Amazon and Uber Eats to Replace Grubhub for U.S. Prime Members

US investment-grade corporate bond issuance reached $1.88 trillion this year, surpassing the 2020 record, driven by Big Tech firms funding AI projects. Amazon, Alphabet, Meta, Microsoft, and Oracle raised over $370.7 billion combined. Apple recently issued $7.5 billion in bonds. Rising interest rates and AI regulation concerns may impact future debt issuance.

Uber aims to have 700 robotaxis by year-end, expanding to 2,000 by 2027. The company will launch driverless vehicles in Las Vegas with Zoox and Motional. Uber plans to invest over $10 billion in robotaxis, partnering with Lucid and Rivian for vehicle supply. Driverless testing with Nuro and Lucid will start this quarter, with commercial service beginning in early 2024 in the San Francisco Bay Area and Houston.

Ukraine's Antimonopoly Committee approved Uber's acquisition of Delivery Hero, which owns Glovo's Ukrainian business. Uber will gain control of Glovo in 50 markets, including Ukraine, while SSW Partners will buy operations in 14 others. The deal values Delivery Hero at $14.8 billion. Glovo's co-founder expects positive impacts on its Ukrainian business, one of the company's top five markets with double-digit growth.

Walmart announced it will allow AI agents to make purchases on its platform, with customer-set spending limits. The Walmart Agent Gateway, using Anthropic's Model Context Protocol, is set to launch in late November. Customers can approve each purchase or set a spending ceiling. Amazon, however, has blocked AI agents from transacting on its site, preferring its own assistant, Rufus.

Amazon (AMZN) has agreed to a $309.5 million settlement for customers who did not receive proper refunds for returned merchandise. Payments will be issued automatically or by claim filing by Dec. 1, 2026. The settlement resolves a 2023 class-action lawsuit alleging refund processing failures. Amazon denies wrongdoing but has agreed to monitor return processing times and notify customers about refund statuses.

Amazon has ended its partnership with Grubhub and partnered with Uber Eats. Amazon Prime members can order from Uber Eats with no delivery fee on orders over $25. Grubhub has lost market share since the 2022 deal with Amazon. Uber Eats has expanded into grocery and retail partnerships.