A merger of two food delivery giants
DoorDash is in advanced talks to buy the grocery delivery company Instacart, according to multiple media reports. The deal would value Instacart at about $17 billion. The two companies are facing growing competition from retailers. This morning, we parse details of the potential deal. Also on the program: upcoming changes to flight disruption reimbursement and the aspects of the economy most likely to affect the Fed’s rate decision this week.
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