WALMART
Are you unknowingly risking salmonella from your eggs? Dozens sickened in massive outbreak linked to brown organic eggs — 1.7 million recalled nationwide. Here’s what you need to know before it’s too late!
Salmonella outbreak linked to eggs forces a swift recall of 1.7 million brown organic and cage-free cartons from August Egg Company, Hilmar, California. Federal investigators say 79 people across seven states, mostly California, fell ill and 21 were hospitalized after eating contaminated eggs sold between February 3 and May 15, 2025, at Walmart, Safeway, Ralphs, Raley’s, Save Mart and FoodMaxx. The FDA found the same salmonella strain in the plant; the CDC urges shoppers to discard affected cartons with sell-by dates March 4–June 19, 2025, wash kitchen surfaces thoroughly, and watch for fever, diarrhea or stomach cramps within 72 hours of possible salmonella food poisoning symptoms.
Reliance and Shein aim to sell India-made clothes abroad within a year, sources say
Shein and Reliance Retail are set to significantly expand their Indian supplier network, aiming for 1,000 suppliers within a year, up from the current 150. This expansion supports plans to begin exporting India-made Shein-branded clothing to international markets, including the U.S. and UK, within six to twelve months.
Egg recall expands to 9 states after Salmonella outbreak leaves dozens ill, officials urge caution - check map
Egg recall expands to 9 U.S. states after a Salmonella outbreak sickened at least 79 people and sent 21 to hospitals. Eggs from August Egg Company, sold at major stores like Walmart and Safeway, may be contaminated. With summer recipes using eggs more frequently, officials are urging everyone to check cartons for specific plant codes and dates. This egg recall story matters—it’s about food safety, your family’s health, and avoiding a serious infection. Want to know which brands are involved and what you need to do?
IPO-bound PhonePe announces UPI payments on feature phones
PhonePe i roll out UPI payments tailored for feature phone users, leveraging its recent acquisition of GSPay technology. This innovative feature-phone UPI app will provide essential capabilities such as peer-to-peer transfers and offline QR payments, specifically designed to cater to the often overlooked feature phone demographic.
Nintendo Switch 2: How to buy new console? Here’s price and new features
Nintendo has released the Switch 2 console, priced at $450. It comes eight years after the original model. Fans across several countries lined up to buy it.
After Procter & Gamble cuts 7,000 jobs, Walmart now set to lay off over 100 tech workers in California
Walmart is planning to cut over 100 tech jobs in California as part of a bigger corporate layoff plan. The company says it's reshaping its teams to work faster and serve customers better. This comes soon after Procter & Gamble also announced major job cuts.
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Nintendo Switch 2: Is new gaming console available in market? Details here
Nintendo has launched its new Switch 2 console. High demand has caused shortages in Japan, the US, and China. Analysts expect strong first-year sales. Nintendo plans to monitor tariff changes which could affect pricing.
Flipkart secures NBFC licence from RBI, to begin lending from own books
Walmart-owned Flipkart has received a non-bank finance company (NBFC) licence from India’s central bank, allowing it to lend directly to customers and sellers on its platform for the first time. This enables Flipkart to offer loans independently rather than through partners, potentially boosting profitability. The e-commerce giant plans to start lending soon, pending internal approvals.
Snacks like M&M’s, Skittles, and Doritos ‘Not recommended for human consumption’ in US? Here’s what the Texas Bill proposes
Texas lawmakers are advancing a bill requiring warning labels on processed foods like Skittles, Doritos, and M&M’s if they contain additives banned in other countries. Industry backlash grows as Governor Abbott weighs the decision.
Flipkart exits Blackbuck, Aditya Birla Fashion in block deals worth over Rs 1,250 crore
This comes at a time when the broader market is rebounding, following a steep fall at the start of the year. The recent recovery is witnessing a spate of secondary deals involving promoters, PE firms, and strategic investors trimming positions.
Nintendo Switch 2 set to launch tomorrow- here's where to get yours first in the US and UK
Nintendo Switch 2 is launching in the US and UK on June 5. Pre-orders are closed, but stores are preparing for in-person sales. Midnight launch events are planned at GameStop and Best Buy. Walmart will have online and select in-store availability. UK retailers like Argos and Smyths Toys also have stock. Eager gamers can find the console at various locations.
Flipkart exits Aditya Birla Fashion and Retail in Rs 582 crore bulk deal; ABFRL stock tumbles 11%
Flipkart Investments Private Limited divested its 6% stake in Aditya Birla Fashion & Retail. The sale occurred in a bulk deal for Rs 582 crore. Following this, ABFRL's stock experienced a 9% drop. Goldman Sachs managed the transaction. Aditya Birla Fashion & Retail had recently demerged its Madura Fashion & Lifestyle business.
Jamie Dimon for President: How the JPMorgan boss could win over Reagan Democrats and moderate Republicans
Jamie Dimon, a top U.S. banker, has never run for president but some believe he could. He’s known for strong leadership, moderate views, and success in tough times, qualities that might appeal to voters in both major parties.
US to observe federal holiday on June 19. Are stock markets closed that day?
Juneteenth, marking the end of slavery, is a US federal holiday. President Biden signed the Juneteenth National Independence Day Act in 2021. Celebrations began in Texas in 1866. The NYSE and Nasdaq will be closed on June 19. This year Juneteenth will be celebrated on Thursday, June 19, 2025. The holiday gained prominence after the George Floyd incident.
