Walmart said Monday it is cutting prices on thousands of grocery, household and seasonal items at its stores, online and Sam's Clubs, news that President Trump sought credit for in a Truth Social post.

Why it matters: The nation's largest retailer is again at the center of the affordability fight, with Trump under pressure to show progress on prices heading into the midterms.

State of play: The company framed the move as a summer savings push, pointing to price cuts on grilling staples, drinks, produce, apparel, toys and outdoor items.

• Walmart's announcement did not mention Trump or the administration.
• A Walmart spokesperson declined to comment about Trump's post.

The price cuts took effect last week, a Walmart spokesperson told CBS News.

What they're saying: Walmart would lower prices "by a lot" at his administration's request to celebrate the country's 250th birthday, Trump said in the post.

• He cited a nearly 15% cut on a pound of ground beef.
• He also said other retailers should follow Walmart's lead.

By the numbers: Walmart's listed cuts include:

• 1 pound of 73% lean ground beef at $5.94, down from $6.74, about 12%
• Fresh sweet corn at 25 cents each, down from 68 cents
• 2.25-pound bag of red cherries at $5.63, down from $11.18
• Coca-Cola 24-packs at $9.97, down from $14.97
• Pepsi, Dr Pepper and Diet Mountain Dew 24-packs at $9.97, down from $13.97

Sam's Club is also lowering prices on more than 250 items, including chicken wings, hot dogs, ground beef and pork ribs, Walmart said.

Flashback: "We're continuing to invest in prices, extending the rollbacks. We started in the second half of last year, and we now have about 7,200 rollbacks in place," Walmart president and CEO John Furner said in the company's May earnings call.

What we're watching: If Walmart's price cuts continue into the upcoming back-to-school season, if other retailers compete and if Trump takes credit.

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Nonprofit Renaissance Philanthropy of New York is expected to announce a fund to invest in early-stage companies and develop local startup talent today.

Why it matters: The $7.5 million Northwest Arkansas Innovation Fund is aimed at a familiar gap in NWA's startup scene: very early capital for founders who are not yet ready for traditional venture investment.

Driving the news: Backed by the Walton Family Foundation, the Innovation Fund will start with Catalyze479, a revolving fund for Northwest Arkansas-based companies, and Launch479, a fellowship for founders and senior technical leaders.

State of play: Catalyze479 will make initial investments of up to $500,000.

• It will focus on both technology pre-seed companies and scalable "Main Street" businesses such as restaurants, bookstores and neighborhood anchors.
• Any investment returns will be reinvested into the fund for future local companies.

Launch479 will work with Gitwit, a venture studio that says it launches three to five ventures per year across Northwest Arkansas and eastern Oklahoma.

What to know: Applications are open for both Catalyze479 and Launch479. Renaissance Philanthropy plans to make its first investments during Q4.

What we're watching: Which companies get the first checks and whether the model attracts more private investment.

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⚖️ The capital murder trial for Andrew McGann, who is accused of killing a couple at Devil's Den State Park last year, is scheduled to begin March 29, 2027, in Washington County. (KNWA)

📰 The Arkansas Democrat-Gazette's effort to obtain contracts tied to Google's West Memphis data center is likely headed to the Public Service Commission, with all sides telling a judge the dispute belongs before utility regulators. (Arkansas Democrat-Gazette)

☕ Pearlsnap Picnic, a new coffee shop and smoothie bar inside The Jones Center in Springdale, is set to open July 9. (Fayetteville Flyer)

Northwest Arkansas gas prices are still elevated from last winter, but drivers are getting some relief after a spring spike.

By the numbers: Regular unleaded in the Northwest Arkansas metro averaged $3.31 per gallon in July, down from about $3.96 in May, according to GasBuddy.

• The national average was $3.75 in July, down from nearly $4.50 in May.
• NWA prices remain below the national average, but still well above the winter low of roughly $2.41 in December.

Reality check: Even when Northwest Arkansas is cheaper than the U.S. average, a swing of more than 60 cents a gallon can change how families think about summer travel, eating out and other spending.