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CVS wants to do one-day and same-day shipping of prescriptions. Photo: Gene J. Puskar / AP

CVS Health's pharmacies will start offering one-day delivery of prescription drugs to people's homes, CEO Larry Merlo said Monday. CVS will launch next-day delivery nationwide and same-day shipping in certain cities, beginning next year.

Why it matters: CVS is clearly trying to get ahead of Amazon, which is eyeing a push into prescription drug delivery and has changed the way people shop for and receive day-to-day items. CVS' potential acquisition of Aetna also would attempt to stave off competition from Amazon.

Quick numbers: CVS posted almost $1.3 billion of profit and $46.2 billion of revenue in the third quarter.

Go deeper

43 mins ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Tech: "Fludemic" model accurately maps COVID hotspotsVirtual doctor's visits and digital health tools take off.
  2. Politics: Schumer says Senate will stay through weekend to vote on COVID relief — Republican governor of West Virginia says there's no plan to lift mask mandate.
  3. World: Canada vaccine panel recommends 4 months between doses.
  4. Business: Firms develop new ways to inoculate the public.
  5. Local: Ultra-rich Florida community got vaccinations in January.
Dan Primack, author of Pro Rata
2 hours ago - Economy & Business

Why fears of a SPAC bubble may be overblown

Illustration: Annelise Capossela/Axios

The SPAC surge continues unabated, with 10 new ones formed since Wednesday morning. And that's OK.

Between the lines: There are growing concerns that retail investors are about to get rolled, with smart sponsors taking advantage of dumb money.

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