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Financial Challenges for America Movil and Walmart
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America Movil's net profit decreased in Q3 2023 due to higher financial costs, including exchange losses and an impairment charge. Walmart's Mexico subsidiary, Walmart de Mexico, faced an investigation for alleged monopolistic practices, causing shares to drop.
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How does the antitrust investigation into Walmart de Mexico reflect broader concerns about monopolistic practices in the Mexican market?
How might the financial challenges faced by America Movil impact its long-term business strategy?
What steps can Walmart de Mexico take to address the allegations and regain investor confidence?
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