Press Digest: Wall Street Journal - July 1
01/07/2025 09:48
Corrects Renault's Refinitiv Instrument Code and removes reference to UK's Renold in paragraph 7
July 1 (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.
- California lawmakers on Monday night rolled back one of the most stringent environmental laws in the country, after Gov. Gavin Newsom muscled through the effort in a dramatic move to combat the state's affordability crisis.
- Amazon AMZN.O, which has spent years automating tasks previously done by humans in its facilities, has deployed more than one million robots in those workplaces, Amazon said.
- Boeing's BA.N top finance executive is stepping down after a tumultuous four years for the jet maker, the latest high-profile leader to leave since Chief Executive Kelly Ortberg took over last year.
- Elliott Investment Management and Elliott Advisors wants Sumitomo Realty & Development 8830.T to work with them on improving the shareholder returns.
- President Trump on Monday signed a presidential memorandum to restore hard-line U.S. policy toward Cuba, reversing the Biden administration's late-term efforts to ease some restrictions on the communist-run island.
- Renault RENA.PA said it would book a 9.5 billion euro ($11.20 billion) non-cash loss in the first half as a result of changes in the way it accounts for its stake in Nissan Motor 7201.T.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))