00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Amazon said Wednesday it plans to expand Prime Air drone deliveries to nearly 500 U.S. cities
00:08and towns by year-end, a six-fold increase from its current footprint, according to CNBC.
00:14The company has completed hundreds of thousands of drone deliveries this year
00:18and now makes thousands daily. Amazon has expanded beyond early markets near Dallas
00:23and Phoenix to 11 metro areas, with six more locations coming online soon.
00:28Prime Air drones can carry packages weighing up to five pounds within 7.5 miles of Amazon facilities.
00:34The company is also testing a tether system designed to handle fragile items such as eggs or perishables.
00:40The expansion comes as Amazon faces competition from Alphabet's Wing and drone delivery startup ZipLine.
00:48Amazon faces an FAA probe after a drone snapped an internet cable while ascending from a customer's yard in Waco,
00:53Texas.
00:54For all things money, visit Benzinga.com.
00:57We'll see you tonight.
00:57You
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