Based on survey results, ChatGPT is the most frequently used shopping tool with U.S. consumers, with 72% having used the LLM to do so. Gemini took the No. 2 spot (at 58%), while 81% of shoppers had used at least one tool more broadly (more).

Walmart has slashed 1,000 jobs as part of a restructuring effort aimed at simplifying its operations. “We’ve ⁠made ‌changes to simplify how the ⁠work is organized, make ownership clearer, and better align roles to the work and skills we need going forward,” execs said of the move (more).

Tariff refunds have begun rolling out to recipient companies, with U.S. Customs and Protection suggesting that it anticipated paying out $35.46 billion in said refunds tied to 8.3 million shipments. Oshkosh Corporation, among others, signaled receipt of the earliest rebates (more).

Wholesale inflation ramped up by 6% annually in April, up 1.4% on a seasonally adjusted basis for the month. Fully 40% of the jump in final demand energy calculated by the producer price index (PPI) was attributed to a 15.6% uptick in gas prices (more).

General Motors has fired around 600 IT workers in a move aimed at hiring replacements more capable with AI skills. “GM is transforming its Information Technology organization to better position the company for the future,” the company said (more).