Press Digest: New York Times business news - Nov 26

Filana Therapeutics

26/11/2024 05:55

Nov 26 (Reuters) - The 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.
     
- Kohl's  KSS.N  CEO Tom Kingsbury will step down after less
than two years at the helm, paving the way for former Walmart
 WMT.N  executive Ashley Buchanan to take on the role as the
department store chain looks to execute a turnaround.
     
- Macy's  M.N  said that an employee had "intentionally"
misstated and hidden up to $154 million in delivery expenses
over the past few years, forcing the retailer to delay a
much-anticipated earnings report.
        
- The Biden administration said that it would lend $6 billion to
help Rivian  RIVN.O  build an electric car factory in Georgia,
part of an effort to lock in Democratic climate policies before
President-elect Donald Trump takes office.
     
- Cassava Sciences  SAVA.O , a biotechnology company based in
Austin, Texas, announced it would stop the advanced clinical
trial for an experimental Alzheimer's drug, ending a
long-contested bid for regulatory approval.

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