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Press Digest: Wall Street Journal - July 9

PRESS DIGEST -Wall Street Journal - July 9

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Jeff Bezos' Blue Origin is looking to tap outside investors for the first time, aiming to raise $10 billion in a funding round that would value the rocket maker at $130 billion before the investment.

- China said it has found “security backdoor vulnerabilities” in Anthropic’s Claude Code, stepping up tensions in the race with the U.S. for artificial intelligence supremacy.

- Apple AAPL.O plans to spend more than $30 billion as part of a chip supply agreement reached earlier this week with Broadcom AVGO.O that will also see the chipmaker expand a factory in Colorado.

- JPMorgan Chase JPM.N is setting its sights on small company deals for its next leg of growth in investment banking.

- Air Canada AC.TO said Anko Van der Werff would become its next CEO.

- An appeals court rejected a lawsuit alleging that Hudson Bay Capital violated securities laws to reap more than $300 million in short-term profits trading Bed Bath & Beyond BBBY.N stock before the home goods retailer went bankrupt in 2023.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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