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Will current retail listings for Core Ultra 7 270K Plus and 5 250K Plus drop in price to match older ARK/MSRP or will retailers update to Intel’s new ARK pricing?

The article says retail prices have not fully caught up yet: Amazon listings for the 270K Plus were still below Intel's new ARK upper range, and the 250K Plus was already close to the updated pricing. It concludes retailers may either remain below the new ARK prices in the short term or update over the next few weeks, so expect retail listings to lag briefly while retailers adjust to Intel’s new ARK pricing. Answered

Intel confirms new price hike for Core Ultra 200S Plus CPUs, blames rising supply chain costs
Are boxed (retail) and tray (OEM) versions of the Core Ultra 200S Plus CPUs affected differently by the price change?

Yes. The article says the recommended customer price for the Core Ultra 7 270K Plus now ranges from $339 to $349 depending on the tray or boxed version, and the Core Ultra 5 250K Plus now ranges $219 to $229 likewise by tray versus boxed. This indicates boxed and tray (OEM) versions are listed at different price points after the change. Answered

Intel confirms new price hike for Core Ultra 200S Plus CPUs, blames rising supply chain costs