Press Digest: Wall Street Journal - Nov 11

CreateAl Holdings

11/11/2022 08:50

Nov 11 (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.
    - Amazon.com Inc  AMZN.O  Chief Executive Officer Andy Jassy
is leading a cost-cutting review of the tech giant and paring
back on businesses at the company that haven't been profitable.
    - Cryptocurrency lender BlockFi Inc said it was pausing
withdrawals and limiting activity on its platform, becoming the
latest casualty of the sudden collapse of Sam Bankman-Fried's
crypto empire.
    - Co-founder and former chief executive of TuSimple Holdings
Inc  TSP.O  Xiaodi Hou combined forces with another major
shareholder to oust the self-driving trucking company's board of
directors, according to a securities filing Thursday.
    - South Korea will for the first time sell artillery shells
destined for Ukrainian forces through a confidential arms deal
between Seoul and Washington, a move that reflects a global
scramble for munitions after months of war with Russia.
        - A federal judge in Texas on Thursday struck down Joe
Biden administration's student-debt forgiveness plan, imperiling
a key  administration priority that would have canceled up to
$20,000 in student loans for tens of millions of borrowers.
        - Twitter Inc  TWTR.MX  suffered additional senior
executive departures as owner Elon Musk said bankruptcy is a
possibility for the company.
 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))