Mount Etna erupts with a massive plume of ash, gas, sends tourists running for safety. Watch video
Mount Etna, Europe’s most active volcano, erupted spectacularly on Monday, sending plumes of hot ash and rivers of molten lava cascading down its slopes in a dramatic display of nature’s power. Video shared earlier on the institute's Facebook page showed a massive plume of smoke and ash rising into the clear blue sky.
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
The US workforce is facing significant job cuts in June 2025, following widespread layoffs in the first quarter. Reports suggest nearly 160 companies across retail, pharmaceuticals, airlines, and other sectors are planning reductions. Federal agencies and corporate restructuring contribute to the economic uncertainty, exacerbated by tariffs. Here's a look at various American companies laying off employees in June.
Salmonella outbreak expands to 18 States, sickening 45 people
A Salmonella outbreak linked to Bedner Growers' cucumbers has affected many people. Forty-five individuals across eighteen states are sick. Sixteen people needed hospitalization. The contaminated cucumbers were sold in various stores. Target and Walmart recalled related products. The CDC and FDA are investigating multiple Salmonella strains. The outbreak has spread through cruise ships too.
Flipkart loses another leader as Ankit Jain joins Instamart as SVP
Ankit Jain, former Flipkart SVP, has joined Swiggy Instamart as senior vice president, taking over end-to-end operations. With over 20 years' experience, including roles at Flipkart and Unilever, Jain replaces COO Sairam Krishnamurthy and will focus on enhancing delivery, supply chain, and expanding Instamart’s network and category offerings.
Dr Pepper Vanilla Float flavor returns to shelves for limited summer release
Dr Pepper has reintroduced its popular Vanilla Float flavor for a limited time. Initially launched in 2014, the seasonal beverage is now available in select Walmart and Rouses stores in Louisiana through July. The return coincides with renewed consumer interest and follows recent flavor launches, including Dr Pepper Creamy Coconut
Gensol’s default; Ola’s dismal Q4
Happy Friday! Gensol Engineering has failed to make repayments on bonds that used BluSmart taxis as collateral. This and more in today’s ETtech Morning Dispatch.
Ola Electric’s Q4 losses double; Walmart on quick comm
Ola Electric’s troubles compounded with net loss increasing two-fold in the March quarter. This and more in today’s ETtech Top 5.
Even after Trump told them to eat tariffs, Walmart hiked prices — and it's going viral
Walmart prices are going up after new tariffs were added, and people are sharing photos of the price hikes online. Trump told Walmart to "eat the tariffs," but the store is passing the cost to shoppers. Now, everyday items are getting more expensive.
Quick commerce now accounts for 20% of ecommerce sector in India: Walmart International CEO
Kathryn McLay says Walmart is excited about Flipkart’s growth but is not so focused on profitability in such a way that we would trade off market share and growth for the future. Amid the quick commerce rush, Flipkart’s Indian marketplace entity received a cash infusion of Rs 2,225 crore (around $260 million) from its Singapore-based parent, according to regulatory filings.
How American CEOs have started speaking in roundabout ways to keep Trump's terror at bay
American business leaders are treading carefully in the Trump era, adopting a strategy of vagueness to avoid presidential ire. Companies are hesitant to directly address rising costs due to tariffs, fearing backlash. Walmart and Mattel's experiences demonstrate the potential consequences of even mild criticism, leading to widespread caution in corporate communications regarding trade policies.
JD Vance’s meeting with Indian-American investor draws criticism amid H-1B visa debate
Asha Jadeja Motwani's photo with US Vice President JD Vance has sparked social media debate amid H-1B visa discussions. Motwani, an Indian-American investor, hosted Vance and his wife, Usha, where immigration policies were discussed. Motwani expressed optimism about Vance's understanding of the need for talented immigrants.
Trump says retailers should 'eat the tariffs.' Good luck with that.
President Trump's tariff policies are forcing retailers like Walmart to potentially raise prices, challenging their low-cost business models. Despite pressure to absorb these costs, companies warn of price increases and supply chain disruptions.
Who is Suresh Kumar, the Indian-origin Walmart CTO in news amid latest job cuts
Walmart announced plans to lay off 1,500 employees from its global technology team, days after backlash from US President Donald Trump for raising prices. A memo from group chief technology officer Suresh Kumar said the job cuts were meant to streamline the tech team and reduce complexities. But this move has received criticism, putting Kumar in the spotlight.
Walmart plans around 1,500 job cuts after Trump tells US retail giant to 'eat the tariffs'
Walmart is planning to eliminate approximately 1,500 corporate positions as part of a restructuring effort aimed at streamlining operations and cutting expenses. The job cuts will affect various divisions, including global technology, e-commerce, and Walmart Connect. This decision comes amidst earlier warnings from Walmart about potential price increases due to tariffs, a claim disputed by President Trump.
Boycott Walmart: After this, People’s Union USA will go after these businesses. Here’s the list
People’s Union USA announced a boycott of Walmart from May 20 to 26. The group accuses Walmart of harming small businesses and underpaying workers. The boycott includes Walmart stores, Sam’s Club and Walmart brands. More boycotts targeting other major companies are scheduled in the coming months.
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