting moment Twitter finally broke down and gave its users what they’ve been begging for… Instagram Stories? That’s right Twitter rolled out a new feature on Tuesday, [Fleets](, which is essentially just Instagram stories with less viewers. Twitter said that it found that some users are “at times too intimidated to post and join conversations.” Twitter’s such a welcoming place, I can’t imagine why. As such, Fleets are a way for these cowards to post “fleeting thoughts” that disappear within 24 hours. These are going to have so much nudity in them soon, aren’t they? Robinhood is getting serious Robinhood, the official partner of Davey Day Trader wannabes, has begun [seeking advisers]( for a potential IPO In Q1 of next year. Wait...so the trading platform that allows you to trade publicly traded companies…. wants to become publicly traded? *Head explodes* According to the company, plans could change and it could remain private for now. Boooring. Robinhood’s seen a massive boom in users while drunk recent college grads were stuck at home with no sports to bet on. Currently, Robinhood’s got 13M active accounts on its platform. It also recently raised $460M back in September in a Series G round, at an $11.7B valuation. Goldman Sacked Goldman Sachs is [gearing up]( for another round of layoffs, the second round in only 3 months. They’re former Goldman employees, they’ll land on their feet. The current layoffs won’t exceed the 400 employees the bank cut back in September, according to sources. Sources that just hope they still have a job. Before September, Goldman, along with other big banks in the US, pledged not to make massive layoffs as the ‘rona took hold. That moratorium ended in September, and Goldman is wasting no time. The company laid out plans to cut $1B in expenses back in January, and these cuts are just part of the plan. Always reassuring to hear you’re part of a plan. RagingBull, LLC 62 Calef Hwy. #233, Lee, NH 03861 DISCLAIMER: To more fully understand any Ragingbull.com, LLC ("RagingBull") subscription, website, application or other service ("Services"), please review our full disclaimer located at [(. FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. 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