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Amazon, JPMorgan, and Berkshire Hathaway launching a healthcare company

Published 01/30/2018, 07:28 AM
© Reuters.  Amazon, JPMorgan, and Berkshire Hathaway launching a healthcare company
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  • Amazon (NASDAQ:AMZN), JPMorgan (NYSE:JPM), and Berkshire Hathaway (NYSE:BRKa) (BRK.A, BRK.B) are partnering up to form a healthcare company.
  • The new company will use the scale and expertise of the founders to provide affordable healthcare coverage for their U.S. employees.
  • The initial focus will be on tech solutions that will give employees and their families transparent and understandable healthcare.
  • The healthcare company is still in the planning stages and currently in the hands of Berkshire Hathaway investment officer Todd Combs, JPMorgan Managing Director Marvelle Sullivan Berchtold, and Amazon SVP Beth Galetti.
  • Longer-term management team, headquarter location, and more operational details will be announced at a later date.
  • Amazon shares are up 0.5% premarket.
  • Previously: Analyst raises Amazon to 14% upside on ad growth potential (Jan. 29)
  • Now read: Amazon To Report A Monster Holiday Quarter


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