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Amazon, Berkshire, JPMorgan Link Up to Form New Health-Care Company

It’s no secret Jeff Bezos has been looking to crack health care. But no one expected him to pull in Warren Buffett and Jamie Dimon, too. News Tuesday that Bezos’s Amazon.com Inc., Buffett’s Berkshire Hathaway Inc. and JPMorgan Chase & Co., led by Dimon, plan to join forces to change how health care is provided to their combined 1 million U.S. employees sent shock waves through the health-care industry. The plan, while in early stages and focused solely on the three giants’ staff for now, seems almost certain to set its…

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Amazon Threat Causes Shakeout in the Health-Care Industry

McKesson Corp., Cardinal Health Inc. And late in the day, shares of CVS Health Corp. Executives in the drug industry say that Amazon could use its expansive online reach and its logistical muscle to threaten companies that ship and sell medicines to consumers and cut pricing deals with drug makers. “Size and scale-wise, they can disrupt anywhere they want to disrupt,” said Chip Davis, president of the Association for Accessible Medicines, a trade group for generic medication, in an interview Thursday. Competitive Squeeze A deal for Aetna could conceivably move…

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