Published by: American Thinker
By: Monica Showalter
The stock market was rattled by news of a bigfoot new entrant in healthcare, slowly coming up the horizon … thud … thud … like Godzilla, stomping everything in its path.
Investor’s Business Daily, in its editorial, noted the that that reaction to the news that Amazon was teaming up with Berkshire Hathaway and JPMorgan Chase was the sign of a disruptive force in the market, writing:
The immediate reaction of the stock market to the news that Amazon is teaming up with Berkshire Hathaway (BRKB) and JPMorgan Chase (JPM) to form a new health care company suggests that this is a transformative event. It is in one sense.
The editorial makes the point that the new venture, in a free market, may or may not succeed, and must avoid socialist pitfalls. As the editorial page writers there have a strong grasp of market dynamics and the way companies […]
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