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Illustration: Aïda Amer/Axios

The $200 prescription drug discount cards the Trump administration promised to Medicare recipients won't likely reach households by the Nov. 3 goal, the Wall Street Journal reports.

Why it matters: The cards, which Trump announced in late September with little detail, target voters over 65, a group that is crucial to the president's reelection bid.

  • The administration could only push through a small percentage of cards by October, so most will likely reach users after Election Day.
  • It's still uncertain whether the federal government can legally send out the cards.

By the numbers: If approved by the Office for Management and Budget, it could cost up to $8 billion.

  • The Centers for Medicare & Medicaid Services is spending an estimated $20 million for administrative costs to print and send letters to Medicare beneficiaries informing them that they will be getting cards, per WSJ.

Go deeper

Biden to propose pathway to citizenship for undocumented immigrants

Photo: Alex Wong/Getty Images

One his first day in office, President-elect Biden will propose legislation that would give an eight-year path to citizenship for millions of undocumented immigrants.

Why it matters: The proposal — the U.S. Citizenship Act of 2021 — is a stark shift away from former President Trump's harsh policies and rhetoric on immigration and fulfills a campaign promise of Biden's.

Battle for the soul of a new web

Illustration: Aïda Amer/Axios

A well-funded and intensely motivated chunk of tech's hive mind is finding common cause in a vast new project: rebuilding the web on a foundation of cryptocurrency and blockchain tech. They call it "Web3."

The big picture: Developers, investors and early adopters imagine a future in which the technologies that enable Bitcoin and Ethereum will break up the concentrated power today's tech giants wield and usher in a golden age of individual empowerment and entrepreneurial freedom.

First look: Biden summons top CEOs on supply chain

Photo: Alex Wong/Getty Images

President Biden will meet Monday afternoon with CEOs of big retailers, grocers and consumer-products firms to send this message, according to the White House: Products will be on shelves for holiday shopping.

Zoom out: Black Friday sales rebounded from 2020.