Bartlett Daniel J sold $420K of WMT

The U.S. Supreme Court invalidated Trump IEEPA tariffs, leaving the administration to refund about $166 billion. By Aug. 4, refunds exceeded $100 billion. Apple received $2.19 billion, Amazon $600 million, and others including Walmart ($2.4B), Ford ($1.3B), GM ($500M), and Costco (~$2B) are expected to receive large checks. New Section 301 tariffs may affect prices.

The U.S. Supreme Court invalidated President Trump’s “Liberation Day” tariffs under the IEEPA. According to U.S. Customs and Border Protection, about $100 billion in tariff refunds, including interest, has been certified and sent to Treasury for disbursement. CBP collected about $166 billion, and refunds are flowing to importers such as Nike, Walmart, Apple, Ford, Nintendo, and Amazon.

Constellation Energy (CEG) said it signed 920 MW of long-term power purchase agreements in Q2, including a 176 MW deal with Walmart (WMT) for two 15-year terms starting in 2029 and 2030. CEG reported Q2 adjusted earnings of $2.55 per share versus $1.91 a year earlier and guided 2026 base EPS of $11.50 to $12.50, projecting 20% annualized growth through 2029.

Walmart Inc. is named in a proposed class action filed in Illinois federal court alleging it secretly converts customer call audio into biometric voiceprints using AI without written consent under the Illinois Biometric Information Privacy Act. Plaintiffs seek class certification, injunctive relief, destruction/return of data, attorneys’ fees, and BIPA damages of $1,000 or $5,000 per violation.

Amazon said its pharmacy will distribute eligible Medicare patients’ GLP-1 weight-loss drugs for $50 per month under the Medicare GLP-1 Bridge Program launched July 1. The program shifts financial risk to CMS for 18 months. The article cites drug price cuts up to 97% from peak levels and notes Eli Lilly and Novo Nordisk list prices of about $199 to $499 outside Medicare.

NYC Mayor Zohran Mamdani said the city issued cease-and-desist orders to 42 online retailers over alleged illegal e-bikes and e-scooters that exceed NYC safety limits. He cited marketplaces including Walmart, Amazon, Target, Wayfair, and Temu. The city linked the action to recent crashes and fatalities. Walmart shares closed at $112.34, up 0.71%.