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Stockreport

Lawmakers Urge FTC to Enforce FDR-Era Law Over Grocery Price Bias [BNN Bloomberg (Canada)]

Walmart Inc. (WMT)  More Company Research Source: BNN Bloomberg
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Inc. and Walmart Inc. increased profits during the Covid-19 pandemic and have kept prices high since, a group of lawmakers urged the agency. In a letter to FTC Chair Lina Khan Thursday, the mostly Democratic members of Congress pushed the agency to bring cases under the Robinson-Patman Act, a price discrimination law passed during Franklin Delano Roosevelt's presidency that was last enforced in the 1980s. Under the law, suppliers can discount large orders, but they must extend the same offer to all retailers instead of selectively offering preferential terms, such as lower prices or access to scarce inventory. The FTC concluded in a study this month that the largest grocery stores gained a competitive advantage over smaller rivals during the pandemic's supply chain crunch, in part by threatening to fine suppliers if they didn't deliver items on time. The study, based on confidential data provided by retailers and suppliers such as Procter & Gamble Co., Tyson Foods Inc. and Kraft H [Read more]
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Stockreport

Lawmakers Urge FTC to Enforce FDR-Era Law Over Grocery Price Bias [BNN Bloomberg (Canada)]

Walmart Inc.  (WMT) 
More Company Research Source: BNN Bloomberg
Last walmart inc. earnings: 2/18 06:00 am Check Earnings Report
US:NYSE Investor Relations: stock.walmart.com/investors/default.aspx
Inc. and Walmart Inc. increased profits during the Covid-19 pandemic and have kept prices high since, a group of lawmakers urged the agency. In a letter to FTC Chair Lina Khan Thursday, the mostly Democratic members of Congress pushed the agency to bring cases under the Robinson-Patman Act, a price discrimination law passed during Franklin Delano Roosevelt's presidency that was last enforced in the 1980s. Under the law, suppliers can discount large orders, but they must extend the same offer to all retailers instead of selectively offering preferential terms, such as lower prices or access to scarce inventory. The FTC concluded in a study this month that the largest grocery stores gained a competitive advantage over smaller rivals during the pandemic's supply chain crunch, in part by threatening to fine suppliers if they didn't deliver items on time. The study, based on confidential data provided by retailers and suppliers such as Procter & Gamble Co., Tyson Foods Inc. and Kraft H [Read more]
IMPACT SNAPSHOT
EVENT TIME:
WMT
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS