Press Digest: Wall Street Journal - Sept 11

Hostess Brands

11/09/2023 07:44

Sept 11 (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.
      
    - Twinkies owner Hostess Brands  TWNK.O   is closing in on a
sale to J.M. Smucker  SJM.BLUE , a move that would marry the two
big names in snacks, according to people familiar with the
matter.
    
    - Activist investor Jonathan Litt is again seeking board
changes at Ventas  VTR.N , the big owner of senior-housing
communities, according to a letter it plans to send the
company's shareholders that was viewed by The Wall Street
Journal.
    
    - Facebook parent Meta Platforms  META.O  is working on a
new artificial-intelligence system intended to be as powerful as
the most advanced model offered by OpenAI, the Microsoft-backed
startup that created ChatGPT, according to people familiar with
the matter. 
        
  
        - Instacart is targeting a valuation of roughly $8.6
billion to $9.3 billion in its imminent IPO, a fraction of what
the grocery-delivery company was previously worth, according to
people familiar with the matter.
        
  
        
  

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