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Sept. 19, 2019, 1:17 p.m. EDT

Walgreens testing drone delivery with Alphabet company, Wing

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By Tonya Garcia

Walgreens Boots Alliance Inc. /zigman2/quotes/203410933/composite WBA -1.14% said Thursday that it has partnered with Wing Aviation LLC, an Alphabet Inc. /zigman2/quotes/205453964/composite GOOG -0.60% /zigman2/quotes/202490156/composite GOOGL -0.67% company, to test drone delivery of health and wellness items, food and beverage, and more. Items can be ordered on the Wing app. Walgreens will make 100 items available, as well as "packs" which will offer a number of items from a specific category, like baby or allergy. Prescriptions will not be available for drone delivery. Wing is the first drone operator to get Federal Aviation Administration certification as an air carrier, according to the announcement. The delivery service, which will bring purchases to shoppers in minutes, will be available to residents of Christiansburg, Va. starting next month. Wing has been working with Virginia Tech in Blacksburg, located near Christiansburg, on drone delivery. Walgreens stock has fallen nearly 20% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.39% is up 20.2% for the period.

/zigman2/quotes/203410933/composite
US : U.S.: Nasdaq
$ 55.30
-0.64 -1.14%
Volume: 4.68M
Oct. 18, 2019 4:00p
P/E Ratio
10.85
Dividend Yield
3.31%
Market Cap
$49.94 billion
Rev. per Employee
$380,198
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/zigman2/quotes/205453964/composite
US : U.S.: Nasdaq
$ 1,245.49
-7.58 -0.60%
Volume: 1.35M
Oct. 18, 2019 4:00p
P/E Ratio
25.14
Dividend Yield
N/A
Market Cap
$805.68 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/202490156/composite
US : U.S.: Nasdaq
$ 1,244.41
-8.39 -0.67%
Volume: 1.58M
Oct. 18, 2019 4:00p
P/E Ratio
25.12
Dividend Yield
N/A
Market Cap
$804.98 billion
Rev. per Employee
$1.39M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,986.20
-11.75 -0.39%
Volume: 1.99B
Oct. 18, 2019 5:08p
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