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If the companies agree to combine, it would be only the latest such move among firms that distribute, sell or administer health-care products and services. (Photo: Shutterstock)

The U.S. health-care supply and retail industry is folding in on itself amid pressure to cut costs and defend against outsiders, and a potential deal between Walgreens Boots Alliance Inc. and AmerisourceBergen Corp. would take two major pieces off the table.

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