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Paul Sakuma / AP

On Tuesday, Amazon announced discounted fees for its Prime membership for customers participating in certain government assistance programs. Customers who qualify can access Prime's unlimited free two-day shipping, video, music, reading, and photo storage services for $5.99 per month for a year. Amazon Prime's normal price is $10.99 per month or $99 per year (which works out to $8.25 per month).

Taking on Walmart: Amazon's Prime discount is a direct move to compete with Walmart, which brought in $13 billion in sales last year from shoppers using the Supplemental Nutrition Assistance Program (SNAP), or 18% of the money spent through the program, according to the Wall Street Journal. With that said, EBT cards, commonly used to collect funds from assistance programs, can't be used to pay for the membership.

Go deeper

Dan Primack, author of Pro Rata
3 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

4 hours ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.