Amazon.com Inc. said Tuesday customers can buy prescription medications through a new store on its platform, a move that comes as more people grow increasingly accustomed to shopping online.

The news weighed on shares of other drugstore companies Tuesday before the market opened. Shares of CVS Health Corp. were down 8.5% premarket, while shares of Walgreens Boots Alliance Inc. were off 11.2%. Shares of Amazon were up 2.4%.

“As…

This post first appeared on wsj.com

You May Also Like

Comcast’s NBCUniversal Near Deal to Shift Content to Peacock From Hulu

Comcast Corp.’s CMCSA -1.71% NBCUniversal is finalizing a plan that would drastically…

Lululemon Posts Stronger Sales, Profit Despite Omicron

Lululemon said it opened 22 net new stores during the quarter, ending…

Armorer on Baldwin set said guns are dangerous only ‘in the wrong hands’

Guns are “not really problematic unless put in the wrong hands,” the…

Under Armour Names Stephanie Linnartz Next CEO

Business Ms. Linnartz takes the lead as company faces pressures from higher…