After joining the company in 1969, Walton held several roles, including senior vice president, corporate secretary, general counsel and vice chairman. "His leadership has been critical as we've grown our business over so many years," Greg Penner, the current Chairman of Walmart's board said in a regulatory filing announcing Walton's retirement. The Walton family is the richest family in America, according to Forbes, thanks to their stake in the retailer, the world's largest by sales.
Bristol Myers Squibb (BMY) shares are trading lower Thursday afternoon following the pharmaceutical company's announcement of several cost-cutting initiatives. Among the measures were workforce reductions and the termination of approximately 12 drug development programs. Yahoo Finance Health Reporter Anjalee Khemlani breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith.
Microsoft and Google jumped on earnings late after the market rally attempt showed resilience Wednesday amid Meta's sell-off.