{"id":4545,"date":"2026-07-08T12:35:34","date_gmt":"2026-07-08T12:35:34","guid":{"rendered":"https:\/\/bostonrelocationinsider.com\/?p=4545"},"modified":"2026-07-08T12:35:34","modified_gmt":"2026-07-08T12:35:34","slug":"trump-says-walmart-cut-prices-at-his-request-but-walmart-statement-omits-administrations-role","status":"publish","type":"post","link":"https:\/\/bostonrelocationinsider.com\/?p=4545","title":{"rendered":"Trump says Walmart cut prices at his request, but Walmart statement omits administration\u2019s role"},"content":{"rendered":"<article>\n<div>\n<p><span>RETAIL<\/span><\/p>\n<div>\n<div>\n<h2>Trump says Walmart cut prices at his request, but Walmart statement omits administration\u2019s role<\/h2>\n<\/div>\n<\/div>\n<p><span>President Trump on Monday sought to take credit for recent price cuts by Walmart, but a statement by the retailer made no mention of the administration\u2019s involvement in its decision. The president has faced public backlash over inflation rising during his watch, as prices climbed initially in the aftermath of his tariffs and later with the start of the Iran war in late February. \u201cI have just been informed that one of the biggest, best, and smartest Retailers in America, Walmart, will be lowering prices, by a lot, at my Administration\u2019s request to celebrate our great Country\u2019s 250th birthday,\u201d Trump said. \u201cWalmart will, in particular, be dropping the price for a pound of ground beef by almost 15 percent, among many other products.\u201d Walmart has benefited in part from higher inflation under Trump, as consumers have turned to its stores and website in search of lower prices, according to its quarterly earnings released in May. The company, in a statement issued Monday after the president\u2019s post, said its price rollbacks at Walmart and Sam\u2019s Club \u201care designed to help customers and members make the most\u201d of the summer season. There was no mention of any interaction with the administration and the company did not publicly comment on Trump\u2019s claims. The statement noted price cuts for ground beef, corn, red cherries, ice cream, potato chips, and Coca-Cola and Pepsi products. \u2014 ASSOCIATED PRESS<\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=4543\">Brigham and Women\u2019s Hospital nurses walk out, beginning largest nurses strike in state history<\/a><\/p>\n<\/div>\n<div>\n<div>\n<div>\n<div><span>Get Starting Point<\/span><\/div>\n<div><span>A guide through the most important stories of the morning, delivered Monday through Friday.<\/span><\/div>\n<div>\n<div><label>Enter Email<\/label><\/p>\n<div><button>Sign Up<\/button><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><span>HIGHER EDUCATION<\/span><\/p>\n<div>\n<div>\n<h2>Labour\u00e9 College cuts 65 jobs ahead of Curry College transition<\/h2>\n<\/div>\n<\/div>\n<p><span>Labour\u00e9 College will lay off 65 employees as it winds down operations ahead of its acquisition by Curry College, according to a notice the school filed with the state. The layoffs come as the Milton-based health care college prepares to close its campus by the end of August after announcing earlier this year that it could no longer overcome \u201cpersistent financial and enrollment challenges.\u201d  Current students will be able to complete their degrees at nearby Curry College in Milton. Labour\u00e9\u2019s nursing programs will transfer to Curry College, which will also launch the new Labour\u00e9 Center for Advancing Healthcare Opportunity. The center is designed to help provide the resources and support Labour\u00e9 provided to its diverse student population of adults, English language learners, and current health care workers who want to further their success. According to the most recent federal data, Labour\u00e9 College in 2024 enrolled about 530 undergraduate students and had 23 full-time faculty members and 71 part-time faculty members. The four-year private nonprofit school offered one-year certificates, associate degrees, and bachelor\u2019s degrees in nursing and health care. Curry plans to hire about 15 members of Labour\u00e9\u2019s nursing faculty and 20 staff members from the college, according to Higher Ed Dive. It is unclear whether any of those members are among the 65 for whom the school warned of layoffs with the state. Labour\u00e9 College did not respond to a request for comment. \u2014 BOSTON.COM<\/span><\/p>\n<p><span>LABOR<\/span><\/p>\n<div>\n<div>\n<h2>Hachette Book Group employees vote to unionize<\/h2>\n<\/div>\n<\/div>\n<p><span>Hundreds of staff members at Hachette Book Group voted to unionize on Tuesday, forming the largest union in American trade book publishing at one of the biggest publishers in the United States. Employees at Hachette imprints across the United States and Canada, including Little, Brown and Workman, voted 388 to 130 to join the Washington-Baltimore News Guild, under the name Hachette Workers Coalition. Representatives of the group said they established a union to secure salary increases and better benefits and protections, including a cap on working hours. A spokesperson for the Washington-Baltimore News Guild, Kathleen Floyd, said that the Hachette union comprises around 600 workers. The union\u2019s formation reflects a broader push for workers\u2019 rights in the publishing industry. The Hachette employees who led the unionization effort hope to negotiate a contract that secures pay raises at all levels. Currently, the minimum starting salary for Hachette employees in New York City is $52,500. A livable salary for a single adult in and around New York City is around $65,500, according to estimates from the Massachusetts Institute of Technology\u2019s Living Wage Calculator. In addition to the ongoing concerns over