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Press Digest: Wall Street Journal - July 31

PRESS DIGEST -Wall Street Journal - July 31

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- British energy major BP BP.L said it is launching a sales process for its U.K. North Sea business as part of a review of its assets.

- Canada’s Alimentation Couche-Tard ATD.TO plans to acquire Poland's largest convenience retailer Zabka ZAB.WA for about $8.7 billion to expand its footprint in central and eastern Europe.

- Leopold Aschenbrenner's hedge-fund firm Situational Awareness is down around 67% so far in July after incurring heavy losses on AI stocks. The deep losses prompted the firm to sell the bulk of its stock holdings to Ken Griffin’s investment firm Citadel.

- Some Tesla TSLA.O executives have been told to prepare for a separation of the China business ahead of a potential SpaceX SPCX.O merger. Tesla advisers have discussed possible options for a separation, including a spin-off, sale or closure of the China business.

- Anthropic said that the software it was testing got onto the internet and hacked unsuspecting companies without the AI-maker’s knowledge in three separate incidents dating back to April.

- Data-center developer Nexus Data Centers working with Anthropic, is in advanced talks to borrow $15 billion to build a massive new campus and power plant in Texas, with Google GOOGL.O providing financial guarantees and chips.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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