Good evening, this is Markets Desk with your end-of-day briefing.
Walmart's CEO is drawing a firm line on dynamic pricing, pledging the retail giant will not adopt the practice of algorithmically shifting prices in real time. As competitors explore surge-style pricing enabled by new technology, Walmart is betting its brand identity around stable, low prices remains a competitive advantage worth protecting.
Shifting to tech and semiconductors, Nvidia is in active talks to acquire Reflection AI, a domestic artificial intelligence startup focused on open models. The deal carries strategic weight beyond the balance sheet — the Trump administration is actively encouraging the move as part of a broader effort to build American AI alternatives to low-cost Chinese models like DeepSeek, keeping frontier development onshore.
And in telecom, AT&T's CEO is pushing back against SpaceX's aggressive posture after Starlink president Gwynne Shotwell said the company expects to pull a significant number of customers away from traditional wireless carriers. AT&T is holding its ground, but Shotwell's comments rattled the sector when they hit, a reminder that satellite connectivity is no longer a distant competitive threat — it is arriving now.
That's the tape. Markets Desk, signing off the floor.
