Press Digest: Wall Street Journal - September 5

Cerence

05/09/2025 05:58

Sept 5 (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.

- Rivian RIVN.O is laying off workers as the company is trying to reduce costs ahead of the launch of a more affordable sport-utility vehicle next year.

- Skydance's Paramount PSKY.O is requiring employees at the vice president level or below in New York and Los Angeles to return to the office five days a week starting in January.

- The U.S. government filed two lawsuits against Southern California Edison, blaming the utility's equipment for sparking two wildfires, including the Eaton Fire in January that damaged National Forest System lands.

    - Cerence AI CRNC.O filed a lawsuit against Apple AAPL.O, alleging the technology giant was using its technology in certain iPhones and iPads without seeking a license.

- Garage Beer, a light-beer maker backed by football stars Travis and Jason Kelce, claimed a $200 million valuation in its first funding round.

    - The U.S. is preparing to renegotiate the U.S.-Mexico-Canada Agreement deal with Mexico and Canada, with consultations starting soon.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))