Shares of health-care companies declined as traders braced for upheaval in the sector related to the U.S. Senate's efforts to pass a bill that would repeal and replace the Affordable Care Act.
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Pharmacy chains may soon face more changes, according to one brokerage. "Amazon's anticipated entry into the drug marketplace should accelerate CVS' and Walgreens' diversification into healthcare delivery, with lab services a natural extension," said analysts at brokerage Morgan Stanley, in a research note.
Both CVS Health and Walgreens Boots Alliance have expanded their drug wholesaling businesses to complement their consumer-oriented drug stores in recent years.
--By Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 23, 2017 16:21 ET (20:21 GMT)