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IN BRIEF

Walmart gets hammered by worst drop since 1987 on forecast cut — Walmart Inc. tumbled the most in almost 35 years after cutting its full-year profit forecast due to inflationary pressures, especially in food and fuel. The worsening outlook shook Wall Street’s faith in Walmart’s ability to cope with higher costs for merchandise, transportation and labor. The shares sank 11% to $131.35 at the close in New York, the biggest drop since October 1987.