WSJ What’s News
Walmart to Raise Prices Due to Tariffs, Setting the Tone for Other Retailers
Thu, 15 May 2025
P.M. Edition for May 15. The retail giant plans to raise prices this month and early this summer, when tariff-affected merchandise hits its store shelves. WSJ reporter Sarah Nassauer says its price hikes could set the tone for other U.S. retailers. And Federal Reserve Chair Jerome Powell speaks of a new strategy for the central bank, given that very low interest rates are not guaranteed. Plus, financial crime and regulation reporter Dylan Tokar follows the trail of the Chinese money-launderers depositing bags of drug cartel cash at banks around the United States. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Why is Walmart raising prices?
I mean, Justice Sonia Sotomayor tried to turn the issue inside out. What if a future president decides to confiscate all the guns in the country and people go to court to say that's violating the Second Amendment? Does every single gun owner in the country have to file his or her own lawsuit?
Or can a judge say, well, the Second Amendment provides the right to keep and bear arms, and so we're going to block the government from enforcing their illegal order. So in other words, if the court agrees with the Trump administration, this may not be the only provision of the Constitution that gets reinterpreted by either this president or a future one.
And American negotiators for the first time pitched a nuclear proposal to their Iranian counterparts days before President Trump said that the U.S. was close to an agreement. That's according to people briefed on the matter. Speaking at a business event in Doha, Qatar earlier today, Trump alluded to military strikes and said a deal would avoid that.
One of the people said the Iranians said they would take the proposal back to Tehran for discussion. The U.S. wants Iran to roll back its program, which American officials think is within a few months of being able to produce a nuclear weapon. And that's what's news for this Thursday afternoon. Today's show was produced by Anthony Bansi with supervising producer Michael Kosmides.
I'm Pierre Bien-Aimé for The Wall Street Journal. We'll be back with a new show tomorrow morning. Thanks for listening.
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