Press Digest: Wall Street Journal - September 22
PRESS DIGEST -Wall Street Journal - September 22 The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Meta Platforms META.O and Shopify SHOP.TO are teaming up, with plans to allow the social-media company’s personal artificial-intelligence agent to complete purchases on behalf of users with the e-commerce platform’s roster of stores.
- The Trump administration has proposed investing $5 billion in a new fund that would help Middle East countries rebuild energy infrastructure battered in the Iran war and reduce their reliance on the Strait of Hormuz to transport oil and gas.
- Western pharmaceutical companies are urging the administration to allow them to keep doing deals with Chinese companies for promising drug candidates, despite a 2025 law restricting US investment in Chinese technology.
- Private-equity firms Shamrock Capital and Flexpoint Ford have acquired Podium Entertainment, a book publisher focused on independent authors and audiobooks. They bought the publisher for north of $400 million
- CarMax KMX.N has slashed 145 white-collar jobs, about 4% of its corporate staff, a move that comes as auto sellers face the pain of high prices and rising interest rates.
(Compiled by Bengaluru newsroom)