Your Evening Briefing
Shares of Walgreens and CVS dropped almost 9 percent as Amazon did just what those companies feared: entered the health-care business. The purchase of PillPack is expected to close by the end of the year. Sign up for Prime and get 30 Lipitor tablets free?
Here are today's top stories
Amazon's deal will immediately give the retail giant a nationwide drug network, threatening to upend the entire industry.
The FBI “is making unprecedented disclosures” to Congress about that investigation, Deputy Attorney General Rod Rosenstein told lawmakers Thursday. Some Republicans are demanding even more documents.
As word spread that an electric scooter rental company called Bird Rides was amassing $300 million from investors, one question has plagued onlookers in and outside Silicon Valley: Why?
Tesla began allowing Model 3 reservation holders to begin configuring their cars—for an extra $2,500. Consumers get to pick paint colors. Musk gets to collect extra cash.
What's Joe Weisenthal thinking? The Bloomberg news director found two things particularly interesting about the Democratic primary victory by Alexandria Ocasio-Cortez against a powerful House incumbent. One is that she calls for a Universal Jobs Guarantee—a legal right to a job. The other is that Ocasio-Cortez may herald a new era of how Democrats talk about spending, emphasizing that the main constraint faced by the government is political, not financial.
What you'll need to know tomorrow
- Most Americans think social media companies censor their views.
- There's a discount if your parents pay for your apartment in the U.K.
- A cup of coffee now costs one million Bolivars in Venezuela.
- Apple has found a second supplier for the OLED screens found in high-end iPhones.
- America's fastest-growing credit card issuer is also its least favorite.
- Startups are fronting cash to homebuyers who can't get a mortgage quickly enough.
- Corpses are piling up in Puerto Rico.
What you'll want to read tonight
Three million batteries from the first generation of electric and hybrid vehicles are hitting retirement age, yet they aren’t bound for landfills. Instead, they’ll spend their golden years chilling beer at 7-Elevens in Japan, powering car-charging stations in California and storing energy for homes in Europe.
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