Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

It's always good to be with you. Today is Tuesday, February 24th. I'm Julie Morgan.

FedEx has sued the Trump administration, seeking a full refund of the tariffs it paid under IEPA, the International Emergency Economic

Powers Act, after the Supreme Court ruled against the administration.

The lawsuit did not specify the amount due. The company filed the lawsuit in the U.S. Court of

International Trade, naming the Customs and Border Protection Agency, CBP Commissioner Rodney Scott

and the U.S. as defendants. Several companies already filed lawsuits seeking AEPA tariff refunds

before the Supreme Court's ruling, including Costco, and that number is expected to rise significantly.

Penn Wharton budget model economists projected that reversing the IEPA tariffs will generate up to $175 billion in refunds. The firm

representing FedEx and Costco in their lawsuits say that they anticipate that the administration

will resist paying refunds and the process may take

some time. But they say retailers with significant tariff exposure should evaluate potential claims now.

Hems and Hers Health said in a 10-K filing that it received a letter from the staff of the

Securities and Exchange Commission's Division of Enforcement,

notifying the company of an investigation.

The SEC directed it to preserve documents and information related to its public statements and disclosures

about compounded semaglutide and related business relationships.

The company said it is cooperating with the

investigation but is unable to predict when or how this matter will be concluded. Therefore, the

financial impact of the SEC investigation cannot be predicted at this time. Hems and hers health

reported Q4 Gap EPS of 8 cents, beating estimates by

3 cents, while revenue rose 28.4% year-over-year to $617.8 million, which was in line with

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