Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Oil Prices Rise as Hormuz Reopening Remains Uncertain 
Airbus Joins Air India A320 Altitude Drop Probe 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
US Stock Futures Flat as Iran Strait of Hormuz Demands Fuel Oil Concerns 
Gold Prices Rise as Fed Rate Hike Bets Ease 
Asian Stocks Mixed as RBA Holds Rates, Oil Risks Rise 
AMP Shares Surge 13% After Strong Profit and A$150 Million Buyback 
Singapore Raises 2026 GDP Growth Forecast to 4.5%-5.5% as AI Boom Fuels Economy 
Hanwha Offers Up to $1.2 Billion for Austal US Business 
Goldman Sachs Sees US Stock Buybacks Outpacing Equity Issuance as AI Funding Rises 
Iran-Oman Near Strait of Hormuz Deal as Shipping Tensions Persist 
Nvidia to Invest Up to $3 Billion in Blackstone-Backed Lancium 
Japan Executives Warn Weak Yen and Currency Volatility Threaten Economy 
Asian Currencies Steady as Markets Await U.S. Inflation Data 
US Yen Intervention Unlikely to Deliver Lasting Recovery, Yardeni Says 
European Stocks Flat as Oil Prices Rise, US CPI in Focus 
Amazon acquired One Medical healthcare company via an all-cash deal worth $3.9 billion. The purchase was announced by the e-commerce firm on Thursday, July 21.
As per CNN Business, One Medical is a membership-based primary care service that provides 24-hour, seven days a week, virtual care to its customers. It operates in a number of major US markets and works with more than 8,000 companies across the country.
Most of its partnerships with companies are related to providing One Medical health benefits to their employees. The acquisition is said to be another example of a major tech firm branching out and expanding its footprint in the healthcare business sector.
One Medical is an addition to Amazon’s healthcare portfolio as it already acquired the online pharmacy called PillPack in 2018. The company also opened its own digital pharmacy in the U.S. later. Then, this was followed by a collaboration with Berkshire Hathaway and JP Morgan Chase to provide much better health insurance and health care services to employees and families at affordable rates.
Now, with its purchase of One Medical, the deal is now one of the largest acquisitions in the history of Amazon’s business. The two other multi-billion buyouts were the Whole Foods grocery chain which the company acquired for $13.7 billion in 2017, and the $8.5 billion agreement to buy MGM Hollywood movie studio, which was closed earlier this year.
“We think health care is high on the list of experiences that need reinvention. Booking an appointment, waiting weeks or even months to be seen, taking time off work, driving to a clinic, finding a parking spot, waiting in the waiting room then the exam room for what is too often a rushed few minutes with a doctor, then making another trip to a pharmacy,” Amazon Health Services senior vice president, Neil Lindsay, said in a press release.
The SVP added, “We love inventing to make what should be easy, and we want to be one of the companies that helps dramatically improve the healthcare experience over the next several years.”
Finally, Lindsay said that together with One Medical’s healthcare, they believe that Amazon will be able to help more people obtain better care when and how they need it.
