Doug Krizner

Shares in Walmart were down today by 1.4%.

Separately, Amazon officially dethroned Walmart as the largest global company by revenue.

The milestone attests to the massive scale of Amazon's e-commerce and cloud computing unit.

Today, shares in Amazon were little changed.

On Wednesday, White House economic advisor Kevin Hassett criticized a study from economists at the New York Fed on the impact of President Trump's tariffs.

The research found U.S.

companies bear most of the burden.

Hassett called the study an embarrassment.

And today, the head of the Minneapolis Fed, Neil Kashkari, hit back.

That is Minneapolis Fed Bank President Neil Kashkari.

Today, President Trump was in Georgia touting the increase in U.S.

manufacturing since he enacted tariffs on dozens of countries last year.

Trump also touched upon an impending Supreme Court decision on the legality of these levies.

Now, the Supreme Court has an opinion day tomorrow, and it could potentially issue its ruling.

And that is news when you want it.

With Bloomberg News Now, I'm Doug Krizner, and this is Bloomberg.

News when you want it with Bloomberg News Now, I'm Doug Krisner.

And we begin with the stock market, where it was another day of heavy selling in software shares, given worries over the impact of AI.

A new version of Anthropic's most powerful AI model can carry out financial research.

It's also designed to be better at a range of other work-related functions, and that would include making spreadsheets and presentations, as well as software development.