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...Separate from its innovation fund, Amazon has committed up to $4bn to generative AI start-up Anthropic....
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...“It’s unprecedented for the CMA to review a collaboration of this type,” Amazon said, pointing to a “limited investment” in Anthropic that does not grant it board seats or require the start-up to exclusively...
...elaine.moore@ft.com This article has been updated to include the addition of Just Walk Out Technology in third-party stores...
...Amazon is one of the tech companies that has opted to make significant cuts to its workforce since 2023....
...The deal is Amazon’s largest ever venture investment and brings its total commitment to Anthropic to $4bn....
...For a free 30-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on X....
...The addition of Amazon Pharmacy to Eli Lilly’s direct-to-consumer dispensing network is the first time Amazon has partnered with a big drug company since it launched its online pharmacy business in 2020....
...Amazon declined to comment....
...Amazon Pharmacy stands to generate “a lot of revenue” from drugs such as Eli Lilly’s Zepbound injection and Novo Nordisk’s Wegovy, which are both available to patients directly through the Amazon website...
...Just go to ft.com/unhedgedoffer. I’m Ethan Wu. Thanks for listening. [MUSIC PLAYING]...
...Please send me tips and story ideas, or just say hi, at lee.harris@ft.com. Could Big Tech drive a nuclear renaissance?...
...Amazon said: “We are very disappointed with this decision, as we want to engage constructively with policymakers....
...Amazon first entered the live sports market in 2017 when it acquired the rights to stream the US National Football League’s Thursday night fixture....
...The rally has sent Amazon’s share price up to close to its all-time high, and pushed the company’s market capitalisation to $1.75tn. Amazon declined to comment....
...When workers at an Amazon facility in New York voted to unionise in 2022, the labour victory grabbed headlines, but it was far from a foregone conclusion....
...“We also preliminarily found that Amazon would have had the incentive to foreclose iRobot’s rivals because it would have been economically profitable to do so,” said Margrethe Vestager, the EU’s competition...
...Overall, Amazon’s revenue rose 14 per cent to $170bn, ahead of analysts’ forecasts for $166.3bn....
...“We had a listing shut down during Prime Big Deals Days with no warning, no cause, no explanation,” said one kitchenware seller who has been selling on Amazon.com since 2014. “That’s pretty common.”...
...A rights deal with Amazon could now yield ancillary revenue from dramatisations. But the jeopardy is great....
...Have a great week, Nathalie ThomasLex writer nathalie.thomas@ft.com...
...Games Workshop has finalised a deal with Amazon to develop films and television series based on the games company’s Warhammer 40,000 series....
...Combined capital spending for Alphabet, Microsoft and Amazon rose to $32bn in the three months to September, almost 50 per cent more than the same period in 2020, rather than rising to $42bn against...
...Dear reader, When Amazon.com announces a rare, sharp cut to fees for merchants selling clothing priced below $20, you know rivalry in that space has intensified....
...Amazon has won a court battle with the European Commission over €250mn in taxes, delivering a blow to efforts to crack down on favourable tax deals between member states and big companies....
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