Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on the day's biggest business stories

Subscribe to Axios Closer for insights into the day’s business news and trends and why they matter

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Stay on top of the latest market trends

Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sports news worthy of your time

Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tech news worthy of your time

Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Get the inside stories

Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Axios on your phone

Get breaking news and scoops on the go with the Axios app.

Download for free.

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Denver news?

Get a daily digest of the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Des Moines news?

Get a daily digest of the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Twin Cities news?

Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Tampa Bay news?

Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Want a daily digest of the top Charlotte news?

Get a daily digest of the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Sign up for Axios NW Arkansas

Stay up-to-date on the most important and interesting stories affecting NW Arkansas, authored by local reporters

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Coming soon: Amazon Prime bags full of meds? Photo: David Paul Morris/Bloomberg via Getty Images

Amazon is contemplating opening physical pharmacy stores, including within its Whole Foods locations, Business Insider reports.

Reality check: Amazon still isn't disrupting the prescription drug industry. Amazon is maybe, possibly considering a way to capture a marginally bigger piece of the extremely small slice it has.

By the numbers: Amazon owns approximately 500 Whole Foods stores.

  • If Amazon built and staffed up pharmacies in each of those stores, along with some standalone pharmacies, its footprint would pale in comparison to the pharmacies owned by CVS Health (9,900), Walgreens (9,000), Walmart (5,000), Rite-Aid (2,500), Kroger (2,300) and other chains.
  • As we reported in 2018, after its purchase of online drug retailer PillPack, Amazon "will have to build or acquire more parts to make a big difference." More pharmacies, or a pharmacy benefit manager, would likely need to be next — if Amazon even proceeds with this direction.

What's clear: Amazon is playing within the rules of the current system.

  • Amazon contracts with PBMs and health insurers. But "Amazon does not necessarily have a significant cost advantage over other pharmacies," Adam Fein of the Drug Channels Institute wrote in November.
  • Even Amazon's drug-discount program is administered through one of the largest PBMs, and the program doesn't necessarily provide good deals for customers.

Go deeper

May 25, 2021 - Technology

D.C. files antitrust lawsuit against Amazon

Photo: Smith Collection/Gado/Getty Images

Washington, D.C. Attorney General Karl Racine on Tuesday filed an antitrust lawsuit against Amazon, alleging the e-commerce giant's anticompetitive pricing practices result in higher costs for consumers and less choice in the online retail market.

Why it matters: The lawsuit concerns how Amazon negotiates with more than 2 million third-party sellers on the platform, which are crucial to the company's business and end up absorbing fees that Amazon charges to list their merchandise.

May 26, 2021 - Health

Why drug-discount programs aren't always a good deal

Photo: Lindsey Nicholson/Education Images/Universal Images Group via Getty Images

Buying prescription drugs through GoodRx, Amazon and other alternative avenues does not guarantee patients are getting a good deal.

The big picture: More people are purchasing their drugs with cash instead of using their health insurance, in large part because they are getting sizable discounts. But discounted prices often still have no relation to a drug's actual cost.

May 26, 2021 - Economy & Business

Amazon to acquire MGM Studios for $8.5 billion

Photo illustration: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

Amazon announced Wednesday it reached a deal to acquire MGM Studios for $8.45 billion, including debt. MGM is the home to several blockbuster franchises, including James Bond.

Why it matters: The deal — Amazon's second-largest acquisition ever, behind the $13.7 billion Whole Foods deal — represents a major milestone in the tech sector's push into entertainment.