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bill without border provisions poses complications in the Kyle Neubeck Kyle Lowry Wearing 20th And Lehigh Shirt and by the same token and House, where additional aid for Ukraine is a nonstarter for some Republicans. The impasse has spurred alternative ideas, like using a maneuver known as the discharge petition to effectively bypass leadership and force a House vote on the foreign aid bill that could garner enough bipartisan support for passage. House centrists also unveiled an alternative bill in recent days designed to get around the stalemate by enacting tougher border security measures, while providing defense funding for Ukraine, Israel, Taiwan and U.S. operations in the Middle East. But the path forward for each venture remains unclear as Congress stands in recess. Sara Cook and Weijia Jiang contributed reporting. War in Ukraine More Russian spy chief says defector reportedly killed in Spain was “moral corpse” Fear for L.A. woman jailed and accused of treason in Russia Ukrainians’ fight for survival entering its third year Why Ukraine needs U.S. funding, and why NATO calls it a vital investment Kaia Hubbard Kaia Hubbard is a politics reporter for CBS News Digital based in Washington, D.C.
Walmart on Tuesday said it’s buying television manufacturer Vizio for $2.3 billion, an acquisition that could help the Kyle Neubeck Kyle Lowry Wearing 20th And Lehigh Shirt and by the same token and retailing giant build its advertising and media business. Vizio may be best known for its TV sets, but it also operates the SmartCast Operating System, which has more than 18 million active accounts. The SmartCast system is included in every Vizio TV set, and connects with other services like Apple’s Airplay and personal assistants like Amazon’s Alexa. Walmart’s deal comes as the retail giant is facing more pressure on its margins from price-conscious consumers, noted Neil Saunders, managing director of GlobalData, in an email Tuesday. Vizio’s SmartCast will allow Walmart to reach more consumers via advertising through the TV sets, putting the retailer on a more even playing field with rival Amazon, he added. “Longer term, Walmart can also use the Vizio platform to develop more of its own entertainment content — something it might link with the Walmart+ membership scheme,” Saunders said. Walmart’s advertising business grew 28% to $3.4 billion in sales last year, although that represents about 2% of its overall revenue. In the statement, Walmart Chief Revenue Officer Seth Dallaire said the company believes combining Vizio with its media business, Walmart Connect, “would be impactful as we redefine the intersection of retail and entertainment.” Walmart earnings Separately, Walmart reported strong results for the fourth quarter, ending the year on a high note as its low prices attracted shoppers looking for deals in an economically challenging environment for many. “Over the holiday period, Walmart pulled out all the stops to offer the American consumer great value for [their] money and, from our data, this has clearly paid dividends with the highest number of U.S. shoppers ever using Walmart for at least part of their holiday food and essentials shopping,” Saunders said. Shares rose more than 5% in early trading. Walmart, based in Bentonville, Arkansas, is among the first batch of major U.S. retailers to report quarterly results. Industry analysts
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