Press Digest: New York Times business news - May 29

BuzzFeed

29/05/2024 05:33

May 29 (Reuters) - 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.
    
    -  Republican Vivek Ramaswamy, who dropped out of the White
House race in January, has taken a 7.4% stake in BuzzFeed
 BZFD.O  for about $4 mln and wants the company to consider
moves like hiring the former Fox News host Tucker Carlson and
the N.B.A. commentator Charles Barkley.
    
    -  Adam Neumann has ended his bid to re-acquire WeWork
 WEWKQ.PK  as the coworking business he co-founded has chosen to
emerge from bankruptcy with an "unrealistic" plan. 
    
    - Ryan Salame, the former co-CEO of FTX's Bahamian
subsidiary and a top lieutenant to the bankrupt cryptocurrency
exchange's founder, Sam Bankman-Fried, was sentenced on Tuesday
to 90 months in prison.
    
    - The speaker of the Texas House, Dade Phelan, won
renomination in a runoff on Tuesday, surviving a bruising
Republican primary challenge from a party activist and
first-time candidate who was backed by former President Donald
J. Trump and his Texas supporters. 

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