Press Digest: Wall Street Journal - December 2

Shopify

02/12/2025 05:16

Dec 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.

- Costco COST.O has sued the U.S. government to ensure it will receive refunds if the Supreme Court rejects President Donald Trump's bid for sweeping authority to impose tariffs.

- Apple AAPL.O named veteran researcher Amar Subramanya as its vice president of AI, replacing John Giannandrea.

- The Trump administration has agreed to take a stake in xLight - a startup seeking to develop free-electron lasers viewed as key to making faster computing chips.

- Warner Bros Discovery WBD.O was fielding a second round of bids, including a mostly cash offer from Netflix NFLX.O, in an auction that could conclude in the coming days or weeks

 - Shopify SHOP.TO said it had fixed certain issues related to logging in to the online shopping platform that impacted thousands of customers and several small businesses on Cyber Monday.

 - The Federal Aviation Administration sent letters to airlines seeking information about steps they took to follow an early November order to reduce flying into 40 major airports.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))