It's hard to overshadow an industry-defining $67 billion merger of a drug-store mega-chain and large health insurer.
But the CVS Health Inc.-Aetna Inc. tie-up is in the shade after last week's announcement of a health partnership between Amazon.com Inc., Berkshire Hathaway Inc., and JPMorgan Chase & Co. ("ABC" from now on).
CVS's already costly deal looks even more expensive after its warning on Thursday of a possible profit decline this year, despite an expected $1.2 billion benefit from tax cuts. CVS shares fell though it reported positive quarterly results.
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