Press Digest: Wall Street Journal - November 11
PRESS DIGEST -Wall Street Journal - November 11 Nov 11 (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.
- SoftBank Group 9984.T signaled a more cautious approach to AI investments after posting a $7.1 billion quarterly loss, hit by data-center equipment charges and declines in portfolio holdings including Coupang CPNG.N.
- Barrick Mining ABX.TO said it had filed for a US listing of a minority stake in its North American gold assets, offering a minority stake in a company under the name American Barrick Gold.
- OpenAI said its revenue rose about 50% quarter-on-quarter to $10 billion in the third quarter, though the AI startup remained deeply loss-making as it sought to narrow the gap with rival Anthropic ANT.O.
- US Defense Secretary Pete Hegseth survived an impeachment effort in the House on Tuesday after Republican lawmakers voted to block a measure seeking to prosecute him over his actions as Pentagon chief.
- Nvidia NVDA.O said law firm Wachtell Lipton would lead an independent investigation into whether the company was targeted by a foreign espionage effort.
- Smart-ring maker Oura said it would acquire virtual primary care company Counsel Health for $625 million in cash, as it expands its healthcare offerings ahead of a potential public listing.
(Compiled by Bengaluru newsroom)