Morning Brew Daily Walmart Warns of Tariff Price Hikes & Dick’s Sporting Goods' Risky $2.4B Deal
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May 16, 2025 Walmart is set to raise prices due to tariffs, impacting suppliers and consumers alike. Dick’s Sporting Goods makes waves with a $2.4B acquisition of Foot Locker, eyeing international expansion. In a surprising twist, Harvard discovers it has an original Magna Carta, not just a copy! The hosts also discuss the challenges of the Apple Vision Pro and a remarkable breakthrough in personalized gene editing for rare disorders. Plus, the humorous antics of 'The Price is Right' add some light-heartedness to the mix!
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Walmart's Tariff Price Hikes
- Walmart will raise prices due to tariffs despite its usual price-cutting strategy.
- Electronics, toys, and baby items are most likely to see price increases from imports.
Dick's Buys Foot Locker Deal Risks
- Dick's Sporting Goods acquired Foot Locker for $2.4 billion aiming for international expansion and stronger sneaker market presence.
- Investors worry about antitrust risks and Foot Locker's mall-centric stores amid economic downturn fears.
Coinbase's S&P Entry and Challenges
- Coinbase joined the S&P 500, marking a milestone for crypto's mainstream adoption.
- However, recent cyberattacks and SEC investigations have tempered optimism about its outlook.