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For Icahn, Amazon Is a Reason Not to Do a Deal

(New York Times) Just the threat of competition from Amazon has driven companies across many industries into deals. Nowhere has that been more evident than in health care. The possibility of Jeff Bezos’s e-commerce juggernaut starting a pharmacy business was partially responsible for two of the largest health care mergers of the past 12 months: pharmacy chain CVS Health’s announced $69 billion merger with the health insurer Aetna and health insurer Cigna’s announced $52 billion deal for Express Scripts, a pharmacy benefit manager.

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