Press Digest: Wall Street Journal - October 15
PRESS DIGEST-Wall Street Journal - October 15 Oct 15 (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.
- Netflix NFLX.O is laying off 6% of its staff, or roughly 1,000 positions globally, amid slowing growth and customer engagement.
- Streaming platform YouTube, owned by Alphabet's Google GOOGL.O, has held discussions with publishers about developing an audiobook feature that could be ready to launch by next year.
- Japan will invest up to $21 billion to help GlobalFoundries GFS.O build two chip factories in New York state, which will be jointly owned by the US government and Japanese interests.
- American Electric Power AEP.O said it plans toinvest about $4 billion in a Wyoming fuel cell generation project to supply Alphabet's Google GOOGL.O under a 20-year power purchase agreement.
- Switzerland’s Galderma Group GALD.S has agreed tobuy ZO Skin Health from Blackstone BX.N for an enterprise value of $1.5 billion, in a move to expand its premium skincare portfolio.
- White House press secretary, Katie Zacharia, is facing scrutiny over her legal career following reports that she never passed a US bar exam before becoming the top spokeswoman for US President Donald Trump.
(Compiled by Bengaluru newsroom)