Photo: Pat Greenhouse/The Boston Globe via Getty Images

Amazon has agreed to acquire Boston-based online pharmacy PillPack, which had previously been in takeover talks with Walmart.

Our thought bubble, via Axios tech editor Scott Rosenberg: Amazon's entry into the prescription market is a natural follow-on to its move (with Warren Buffett and JP Morgan Chase) into the broader healthcare field. But while that high-profile effort seems to be aimed, at least for now, at its own workforce, this acquisition is more likely to make big waves sooner in the competitive and huge drug market.

  • The deal with PillPack could disrupt the U.S. drugstore business. The online pharmacy offers pre-sorted doses of medications precisely timed with home delivery.

The details:

  • Pillpack had raised over $110 million in funding, most recently at around a $360 million valuation, from firms like Accel, Accomplice, CRV, Pillar Cos, Astral Capital and Sherpa Capital.
  • Not surprisingly, shares of Walgreens and CVS are plunging with the news.
  • The transaction will be complete by the end of 2018.

Go deeper

Updated 5 mins ago - World

Massive explosion rocks Beirut

Photo: Anwar Amro/AFP via Getty Images

A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and injuring scores of people.

Driving the news: The cause of the explosion is unknown. It's also unclear how many people were killed or wounded, but the Lebanese Red Cross has told AP that casualties number in the hundreds. Reuters reports that at least 10 people have been killed, citing security sources.

Updated 41 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 1 p.m. ET: 18,349,260 — Total deaths: 695,550 — Total recoveries — 10,951,112Map.
  2. U.S.: Total confirmed cases as of 1 p.m. ET: 4,732,418 — Total deaths: 155,942 — Total recoveries: 1,513,446 — Total tests: 57,543,852Map.
  3. States: New York City health commissioner resigns in protest of De Blasio's coronavirus response.
  4. Public health: 40% of Americans continue to put off medical care.
  5. Politics: Trump tells "Axios on HBO" that pandemic is "under control," despite surges in infections and uptick in deaths.
  6. Business: Low-income households are struggling to pay energy bills — Construction spending falls for 4th straight month.
Updated 49 mins ago - Science

The U.S. is at risk of attacks in space

Illustration: Annelise Capossela/Axios

Other nations are catching up to U.S. capabilities in space, potentially putting American assets in orbit at risk.

Why it matters: From GPS to imagery satellites and others that can peer through clouds, space data is integral to American national security.