Press Digest: New York Times business news - October 22

Meta Platforms

Today 05:52

Oct 22 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
     
- A judge in New Mexico ordered Meta Platforms META.O to pay the state $25 billion after a jury found the company had misled consumers about the privacy of their data, hitting the company with one of the largest financial penalties in US history.
     
- Elon Musk said that SpaceX SPCX.O and Tesla TSLA.O were exploring a merger, which would consolidate his interests in rockets, electric cars and artificial intelligence into a multitrillion-dollar behemoth.
     
- With soaring heating-oil prices becoming a political issue, the United States said that it would tap its strategic reserves to help ease the energy crunch.
     
- General Motors GM.N said that it was starting to use AI to halve the time it took to design a new vehicle to as little as two years.

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