An employee at an Amazon fulfillment center in India. Photo: Noah Seelam/AFP via Getty Images

Amazon is getting back in the game in India, reportedly investing $2 billion in the market, after it lost the acquisition of key local competitor Flipkart to Walmart in May. CNBC's Indian affiliate broke the news.

Why it matters: Amazon and Walmart are fighting for the upper hand in India, which is the fastest-growing e-commerce market in the world. Walmart took a big step when it out-bid Amazon for a majority stake in Flipkart, but Amazon's new investment — in addition to the $5 billion the company has already committed to India — tightens the race.

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Updated 21 mins ago - Politics & Policy

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Illustration: Sarah Grillo/Axios

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Ted Cruz defends GOP's expected return to prioritizing national debt

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Why it matters: Trump pledged during the 2016 campaign to reduce the national debt and eliminate it entirely within eight years, though he also deemed himself "the king of debt" and said there were some priorities that required spending. In the fiscal year that ended in September, the deficit reached a record $3.1 trillion.

Federal judge blocks DOJ from defending Trump in Carroll rape defamation case

E. Jean Carroll in Warwick, New York. Photo: Eva Deitch for The Washington Post via Getty Images

A federal judge on Tuesday dismissed the Justice Department's attempted intervention on behalf of President Trump in writer E. Jean Carroll's defamation lawsuit against him, after she accused him of raping her in a dressing room in the mid-1990s.

Catch up quick: The agency argued that Trump was "acting within the scope of his office" as president when he said in 2019 that Carroll was "lying" about her claim.