Press Digest: Wall Street Journal - Nov 30

AMC Global Media

30/11/2022 06:00

Nov 30 (Reuters) - The following are the top stories in
the Wall Street Journal. Reuters has not verified these stories
and does not vouch for their accuracy.
    - Airbnb Inc  ABNB.O  is launching a listing service for
rental apartments with some of the biggest landlords and
property managers in the country, a bid to expand its business
in multifamily buildings where owners often shun short-term
rentals.
    - Yoel Roth, Twitter Inc's former head of trust and safety,
said several factors led to his decision to leave the platform
after almost eight years, including the disruptions created by
rapid-fire changes from the company’s new owner.
    - BlockFi Inc told a U.S. bankruptcy court on Tuesday it was
blindsided by cryptocurrency exchange FTX’s rapid demise and
would work to repay creditors and allow customers access to
their digital wallets as soon as possible.
    - Eisai Co Ltd  4523.T  and Biogen Inc's  BIIB.O  drug,
called lecanemab, slowed cognitive decline by 27% compared with
a placebo over 18 months in a study of more than 1,700 people
with early-stage Alzheimer's, researchers reported in the New
England Journal of Medicine on Tuesday. 
        - Kroger Co  KR.N  CEO Rodney McMullen and Albertsons Co
 ACI.N  CEO Vivek Sankaran testified before the Subcommittee on
Competition Policy, Antitrust and Consumer Rights, where
senators from both parties questioned whether the planned
combination would reduce competition in the grocery sector, lead
to higher prices and eliminate worker jobs or stores. 
        - AMC Networks Inc  AMCX.O  said it is planning to lay
off about 20% of its U.S. employees, a sign of further
disruption at a company that earlier Tuesday announced its chief
executive had stepped down less than three months after taking
the reins.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))