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Al Mayadeen's Beirut Bureau Chief Roni Alfa: This Israeli aggression says that issue of negotiating with Lebanon is not on table, and that "Israel" will not abide by Resolution 1701.
Al Mayadeen's correspondent: Preliminary casualty toll of Israeli aggression on Southern Suburb of Beirut now at one martyr, 21 wounded.
Ammar: Palestinian experience shows that settlements and talk of peace cannot emanate from enemy that blatantly declares its intent to expand.
Ammar: Unfortunately, enemy is emboldened to commit its aggression by voices within Lebanon that have turned themselves into tools that support its aggression.
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Lebanese MP Ali Ammar from attack site: Israeli aggression has attacked entirety of Lebanon since Washington-sponsored ceasefire.
Israeli media citing senior US official: We were not informed prior to strike, but as it was underway.
Israeli media: US had been informed of planned escalation against Lebanon.

Walmart raises expectations despite opioid settlement hit on earnings

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Nov 2022 00:08
  • 1 Shares
2 Min Read

Walmart's total revenue raked up $152.8 billion, up 8.7% from a year ago.

  • x
  • Walmart is winning big despite claims that it had a hand in the US opioid crisis.
    Walmart is winning big despite claims that it had a hand in the US opioid crisis.

Walmart saw its earnings top expectations in the third quarter as consumers seek bargains amid crippling inflation - however, its numbers took the burden of a US opioid crisis. 

The US retailer noted that it continued to gain market share in the grocery sector, raising its full-year outlook on strong results despite the economic and political ambiance in the US which has affected millions. 

Walmart's total revenue raked up $152.8 billion, up 8.7% from a year ago - a number which was better than they'd predicted. The company is expecting that its full-year adjusted profit will be declining between 6.5% and 7.5%, which is still an improvement in relevance to previous predictions. 

However, those numbers were weakened by a settlement resolving allegations that Walmart had contributed to the opioid crisis in the US by failing to control prescription purchases. 

The opioid crisis in the US has caused over 500,000 deaths in over 20 years, also triggering a series of lawsuits against drugmakers and pharmacies. 

While Walmart will be paying up to a good $3.2 billion to resolve opioid cases, CVS Health and Walgreens will also be paying up $10 billion this month in preliminary agreements to resolve such claims. 

Walmart previously stressed that it "strongly disputes" the allegations; in contrast, it believes that the money would help communities tackle the crisis.

Read next: Pilot who threatened to crash plane into Walmart faces charges

  • United States
  • Walmart

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