Press Digest: Wall Street Journal - May 2
02/05/2024 05:42
May 2 (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.
- Microsoft MSFT.O will invest $2.2 billion in cloud and
artificial-intelligence infrastructure in Malaysia.
- Federal Reserve Chair Jerome Powell tried to keep the
central bank's options open on Wednesday by sticking with his
view that interest rates are restrictive and that inflation was
likely to resume its decline.
- Exxon Mobil XOM.N is set to close its $60 billion
megadeal for Pioneer Natural Resources PXD.N following an
agreement with antitrust enforcers not to add former Pioneer
Chief Executive Officer Scott Sheffield to its board of
directors.
- The U.S. Congress aggressively questioned UnitedHealth
Group's UNH.N response to the hacking of its Change Healthcare
unit in hearings on Wednesday, criticizing the company's
cybersecurity preparations and asking whether its size puts the
healthcare sector at risk.
- Emergent BioSolutions EBS.N is closing several
manufacturing facilities and cutting hundreds of jobs as part of
a restructuring as the company narrows its focus on products,
including Narcan nasal spray.
- The Commodity Futures Trading Commission has named Ted
Kaouk as its first chief artificial intelligence officer,
responding to the President Biden administration's push to
govern the use of AI across the federal government.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))