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News alert: Trump wants Walmart credit
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Walmart lowered prices. Trump says it was his idea.
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Walmart cut prices on beef, soda, and
produce — then Trump claimed the credit
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Walmart announced price rollbacks on ground beef, Coca-Cola, corn, and other summer items this week — and President Trump quickly posted on Truth Social that the cuts came "at my Administration's request." Walmart's announcement made no mention of the administration, and the company hasn't
commented on Trump's claims. Seasonal markdowns of this kind are routine for Walmart; the soda deals, for instance, mirror promotions the chain ran last summer.
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<strong style="color:#105C8E">
<a data-linktext="SK Hynix seeks to raise $28 billion in a new Nasdaq listing." data-linktype="Normal" style="color:#105C8E" target="_blank">
SK Hynix seeks to raise $28 billion in a new Nasdaq listing.
</a>
</strong>
The memory-chip maker, long public in Seoul, set a smaller goal than planned after a recent hit to its South Korean share price. The
sale would rank among the biggest ever. Proceeds will fund South Korean factories and chipmaking machines.
</div>
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<strong style="color:#105C8E">
<a data-linktext="EasyJet agrees to a $7.3
billion takeover bid from Castlelake." data-linktype="Normal" style="color:#105C8E" target="_blank">
EasyJet agrees to a $7.3 billion takeover bid from Castlelake.
</a>
</strong>
After failing with four previous offers, the Minneapolis-based investment firm finally won the board's backing with a bid worth £6.90 per share. The price is 73% above the carrier's close from May 29, when Castlelake first disclosed its interest.
</div>
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</a>
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<div>
<strong style="color:#105C8E">
<a data-linktext="All seven U.S. sectors grew for the first time since November." data-linktype="Normal" style="color:#105C8E" target="_blank">
All seven U.S. sectors grew for the first time since November.
</a>
</strong>
Basic Materials posted the strongest output expansion of any sector in June. Consumer Services, Financials, and Technology returned
to growth after contracting in May. The survey covers more than 1,000 private sector companies.
</div>
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1 week, 6 days ago - alert@e.qz.com
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