Walmart Inc (NYSE:WMT, ETR:WMT) has pulled its operating income forecast for the first quarter of fiscal 2026 due to uncertainties surrounding the impact of US president Donald Trump's sweeping tariffs on imports from countries like China and Vietnam.
These tariffs, which include rates as high as 104% on Chinese imports and 46% on Vietnamese goods, are expected to significantly affect Walmart's supply chain and pricing strategies.
New Era Helium Inc (NASDAQ:NEHC), the exploration and production company focused on helium sourced from natural gas in the Permian Basin, said it expects its Pecos Slope Plant to be operational by the fourth quarter of 2025, aligning with updated financing and development milestones.
The company said it aims to secure project financing and reach an agreement with its midstream partner within the next 90 days.
Potential tariffs on pharmaceuticals under the Trump administration would take more time to have an impact on the sector than investors may realize, analysts at Bank of America believe.
US president Donald Trump said on Tuesday that the country would soon be announcing a “major tariff” on pharmaceuticals with the aim of onshoring drug manufacturing.
Delta Air Lines Inc (NYSE:DAL) shares gained altitude after the airline reported better-than-expected results for the March quarter.
Earnings per share of $0.46 beat estimates of $0.39 while revenue of $14.04 billion was ahead of the consensus of $13.46 billion.
JD Sports Fashion PLC (LSE:JD.) shares bounced 10% to 69.5p, rebounding from a five-year low as the sportswear retailer said profit for the past year was in line with previous guidance, though growth is expected to slow further in the year ahead.
On the downside, the FTSE 100-listed group, which is a key partner to US giant Nike, said it expects trading in its key markets to be "volatile throughout the year".
Shares in Petra Diamonds Limited (LSE:PDL, OTC:PDLMF) fell 8% in early trading on Wednesday after the miner warned it will miss its net cash flow target for the year.
The company blamed continued market weakness and a disappointing product mix at its flagship Cullinan mine in South Africa.