Bloomberg’s Poonam Goyal said Walmart’s earnings miss is largely due to lagging pharmaceutical sales impacted by new federal negotiations aimed at delivering lower drug prices. Goyal said that it’s an issue that both the company and investors are expecting to continue affecting sales. Goyal said that Walmart could have the opportunity to calm concerns about flagging US sales growth by focusing on bringing in customers with competitive pricing.
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China is stepping up efforts to support the economy as Covid lockdowns and unrest spread further. Enda Curran reports on Bloomberg Television.
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00:11:33 – Bessent targets Iran’s reliance on the yuan in G20 remarks
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00:18:05 – China targets dividends paid to foreigners in tax overhaul
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00:35:21 – Breaking: Unitree shares plunge 50% from their intraday debut peak
00:37:11 – Exclusive: IMAX China’s Daniel Manwaring on consumer spending trends
00:50:34 – Stocks, bonds extend losses as oil gains
00:53:44 – Beijing eyes deeper economic ties with Egypt during Xi’s visit
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01:24:09 – Opinion: More dams needed to help prevent flood disasters in Nepal
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Renewed US-Iran fighting and uncertainty over shipping through the Strait of Hormuz are adding pressure to global energy markets, while the threat of mines continues to deter some traffic. Ukraine’s attacks on Russian refineries are compounding tight diesel supplies, creating what Bloomberg News Oil Products Reporter Will Kubzansky describes as a distillates crisis heading into peak demand season. Also joining Bloomberg This Weekend to discuss the situation is Bloomberg News Middle East Correspondent Abeer Abu Omar.
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“Bloomberg: The Asia Trade” brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Avril Hong and Paul Allen, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets.

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00:02:03 – Fed rate path hangs on inflation after jobs print
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00:19:44 – Five dead after Amazon cargo plane crash in Miami
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00:32:31 – OpenAI’s Astra may revive its lagging AI trade
00:35:57 – Katayama to keep post in cabinet reshuffle: Reports
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00:47:09 – Markets open in Japan, South Korea and Australia
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01:26:16 – Asia’s biggest derivatives flows target China
01:31:10 – Chinese firms post strongest profit growth since 2021
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