Shares of drug store chains tumbled Tuesday, after Amazon.com Inc. AMZN, +0.07% launched a rival online pharmacy, that provides discounts and free two-day delivery for Prime members. Walgreens Boots Alliance Inc.’s stock WBA, +3.25% plunged 9.8% to pace the Dow Jones Industrial Average’s DJIA, +1.59% premarket losers. The implied price decline would shave about 28 points off the Dow’s price, while Dow futures YM00, -0.53% fell 166 points, or 0.6%. Shares of CVS Health Corp. CVS, +3.47% dropped 6.8% and Rite Aid Corp. RAD, +9.28% slumped 9.1%. Amazon said earlier that Amazon Pharmacy will complement its existing PillPack service, and customers will be entitled to savings of up to 80% on medications when paying without insurance.
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