Press Digest: Wall Street Journal - Jan 16

GoDaddy

16/01/2025 05:51

Jan 16 (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.
     
- The Biden administration rolled out a flurry of new
restrictions on Chinese companies and their access to advanced
chips, part of a last-gasp clampdown on the adversary's ability
to harness artificial intelligence for its military and tech
sector.
     
- U.S. President Joe Biden said on Wednesday that an oligarchy
and a tech industrial complex were taking hold in America,
warning of the risks of unchecked power in a farewell address
that served as a bittersweet coda to his 50-year political
career. 
     
- Short-selling company Hindenburg Research's founder Nate
Anderson is shutting down the firm citing the toll the work took
on his well-being. 
     
- Industrial materials maker DuPont  DD.N  said it will no
longer spin off its Water division, altering previous plans to
break up into three smaller publicly traded companies.
     
- Insurance company State Farm has abandoned its plan to run a
commercial in the coming Super Bowl, saying its focus is on
supporting Los Angeles residents as wildfires there continue
burning.
     
     - GoDaddy  GDDY.N  will implement new information-security
programs to settle charges that the technology platform failed
to secure its website-hosting services and protect its customers
from attacks, the Federal Trade Commission said Wednesday.

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