Shares of the Bentonville, Arkansas-based company rose 2% in pre-market trading. Its stock is up more than 60% over the past year.

Walmart became the latest to avoid giving second-quarter profit guidance on May 15 due to the uncertainty around Donald Trump‘s tariffs that have roiled world trade.

U.S. shoppers will start to see prices rise at the end of May and certainly in June, Walmart’s Chief Financial Officer John David Rainey said in a CNBC interview.

“We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren’t able to absorb all the pressure given the reality of narrow retail margins,” CEO Doug McMillon said in a statement.

Continue reading HERE

Source: https://www.usatoday.com/story/money/2025/05/15/walmart-higher-prices-tariffs/83643124007/

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The world’s largest retailer shipped one quarter of its U.S. imports from India between January and August this year, according to bill of lading figures shared with Reuters by data firm Import Yeti. That compared with just 2% in 2018.

Only 60% of its shipments came from China during the same period, down from 80% in 2018, the same data shows. To be sure, China is still Walmart’s biggest country for importing goods.

The shift illustrates how the rising cost of importing from China and escalating political tensions between Washington and Beijing are encouraging large U.S. companies to import more from countries including India, Thailand and Vietnam.

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Source: https://www.reuters.com/business/retail-consumer/walmart-shifts-india-china-cheaper-imports-2023-11-29/

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Three major companies reached an agreement to pay over $12 billion to settle a host of litigation related to the distribution of opioids, Bloomberg Law first reported Wednesday.

The suit agreement is intended to encapsulate lawsuits brought by various state and local governments — if the governmental bodies themselves agree to it.

“We are pleased to resolve these longstanding claims and putting them behind us is in the best interest of all parties, as well as our customers, colleagues and shareholders,” said Thomas Moriarty, chief policy officer and general counsel at CVS Health said in a statement.

The suit was filed by six attorneys generals and contends that pharmacies did not pay enough heed to opioid prescription issues.

This is one of several legal battles related to the opioid crisis. In February, distributors such as Johnson & Johnson agreed to pay $25 billion for contributing to the epidemic.

Continue reading HERE

Source: https://www.entrepreneur.com/business-news/cvs-walgreens-settle-opioid-lawsuits-for-10-billion/438366

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The post CVS, Walgreens Agree to $10 Billion Settlement Related to Opioid Crisis first appeared on Garner Ted Armstrong Evangelistic Association.

Packages of romaine lettuce are being recalled for possible E. coli contamination, according to the Food and Drug Administration, with the voluntary recall affecting products distributed to 19 states and Puerto Rico.

The single head lettuce, sold under the name Tanimura and Antle at Walmart stores, was labeled with a “packed on” date of 10/15/2020 or 10/16/2020. The recall is based on a random sample collected and analyzed by the Michigan Department of Agriculture and Rural Development as part of its routine sampling program.

“It is unlikely that this product remains at retail establishments due to the shelf life of lettuce and the number of days that have passed,” the company said in a statement on the FDA website. However, if any of the packages of romaine are still in homes, consumers are advised not to eat it.

Packaged single head romaine lettuce under the Tanimura & Antle brand.FDA

There have been no reported illnesses. No other products or pack dates are part of the recall.

An E. coli infection can cause stomach cramps, diarrhea, and vomiting, usually three to four days after consumption. Most cases are mild and people get better within a week, but the infection can cause severe kidney failure or death.

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Jane Weaver

Jane Weaver is senior editor, health and medical, for NBCNEWS.com and TODAY.com.

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Patrick Crusius, 21, emerged with his hands up from a vehicle that was stopped at an intersection shortly after last Saturday’s attack and told officers, “I’m the shooter,” Detective Adrian Garcia said in an arrest warrant affidavit.

Crusius later waived his Miranda rights and agreed to speak with detectives, telling them he entered the store with an AK-47 assault rifle and multiple magazines, and that he was targeting Mexicans.

Twenty-two people were killed and about two dozen were injured. Most of the dead had Hispanic last names and eight were Mexican nationals.

Authorities believe that shortly before the attack, Crusius posted a racist screed online that railed against an influx of Hispanics into the U.S. The document parrots some of President Donald Trump’s divisive rhetoric about immigration, but the writer said his views predate Trump’s rise and that any attempt to blame the president for his actions was “fake news.”

Many El Paso residents, protesters, and Democrats have blasted Trump over his incendiary words, blaming Trump for inflaming political and racial tensions throughout the country. Trump has denied stoking division and violence, contending this week that he “brings people together. Our country is doing incredibly well.”

Authorities say Crusius drove more than 10 hours from his hometown near Dallas to carry out the shooting in the largely Latino border city of El Paso. An attorney for the Crusius family, Chris Ayres, told The Associated Press that the rest of the family never heard Patrick Crusius use the kind of racist and anti-immigrant language that was posted in the online screed.

Crusius has been charged with capital murder and is being held without bond. Federal prosecutors have said they are also considering hate-crime charges.

The attack came hours before another mass shooting in Dayton, Ohio, in which nine people were killed. The dual shootings, which killed 31 people in all and wounded dozens more, reignited calls for Congress to take immediate action to reduce gun violence.

Trump said Friday that he believes he has the influence to rally Republicans around stronger federal background check laws. But at the same time, Trump said he had assured the National Rifle Association that its gun rights views would be “fully represented and respected.”

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Bleiberg reported from Dallas and Weber reported from Austin.

Source: https://www.apnews.com/456c0154218a4d378e2fb36cd40b709d

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