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Walmart is getting more into home-delivered medications. Photo: Al Bello/Getty Images

Walmart has acquired CareZone, an app-based company that helps coordinate the delivery of people's medications. CNBC reported the deal was worth around $200 million.

Why it matters: Walmart now has the technology to mail prescription drugs to customers' homes or to arrange more pickups at its own pharmacies, which makes the retail giant more competitive in the multi-billion-dollar business of drug delivery.

Between the lines: CareZone essentially operates as an Uber for prescription medications. It acts as an agent, through an app, to get drugs for its 3.6 million users.

  • Walmart's massive footprint could grow the app as well as its lucrative pharmacy business.
  • "The world has moved to home delivery," CareZone CEO Jonathan Schwartz said.

The big picture: Pharmacy benefit managers control a lot of the mail-order business, but that is changing now, with Amazon buying PillPack in 2018 and Walmart buying CareZone.

Worth noting: Express Scripts and CareZone are still locked in a legal battle, with Express Scripts alleging CareZone doesn't have proper licensure and CareZone alleging Express Scripts is engaging in anticompetitive behavior. The case is slated to go to trial when the courts reopen.

Go deeper: People are filling more prescriptions by mail amid coronavirus crisis

Go deeper

Dan Primack, author of Pro Rata
Aug 27, 2020 - Economy & Business

Microsoft working with Walmart on TikTok deal

Illustration: Aïda Amer/Axios

Microsoft is working with Walmart on its efforts to buy TikTok's U.S. business from China's ByteDance, Axios has learned from multiple sources close to the process.

The state of play: The idea would be to help turn TikTok U.S. into more of an e-commerce app for creators and users, much like what TikTok parent company ByteDance does with a similar app in China.

Caitlin Owens, author of Vitals
15 mins ago - Health

Who benefits from Biden's move to reopen ACA enrollment

Photo: Chip Somodevilla/Getty Images

Nearly 15 million Americans who are currently uninsured are eligible for coverage on the Affordable Care Act marketplaces, and more than half of them would qualify for subsidies, according to a new Kaiser Family Foundation brief.

Why it matters: President Biden is expected to announce today that he'll be reopening the marketplaces for a special enrollment period, but getting a significant number of people to sign up for coverage will likely require targeted outreach.

1 hour ago - Technology

Big Tech bolts politics

Illustration: Eniola Odetunde/Axios

Big Tech fed politics. Then it bled politics. Now it wants to be dead to politics. 

Why it matters: The social platforms that profited massively on politics and free speech suddenly want a way out — or at least a way to hide until the heat cools.