Press Digest: New York Times business news - July 23

SM Entertainment Co

23/07/2024 05:20

July 23 (Reuters) - The following are the top stories on
the New York Times business pages. Reuters has not verified
these stories and does not vouch for their accuracy.
    
    - Warner Bros Discovery  WBD.O  said on Monday that it had
matched a rival offer from Amazon  AMZN.O  to air NBA games, a
move aimed at allowing the company to keep the lucrative
broadcast rights it has held for decades.
    
    - A Congressional committee called on the chief executive of
CrowdStrike  CRWD.O  to testify at a hearing about its role in a
tech outage that roiled the global economy, in one of the first
attempts to hold the cybersecurity company responsible.
    
    - The U.S. Olympic and Paralympic Committee sued Prime
Hydration, founded by YouTubers Logan Paul and KSI, for
allegedly using Olympic trademarks like "Olympic" and "Team USA"
to promote their sports drink without permission.
    
    - The billionaire founder of South Korean technology giant
Kakao  035720.KS , Kim Beom-Su, was arrested on Tuesday on
allegations of stock manipulation related to the company's
investment in SM Entertainment  041510.KQ , one of the country's
largest K-pop agencies.

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