Press Digest: New York Times business news - December 5

Abbott Laboratories

05/12/2025 07:18

Dec 5 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Warner Bros Discovery WBD.O has entered exclusive talks with Netflix NFLX.O for a deal to sell its movie and television studios and HBO Max streaming service.

- Canada's government formally told the global automaker Stellantis STLAM.MI that its transfer of the production of its Jeep Compass from a suburban Toronto plant to Illinois meant that the company had defaulted on contracts covering hundreds of millions of dollars in assistance.

- The U.S. Food and Drug Administration said that people should stop using certain types of glucose monitor sensors after the maker, Abbott Diabetes Care, warned that the faulty products could be tied to at least seven deaths.

- Harvey,a Maker of A.I. Legal Software, announced that it had raised $160 million in new funds at an $8 billion valuation.

(Compiled by Bengaluru newsroom)

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