pay and benefits, a growing number of publishing industry professionals worry about losing their jobs to artificial intelligence, as publishers adopt the technology in areas like marketing and promotion. Many fear that AI could soon be used more widely for jobs like editing, proofreading, and cover design, threatening the livelihoods of people in creative roles. \u201cIt\u2019s very important to us as workers that our work doesn\u2019t get replaced by AI, and that we can create protections to make sure that doesn\u2019t happen,\u201d said Julia DeVarti, an associate editor at Little, Brown. After Hachette employees first announced their plans to unionize, in late April, Hachette declined to recognize the union. The company distributed flyers with information about the collective bargaining process noting that unionizing might jeopardize current benefits like discretionary bonuses and work flexibility, which could be revisited as part of future contract negotiations. In a statement shared with The New York Times, a spokesperson for Hachette said the company recognizes the results of Tuesday\u2019s union election, and that respects its employees\u2019 decision to unionize. \u2014 NEW YORK TIMES<\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=4541\">Dan Shaughnessy asked Brad Stevens if the Jaylen Brown trade makes the Celtics better. Here\u2019s what he said.<\/a><\/p>\n<p><span>DEALS<\/span><\/p>\n<div>\n<div>\n<h2>Getty scraps $3.7 billion Shutterstock deal after UK antitrust requires key sale<\/h2>\n<\/div>\n<\/div>\n<p><span>Getty Images notified Shutterstock on Tuesday that it\u2019s scrapping plans to combine the companies in a $3.7 billion deal because it didn\u2019t want to comply with a key condition laid out by Britain\u2019s antitrust regulator. In a filing, Getty said that it \u201cdelivered a written notice to Shutterstock terminating the Merger Agreement,\u201d which was announced last year as part of a plan to create a visual content giant. Britain\u2019s Competition and Markets Authority had approved the deal following an investigation but only on condition that Shutterstock\u2019s editorial business be sold to an approved buyer. The regulator was concerned that the combined company would result in a substantial lessening of competition resulting in reduced choice and higher prices for UK media outlets. Getty\u2019s board had voted unanimously last week against proceeding with the deal if it required selling Shutterstock\u2019s editorial business. Both companies license content including photos, illustrations, music, and videos to major British media companies, advertisers, publishers, and designers, as well as small and medium businesses in the creative industry, according to the CMA. The regulator said that the decision to scrap the deal was \u201ca commercial choice\u201d and noted that it was the two companies that had initially offered to sell the Shutterstock editorial business. Since issuing conditional approval in May, the UK regulators have \u201cworked swiftly and closely with Getty and Shutterstock on the proposed sale and have engaged with several potential buyers to assess their suitability,\u201d Margot Daly, who chaired the CMA\u2019s investigation, said in a statement. \u201cThis process was at an advanced stage at the time of Getty\u2019s announcement.\u201d \u2014 ASSOCIATED PRESS<\/span><\/p>\n<p><span>TRADE<\/span><\/p>\n<div>\n<div>\n<h2>US trade deficit widens in May on record goods imports<\/h2>\n<\/div>\n<\/div>\n<p><span>The United States trade deficit in goods and services widened to $77.6 billion in May as the US imported more goods than it sold abroad. Imports rose, climbing 3.3 percent from the previous month, to hit $395.3 billion, as the United States imported more foreign pharmaceuticals, cellphones, cars, and equipment to fill out new data centers. US exports of goods and services fell 3.2 percent in the month, to $317.7 billion, according to data the Commerce Department released Tuesday. That included exports of gold, natural gas, computers, and pharmaceuticals, which all fell from the previous month. The drop in goods exports was offset somewhat by an increase in service exports, including more revenue earned from foreigners traveling to the United States. Exports and imports of services both hit a record in May, as did US petroleum exports. Goods imports also hit a record high in the month. The combination increased the monthly trade deficit, the gap between what the United States imports and what it exports. The US trade deficit in goods and services bounced up more than 42 percent from the prior month. The Trump administration has sought to reduce the trade deficit with a vast swath of tariffs on foreign goods. Those levies have caused imports, exports, and the trade deficit to fluctuate wildly since President Trump came into office. On average, the monthly trade deficit in goods since Trump\u2019s second term began has been $96 billion in the 16 months since he returned to the White House. That\u2019s down about 5 percent compared with the average monthly trade deficit in the 16 months before his presidency began. \u2014 NEW YORK TIMES<\/span><\/p>\n<p>Read more <a href=\"https:\/\/bostonrelocationinsider.com\/?p=4539\">\u2018Boston is home\u2019: Jaylen Brown says his 7uice Foundation will remain in town<\/a><\/p>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>Stories you may have missed from the world of business.<\/p>\n","protected":false},"author":1,"featured_media":4544,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-4545","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Trump says Walmart cut prices at his request, but Walmart statement omits administration\u2019s role - 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