Press Digest: New York Times business news - Aug. 15

WK Kellogg Co

15/08/2024 06:38

Aug 15 (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.
    
    - Mars, the company behind M&M's and Snickers, has agreed to
acquire Kellanova  K.N , the snack food business spun off by
Kellogg's  KLG.N  last year, in a $36 billion deal that will
create a new global food giant.
    
    - Cisco Systems  CSCO.O , one of the largest makers of
computer networking equipment, said on Wednesday that it would
cut 7% of its work force in its second major round of layoffs
this year.
    
    - One of China's leading autonomous driving start-ups,
WeRide, a $5 billion software maker, is set to go public in New
York as soon as this week.
    
    - A California bill that could impose restrictions on
artificial intelligence (AI) has tech companies, investors and
activists scrambling to explain what the first-of-its-kind
legislation could mean for their industry in the state. 
    
    - U.S. Vice President Kamala Harris will call for a federal
ban on corporate price gouging on groceries in a speech laying
out her economic agenda on Friday, campaign officials said late
Wednesday, in an effort to blame big companies for persistently
high costs of American consumer staples.
    
    - The rapid spread of mpox, formerly called monkeypox, in
African countries constitutes a global health emergency, the
World Health Organization declared on Wednesday.

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