Press Digest: Wall Street Journal - Dec 5

Yellow

05/12/2023 07:55

Dec 5 (Reuters) - Following are the top stories in the
Wall Street Journal. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    - Drugstore chain CVS Health  CVS.N  will move away from the
complex formulas used to set the prices of the prescription
drugs it sells, shifting to a simpler model that could upend how
American pharmacies are paid. 
    
    - Meta Platforms  META.O  and IBM  IBM.N  launched a
coalition of more than 50 artificial intelligence companies and
research institutions whose members include Intel  INTC.O ,
Oracle  ORCL.N , Cornell University and the National Science
Foundation. 
    
    - Self-driving trucking company TuSimple Holdings  TSP.O 
said Monday that it is winding down its U.S. business, reducing
its workforce to about 30 people. 
    
    - Yellow  YELLQ.PK  is set to raise more than $2 billion
after a bankruptcy auction that will disperse much of its
national network of truck terminals among rivals. 
        
  
        - AT&T  T.N  struck a deal with Ericsson  ERICb.ST  to
buy up to $14 billion of its hardware and services and said on
Monday it chose it to build a telecom network that uses only
so-called ORAN technology and which will cover 70% of its
wireless traffic in the United States by late 2026. 
        
  
        - Spotify  SPOT.N  is preparing to lay off 17% of its
workforce or about 1,500 employees in the Stockholm-based 
company’s third round of layoffs this year. 
        
  

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