PRESS DIGEST- New York Times business news - May 30

Reuters
05-30
PRESS DIGEST- New York Times business news - May 30

May 30 (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.

- The U.S. Securities and Exchange Commission on Thursday voluntarily dismissed its civil lawsuit against Binance, the world's largest cryptocurrency exchange, extending the regulator's new approach to cryptocurrencies since President Donald Trump reentered the White House.

- The Trump administration has canceled a contract awarded to Moderna MRNA.O for the late-stage development of its bird flu vaccine for humans, as well as the right to purchase shots.

- The New York Times NYT.N has allowed Amazon AMZN.O to use its editorial content for artificial intelligence products such as Alexa, marking the publisher's first licensing deal tied to generative AI.

- A U.S. appeals court reinstated President Donald Trump's sweeping tariffs, a day after most of the tariffs were blocked by a trade court.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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