Amazon announced a deal Thursday to acquire PillPack, an online pharmacy that caters to people who take multiple prescription medications each day. It delivers prescription drugs in pre-sorted dose packaging and simplifies refills and renewals. Amazon will reportedly pay about $1 billion for the company. If regulators sign off on the deal, Amazon will have a path to disrupt the pharmaceutical industry the same way it’s shaken up just about everything else in retail. News of the deal rattled Wall Street on Thursday. Stocks of major drugstore chains like Walgreens and CVS dropped sharply.

Starbucks executive chairman Howard Schultz said Monday he would step down, further fueling speculation he will run for president. Schultz, who has endorsed Democratic candidates and criticized President Donald Trump, painted himself as a liberal with a mind for finances in an interview Tuesday morning with CNBC. “It concerns me that so many voices within the Democratic Party are going so far to the left,” he told Squawk Box.

Starbucks will close its more than 8,000 U.S. locations Tuesday afternoon for diversity training. The unusual move is designed to help restore the coffee chain’s image after employees at a Philadelphia location called police on two African-American men who sat down without ordering anything. The men said they were waiting for a business contact. All 175,000 Starbucks employees will take the “unconscious bias training,” a curriculum that focuses on prejudice people might not realize they have.

European companies are evaluating their options after U.S. President Donald Trump’s decision Tuesday to pull the United States out of the Iran nuclear accord. German multinational conglomorate Siemens and French airline manufacturer Airbus both said they would abide by reinstated U.S. sanctions against Iran but are waiting for more guidance on the specifics. U.S. Treasury Secretary Steven Mnuchin said he will revoke licenses held by Airbus and U.S.-based Boeing to sell jetliners to Iran but would negotiate certain exemptions. Beyond Boeing, the sanctions won’t have much effect on U.S.

T-Mobile and Sprint have agreed to merge in an all-stock transaction after weeks of talks between the two cellphone carriers. When the markets closed Friday, T-Mobile was worth $55 billion and Sprint was worth $26 billion. T-Mobile said the new company will retain the T-Mobile name and headquarters in Bellevue, Wash. It will also spend nearly $40 billion over three years building a nationwide 5G network. The merger would make T-Mobile the nation’s third-largest mobile carrier behind Verizon and AT&T. Federal regulators must still approve the move.

Facebook shrugged off the cloud of Russian election interference Wednesday with the release of its first quarter profits. Revenue soared 49 percent to $12 billion, while profit jumped 63 percent, to $5 billion. The world’s most popular social media platform also increased its user reach, boosting by 13 percent the number of people who checked the site at least once a day. In 2017, Facebook brought in $39.94 billion, about 17 percent of total online ad spending, according to data firm eMarketer.

Federal regulators on Friday slapped Wells Fargo with a $1 billion combined fine for mortgage and auto loan abuses. The fine includes a $500 million payment to the office of the Comptroller of the Currency—the bank’s main regulator—and $500 million to the Consumer Financial Protection Bureau (CFPB). This marks the first penalty issued since Mick Mulvaney took over as CFPB director in late November under the Trump administration. Wells Fargo has faced several scandals in recent years.