Health-Care Stocks Down Amid Trepidation on Senate Bill -- Health Care Roundup

Features Dow Jones Newswires

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, rob.curran@dowjones.com

(END) Dow Jones Newswires

June 23, 2017 16:21 ET (20:21 GMT)