Healthcare stocks lost $69B on news of Amazon, JPMorgan, Berkshire Hathaway deal

Stocks across the healthcare sector took a $69 billion hit after Amazon, JPMorgan Chase and Berkshire Hathaway unveiled plans to create a healthcare company Tuesday, Reuters reports.

The long-awaited entrance of Amazon into the $3.47 trillion U.S. healthcare sector was a main driver of the dip, according to the report.

On Tuesday, several healthcare companies saw their stock fall more than 5 percent from market close Jan. 29 to market open Jan. 30. Anthem's shares fell 5.1 percent; CVS Health saw shares dip 6.1 percent; UnitedHealth's stock was down 6.3 percent; and Express Scripts' shares plunged 7.8 percent.

More articles on healthcare finance:
Amazon, JPMorgan and Berkshire Hathaway launch new healthcare company: 6 things to know
State-by-state breakdown of 83 rural hospital closures
Stanford Health Care's operating income more than doubles in Q1

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