Press Digest: Wall Street Journal - August 1

New Relic

01/08/2023 07:18

Aug 1 (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.
    
    - CVS Health  CVS.N  said it is shedding about 5,000 jobs to
help reduce costs as the retail pharmacy giant sharpens its
focus on healthcare services.
    
    - Online betting firm Flutter Entertainment  FLTRF.L  and
broadcaster Fox Corporation  FOXA.O  will close U.S. sports
betting platform FOX Bet.
    
    - New Relic  NEWR.N  said it has agreed to be taken private
by TPG  TPG.O  and Francisco Partners in a $6.5 billion all-cash
deal.
    
    - Workers dismantled a giant X sign from the top of the San
Francisco headquarters of the company formerly known as Twitter
after residents complained and the city issued a violation
notice for lack of a permit.
        
  
        - The Biden administration will keep the headquarters
for U.S. Space Command in Colorado, reversing a Trump-era plan
to move it to Alabama.
        
  
        - Republican presidential candidate Ron DeSantis said if
elected he would look at a national ban of TikTok, the popular
video sharing app, citing a growing threat to the U.S. from
China.

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