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Walmart in talks to buy Pillpack

Pillpack
Photo: Pat Greenhouse/The Boston Globe via Getty Images

Walmart is in talks to buy online pharmacy Pillpack, as first reported by CNBC. Axios has since confirmed the news, but also has learned that no deal is signed and that conversations have been ongoing for a couple of months.

Why it matters: Pillpack would give Walmart an online pharmacy to compliment its brick-and-mortar pharmacies -- something that could become even more valuable if Walmart scoops up insurer Humana and its millions of Medicare patients.