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WSJ What’s News

Amazon Overtakes Walmart as the Biggest U.S. Company by Revenue

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 19 February 2026

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for Feb. 19. Walmart had strong sales growth in its most recent quarter. Despite this, Walmart fell behind Amazon as the largest U.S. company by revenue. Reporter Sarah Nassauer discusses the milestone. Plus, beef prices are high—and likely to stay that way. We hear from WSJ reporter Patrick Thomas about why, and how consumers are responding. And British police say Andrew Mountbatten-Windsor, the former Prince Andrew, has been released under investigation. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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new for sale and rental listings July 24 through June 2025. Number one trusted based on August

0:26.6

2025 proprietary survey among real estate professionals. Walmart loses its crown as the biggest

0:35.9

U.S. company by revenue. Plus, U.S. imports hit a record last year, despite President Trump's tariffs.

0:42.3

And who's got beat? Higher prices for burgers and steaks may be here to stay.

0:47.3

Ranchers are just, they're really enjoying these good times.

0:50.3

They've historically always struggled to make profits.

0:52.3

And now they're really making money, and a lot of them have decided that they're going to hold on to it.

0:56.7

And there's not a lot of signs of significant herd rebuilding.

1:00.1

So that creates an environment where beef is just the premier luxury protein.

1:04.7

It's Thursday, February 19th.

1:06.8

I'm Alex O'Silliv for the Wall Street Journal.

1:09.2

This is the PM edition of What's News, the top headlines and business stories that move the world today.

1:18.8

A new report from the Commerce Department out today shows that the nation's trade deficit, the gap between imports and exports, was just over $900 billion last year. That's only slightly

1:28.9

smaller than in 2024, despite big tariffs from the Trump administration that aimed at closing

1:34.0

trade gaps. U.S. imports last year rose 5 percent and hit a record, meaning that the country

1:39.5

remains a heavy net importer. We're exclusively reporting that President Trump is weighing an initial

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