Alex Ossola

Today's show is produced by Pierre Bien-Aimé with supervising producer Jana Herron.

Michael LaValle wrote our theme music.

Aisha El-Mouslib is our development producer.

Chris Zinsley is our deputy editor.

And Falana Patterson is the Wall Street Journal's head of news audio.

I'm Alex Osola.

Thanks for listening.

Walmart loses its crown as the biggest U.S.

company by revenue.

Plus, U.S.

imports hit a record last year, despite President Trump's tariffs.

And who's got beef?

Higher prices for burgers and steaks may be here to stay.

It's Thursday, February 19th.

I'm Alex Oselev for The Wall Street Journal.

This is the PM edition of What's News, the top headlines and business stories that move the world today.

A new report from the Commerce Department out today shows that the nation's trade deficit, the gap between imports and exports, was just over $900 billion last year.

That's only slightly smaller than in 2024, despite big tariffs from the Trump administration that aimed at closing trade gaps.

U.S.

imports last year rose 5 percent and hit a record, meaning that the country remains a heavy net importer.