Healthcare: How Amazon's Shaking up Telemedicine, Plus A Winner and Loser Exiting ESMO
Industry Focus
The Motley Fool
4.6 • 854 Ratings
🗓️ 2 October 2019
⏱️ 20 minutes
🧾️ Download transcript
Summary
Why Seattle Genetics and Amgen could be the biggest winner and loser, respectively, following this year's annual European Society for Medical Oncology (ESMO) conference. Also, here's what you should know about the virtual health service Amazon's rolling out for its workers, including if it's a threat to Teladoc's future. Stocks: SGEN, AMGN, MRTX, AMZN, TDOC
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Transcript
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| 0:00.0 | Welcome to Industry Focus, the show that dives into a different sector of the stock market every single day. |
| 0:08.0 | Today is Wednesday, October 2nd, and we're talking health care. |
| 0:12.0 | I'm Shannon Jones, your your host and I am joined |
| 0:14.7 | it by health care guru Todd Campbell. Todd how's it going? I'm doing well |
| 0:19.1 | Shannon as always happy to be here and talk all things health care. |
| 0:22.6 | Oh yes, one of my favorite treats of the week and today is no exception because we're |
| 0:27.6 | going to be diving into Amazon's latest step into health care and what that could mean for full favorites like |
| 0:34.0 | Tele dock and we're also going to be diving into one of the biggest cancer |
| 0:39.2 | conferences that just happened in Europe giving you some updates there. |
| 0:43.2 | But Todd, let's kick things off with Amazon. |
| 0:47.2 | For those out that don't know, that's ticker symbol, AMZN, |
| 0:50.5 | but Amazon has been really been making a series of moves into the health care |
| 0:54.2 | space. They just announce something called Amazon Care, a new way of delivering |
| 0:59.4 | health care to its employees. Todd, what exactly is happening here? |
| 1:05.0 | What's interesting is everybody is so fascinated by Amazon |
| 1:07.4 | because they have this tendency to approach |
| 1:10.0 | something as an internal project and then boom it becomes a business model and a source of revenue and with so much money at stake in health care the thinking has been that Amazon has larger designs than just simply having better, |
| 1:25.2 | offering better health care to its own employees. |
| 1:27.8 | So what we saw in 2018 was Amazon teaming up |
| 1:32.1 | with Berkshire Hathaway and |
| 1:33.4 | J.P. Morgan to create Haven, I guess we'd call basically just a research-driven |
| 1:40.3 | company that's going to try and find better ways to deliver health care to their employees. |
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