What is Amazon's long-term strategy for Whole Foods?

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What is Amazon's long-term strategy for Whole Foods? – CBS News


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Amazon will be closing its $13.7 billion deal to acquire Whole Foods on Monday. It will then immediately cut prices on the store's selection of grocery staples like whole trade bananas, farmed salmon and organic eggs. CBS News financial contributor Mellody Hobson joins “CBS This Morning” from Chicago to discuss Amazon's strategy and what this acquisition means for other grocers.

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