Press Digest: Wall Street Journal - June 4

Hitachi Construction Machinery

04/06/2024 05:54

June 4 (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.
    
    - E*Trade is considering telling meme-stock leader Keith
Gill he can no longer use its platform over concerns about
potential stock manipulation around his recent purchases of
GameStop  GME.N . 
    
    - New York plans to prohibit social media companies from
using algorithms to steer content to children without parental
consent under a tentative agreement reached by state lawmakers. 
    
    - Vehicle-tracking software business CalAmp has filed for
Chapter 11 bankruptcy with a proposed restructuring deal that
will allow secured lender Lynrock Lake to swap its $229 million
in bonds for equity.
    
    - Spotify Technology  SPOT.N  is testing the loyalty of its
customer base by raising prices for the second time this year as
it aims to become more consistently profitable, sending shares
higher in early trading.
        
  
        - Hitachi  6305.T  and Microsoft  MSFT.O  announced a
multibillion-dollar collaboration to accelerate the adoption of
generative artificial intelligence, the latest in a series of
partnerships and investments the two companies are undertaking.
        
  

        
  
        
  

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