Press Digest: Wall Street Journal - March 26
26/03/2024 05:26
March 26 (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.
- Fisker FSR.N said its negotiations for some kind of
tie-up with a large automaker have broken down, heightening
concerns about the electric-vehicle startup's financial
situation.
- Boeing BA.N CEO Dave Calhoun will step down by year-end
in a broad management shakeup brought on by the planemaker's
sprawling safety crisis exacerbated by a January mid-air panel
blowout on a 737 MAX plane.
- Adam Neumann, the former chief executive and co-founder of
WeWork WEWKQ.PK , recently submitted an offer to buy the
bankrupt co-working company for more than $500 million.
- Check-Cap CHEK.O said it has agreed to be acquired by
Nobul AI, which operates a digital marketplace for real-estate
agents and buyers.
- The chairman of China's Contemporary Amperex Technology
said the company is in talks with Tesla TSLA.O and other
automakers to license its battery technology in the U.S.,
instead of building its own battery plant there.
- Florida Governor Ron DeSantis signed legislation that
prohibits people under 14 years of age from having social-media
accounts, regardless of parental consent, one of the most
restrictive laws aimed at curbing social-media access for
minors.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))