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PRESS DIGEST - Wall Street Journal - April 16
Reuters·04/16/2024 06:09:24
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PRESS DIGEST - Wall Street Journal - April 16

- Following are the top stories in the Wall Street Journal. Reuters has verified these stories and does vouch for their accuracy.


- The US Justice Department is preparing to sue Live Nation LYV.N as soon as month, an antitrust challenge that could spur major changes at the biggest in concert promotion and ticketing.


- The New York Times Co NYT.N ended its investigation into whether staffers leaked confidential information about its Gaza war coverage without any conclusive finding.


- Tesla TSLA.O plans to slash more than 10% of its global workforce and two of Elon Musk's top deputies said they were leaving the company, a shake-up that reflects a broader cooling in consumer demand for electric vehicles.


- A group of major book publishers have joined a lawsuit filed by Penguin Random House seeking to block school book banning in Iowa, the latest effort to counter the removal of works from school classrooms and libraries.

- Alantra Partners ALNTA.MC led a roughly $55.6 million growth investment in GridBeyond, a developer of artificial intelligence-powered systems that help businesses and grid operators balance electricity supply and demand.

- A Hong Kong subsidiary of HSBC Holdings HSBA.L wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.


(Compiled by Bengaluru )

((globalnewsmonitoring@thomsonreuters.com))

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