Press Digest: Wall Street Journal - Aug. 17

Tower Semiconductor

17/08/2023 06:02

Aug 17 (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.
    
    -  Alphabet's  GOOGL.O  health science unit, Verily Life
Sciences, is planning additional expense cuts after losing more
money than expected so far this year
    
    - Paramount Global  PARA.O  dropped its plans to sell a
majority stake in BET Media Group, which includes the VH1 and
BET cable networks and BET+ streaming service.
    
    - Hawaiian Electric Industries  HE.N  is speaking with
restructuring advisory firms to address financial and legal
challenges over its potential liabilities in the wake of the
Maui wildfires.
    
    - Walmart Inc  WMT.N  promoted Kathryn McLay, CEO of its
Sam's Club unit, to head its $100 billion international business
succeeding Judith McKenna, who is retiring after 27 years with
the company.
        
  
        - Access to the abortion pill mifepristone must be
restricted, a U.S. appeals court ruled ordering a ban on
telemedicine prescriptions and shipments of the drug by mail,
though the decision will not immediately take effect.
        
  
        - Intel Corp  INTC.O  scrapped its $5.4 billion deal to
buy Israeli contract chipmaker Tower Semiconductor Ltd  TSEM.TA 
after their merger agreement expired without regulatory approval
from China.
        
  
        
  

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