Press Digest: Wall Street Journal - May 23

PDC Energy

23/05/2023 05:54

May 23 (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.
    
    - TikTok Inc on Monday filed a lawsuit challenging the state
of Montana's new ban on use of the Chinese-owned app, the first
state to bar the popular short-video sharing service.
    
    - Activist investor TCS Capital Management has built a stake
in Yelp Inc  YELP.N  and is calling on the
service-recommendation site to explore strategic alternatives
including a sale, according to people familiar with the matter.
    
    - Meta Platforms Inc  META.O  was hit on Monday with a
record 1.2 billion euro ($1.3 billion) fine by European Union
regulators over the company's handling of user information and
given five months to stop transferring users' data to the United
States
    
    - President Joe Biden and House Speaker Kevin McCarthy could
not reach an agreement Monday on how to raise the U.S.
government's $31.4 trillion debt ceiling with just 10 days
before a possible default that could sink the U.S. economy, but
vowed to keep talking.
        
  
        - U.S. semiconductor toolmaker Applied Materials Inc
 AMAT.O  said on Monday it plans to spend up to $4 billion on a
research center in the heart of Silicon Valley to speed up
advances in semiconductor manufacturing.
        
  
        - Chevron Corp  CVX.N  said on Monday it is increasing
its U.S. oil and gas footprint by acquiring shale producer PDC
Energy Inc  PDCE.O   in a stock-and-debt transaction worth $7.6
billion. 

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