Small businesses

Amazon reportedly prepares purge of small suppliers

A bird's eye view of a warehouse with packages stacked high
An Amazon's fulfillment center in Baltimore. Photo: Erica Pandey/Axios

In yet another win for bigness and big companies, Amazon may be leaving the small suppliers who rely on its platform in the dust.

What's happening: Amazon is culling its supplier list, getting rid of small players in favor of big brands and conglomerates like Procter & Gamble, Sony and Lego, which offer wholesale prices, reports Bloomberg.

Trump picks Jovita Carranza to head Small Business Administration

U.S. Treasurer Jovita Carranza and Administrator of Small Business Administration Linda McMahon.
U.S. Treasurer Jovita Carranza and Administrator of Small Business Administration Linda McMahon. Photo: Alex Wong/Getty Images

President Trump said Thursday night that he will nominate U.S. Treasurer Jovita Carranza to replace outgoing leader Linda McMahon as the head of the Small Business Administration.

Details: McMahon is stepping down from her role and enter the private sector.