Press Digest: Wall Street Journal - Aug 9

Bausch Health Companies

09/08/2024 06:39

Aug 9 (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.

    - Delta Air Lines  DAL.N  increased the efforts to seek
compensation from CrowdStrike  CRWD.O , blasting what it called
the cybersecurity company's “blame the victim” defense for a
disruption that the airline said cost at least $500 million.

    - Paramount Global  PARA.O , home of channels including
Comedy Central, MTV and Nickelodeon, on Thursday wrote down the
value of its cable-TV networks by nearly $6 billion and cut
2,000 jobs.

    - An advertising-industry initiative, Global Alliance for
Responsible Media, dedicated to safeguarding marketers from
harmful content is halting work following a lawsuit filed by
Elon Musk’s social-media platform X.

    - The U.S. District Court for the Southern District of New
York entered a consent order against FTX Trading and Alameda
Research, requiring them to pay $12.7 billion in monetary relief
to fraud victims, resolving Commodity Futures Trading Commission
litigation.

    - Bausch Health's  BHC.TO  four-year-old plan to spin off
eye-care subsidiary Bausch + Lomb  BLCO.TO  is caught in a
standoff between the pharmaceutical company's top shareholders
including Carl Icahn and Paulson & Co and debtholders favoring a
bankruptcy filing to fix its balance sheet.

    - Enterprise AI company Glean is in advanced discussions for
a deal to raise $250 million that would double its valuation
from six months ago to $4.5 billion.

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))