Jun 20, 2019

Walmart agrees to $282 million settlement in corruption lawsuit

Workers preparping a new Walmart store for inauguration in the city of Recife, Brazil, on Dec, 6, 2017. Photo: Diego Herculano/NurPhoto via Getty Images

Walmart is writing a check for $282 million to settle an investigation into its questionable business practices overseas, including bribing Brazilian and Mexican officials for permits, reports AP.

Why it matters: The civil and criminal allegations have negatively impacted Walmart's reputation as the company had to deal with investor lawsuits, and spend millions on compliance, says the New York Times. The U.S. Securities and Exchange Commission and Department of Justice have indicated this has been one of the largest investigations under the Foreign Corrupt Practices Act, which prevents American companies from bribing foreign officials, according to the Times.


  • This legal battle has collectively cost the corporate giant $900 million, and the investigation started in 2012, per AP.
  • Walmart will be paying $138 million to avoid prosecution in the U.S., and its Brazilian subsidiary has plead guilty to violating the Foreign Corrupt Practices Act.
  • The SEC declared a $144 million settlement against Walmart also on Thursday for “failing to operate a sufficient anti-corruption compliance program” in Brazil, China, India and Mexico, according to AP.

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If you feel like you're suddenly spending a surprising amount of your days thinking and talking about Anthony Fauci, you're not alone. He's become the third-most talked about person online, according to data from NewsWhip provided to Axios.

Why it matters: Fauci, the director of the National Institutes of Health office that deals with infectious diseases, has quickly become a household name, and one of the few household names with (mostly) bipartisan credibility.

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Mark Meadows considers new White House press secretary

Photos: Alyssa Farah, Defense Department; Stephanie Grisham, Alex Wong/Getty Images; Kayleigh McEnany, Scott W. Grau/Icon Sportswire via Getty Images

White House Chief of Staff Mark Meadows has privately discussed bringing on Pentagon spokesperson Alyssa Farah or Trump campaign spokesperson Kayleigh McEnany as a new White House press secretary, two sources familiar with the talks tell Axios.

Why it matters: Meadows' start on Tuesday as Trump's new chief presents a chance to overhaul a press shop that's kept a low profile since President Trump ended the tradition of daily press secretary briefings.