Amazon makes largest healthcare acquisition yet - July 22, 2022

Amazon announced it will buy primary care company One Medical for $3.49 billion in cash, taking the biggest step yet toward building a comprehensive healthcare business. The deal will give Amazon relationships with clinics in major cities and hundreds of thousands of patients and their employers, building on the company’s online pharmacy and new telehealth services. Experts say the venture will likely be one of the most difficult expansions in the company’s history, citing fierce competition from rivals, complex industry regulations and the challenge in recruiting quality physicians. The Democratic mayors of New York and Washington are asking the Biden administration to help with what they say is a surge of migrants from border states. The states of Texas and Arizona paid to send more than 6,000 migrants to the nation’s capital over the last several months in an effort to put the president on notice about border enforcement. The dispute came in advance of the Supreme Court's decision on Thursday to refuse the Biden administration’s request to restore its plan on immigration enforcement that deports people in the country illegally who pose the greatest public safety risk. The mayor of Portland on Thursday issued an emergency declaration to address a spike in gun violence amid the continuing rise in post-pandemic violent crime. The Biden administration has crafted a $37 billion proposal to fight and prevent the rise in crime, which is affecting nearly every major city in the U.S. Local law enforcement has been particularly on edge this summer, bracing for the seasonal onslaught of crime that comes with warm weather in addition to a growing sense of lawlessness in big cities. The return to brick and mortar shopping now threatens to upend the e-commerce warehouse system, leaving empty storage spaces that are draining the profits of online-only retailers and hitting the stocks of commercial real estate. Amazon, responsible for about 15% of industrial space net absorption in the U.S. last year, has closed or cancele