Press Digest: Wall Street Journal - September 25
PRESS DIGEST -Wall Street Journal - September 25 Sept 25 (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.
- MGM Resorts International MGM.N is discussing making a bid to purchase Barry Diller’s People Incorporated PPLI.O, which owns a roughly 27% stake in MGM.
- Jeff Bezos has invested $30 billion in Blue Origin since founding it in 2000, including his latest infusion of $2 billion, as the Amazon.com founder tries to build a company to rival SpaceX.
- Swimming pool retailer Leslie’s LESL.O is preparing to file for chapter 11 bankruptcy as soon as next week after struggling with declining sales following a pandemic-induced boom.
- Amazon.com AMZN.O is scaling up production and plans to spend more than $100 million on a new robotics manufacturing facility in Greenwood, Indiana.
- BlackRock BLK.N has built three investment portfolios that will trade as digital tokens, marking the asset manager’s latest push to bring traditional assets to the alternative financial system that powers cryptocurrencies.
- Anthropic will pay Akamai Technologies AKAM.O at least $11.6 billion to use its cloud infrastructure and software over seven years in an expansion of the partnership between the two companies.
(Compiled by Bengaluru newsroom)
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