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The Clark Howard Podcast

11.18.20 Amazon launches an online pharmacy; The Boeing Max is returning to the skies

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.64.9K Ratings

🗓️ 18 November 2020

⏱️ 36 minutes

🧾️ Download transcript

Summary

Clark gives the details on Amazon's new online pharmacy. Some of the pricing is still pretty opaque but the launch is already having a massive impact on the industry. The Boeing Max will fly again. The FAA has cleared its return to the skies. Clark talks about how safe it will be to fly on the Boeing Max now. Want more money advice? Sign up for Clark’s free daily newsletter! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Monso Business Banking. It just works. So you can too. Join businesses like Target

0:05.7

to Wishing by opening a Monso Business account.

0:07.7

What I love about Monso Business account is how easy everything is. It can be filtered,

0:12.8

it can be tagged. We thought we'd have to manage our business around our banks, but that's

0:17.3

not the case with Monso.

0:18.4

My name is Shun. I am the Founder of Target Trition.

0:21.6

Apply in minutes at Monso.com slash business. To apply you must be a sole trader or director

0:26.6

of a limited company, UK Business is only terms and conditions apply.

0:30.0

I'm so glad you're with us here on the Clark Howard Show where it's about you learning ways

0:41.1

to keep more of what you have. So Amazon caused an earthquake and the pharmacy business

0:52.3

by announcing something that I mean gosh people knew this was going to come for a long time.

0:58.8

The Amazon Online Pharmacy. Amazon in addition to launching an online pharmacy now has also

1:09.4

put together a network of 50,000 plus physical locations of pharmacies that you can go to

1:19.4

as well. So medicines can either be filled with Amazon two-day delivery for free for prime

1:27.0

members. It's another thing Amazon is doing to try to attract prime members. And you also

1:35.0

have the ability to go to their network of pharmacies. And so as a result the stock of

1:43.3

right aid fell off a cliff. Walgreens fell off a hill and CVS took a bit of a bump to

1:53.1

the wrong way. And the reason is is that these three chains have various levels of ownerability

2:02.3

because of pricing issues and lack of convenience. And so Amazon being able to sell you prescription

2:13.2

drugs and send them to you with the two-day delivery when you need them quicker go to one

2:20.5

of the participating pharmacies is a stake right in the heart of these three national chains

2:29.7

that are not discounters. You know Amazon identifies over time businesses where prices are

...

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