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JPMorgan to Banking Clients: Joint Health-Care Venture Is No Threat

The high-profile health-care partnership JPMorgan Chase Co. struck final week with Amazon.com Inc. and Berkshire Hathaway Inc. has combined amazement among some clients of a lender’s investment-banking arm, according to people informed with a matter.

The new initiative, announced Tuesday, sent startle waves by a series of health-care stocks. Its aim, to renovate health caring for a 3 companies’ legions of employees, sparked regard that it could siphon business from existent health-care players.

Article source: https://www.wsj.com/articles/jpmorgan-to-banking-clients-joint-health-care-venture-is-no-threat-1517745601

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