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Walmart CEO Doug McMillon met with President-elect Trump this week at Mar-a-Lago before Trump's inauguration in Washington, D.C., on Jan. 20.

Derek Chang, a Liberty board member and former CEO of NBA China, will look at digital expansion.

Liberty Media ( NASDAQ: FWONA) has named Derek Chang president and chief executive officer, the company said on Wednesday after the bell. Chang has been a director of Liberty Media since March 2021.