Press Digest: Wall Street Journal - October 21

Meta Platforms

Yesterday 06:47

Oct 21 (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.
     
- Elon Musk said on Tuesday a merger of his two companies SpaceX SPCX.O and Tesla TSLA.O would be "a good idea" and that they had formed special committees to discuss a union.
     
- Meta Platforms' META.O Chief Global Affairs Officer Joel Kaplan will leave the company next year after 15 years.
     
- Elon Musk last week ordered the slowdown of a military-grade version of SpaceX's Starlink satellite service that Ukraine relies on.
     
- Larry Ellison increased his borrowing and put up shares in Tesla, SpaceX and Paramount Skydance SKYD.N as he committed to help fund his son David's takeover of Warner Bros.
 
    - Optimum Communications OPTU.N is nearing a debt restructuring deal that would hand control of the US broadband provider to its lenders and resolve ongoing litigation between them.
 
    - EchoStar's ECHO.O bankrupt subsidiary, Hughes Network Systems, won interim court approval to maintain exclusive control over its Chapter 11 case, fending off a creditor group's bid to propose its alternative restructuring plan.
 
 

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