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Amazon Go store in Seattle. Photo: David Ryder/Getty Images

Amazon is considering a plan to open 3,000 more cashierless "Amazon Go" stores within the next 3 years, Bloomberg reports.

Why it matters: A few of the automated grocery stores are already open in the U.S., but a major push like this could give traditional grocery and convenience stores serious checkout line-free competition. Shares of Kroger and Walmart moved lower on the news. Go deeper: Amazon Go is a "fist" aimed at the convenience store industry

Go deeper

Federal Reserve expands lending program for small businesses

Federal Reserve Chairman Jerome Powell at a news conference in 2019. Photo: Eric Baradat/AFP via Getty Images

The Federal Reserve said on Friday it would again lower the minimum loan size for its pandemic-era small business program.

Details: Businesses and nonprofits will be able to borrow a minimum of $100,000 from the facility, down from $250,000 — a move that might attract smaller businesses that don't need as hefty of a loan. Since the program launched earlier this year, the minimum loan size has been reduced twice.

2 hours ago - Economy & Business

How Trump and Biden would steer the future of transportation

Illustration: Eniola Odetunde/Axios

President Donald Trump and Democratic challenger Joe Biden would likely steer automotive policy in different directions over the next four years, potentially changing the industry's road map to the future.

Why it matters: The auto industry is on the cusp of historic technological changes and the next president — as well as the next Congress — could have an extraordinary influence on how the future of transportation plays out.

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