June 4 (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.
- Several traditional and electric-vehicle makers — and their suppliers — are considering shifting some auto parts manufacturing to China to avoid looming factory shutdowns given China's stranglehold on rare-earth magnets.
- The White House sent Congress a $9.4 billion rescission package on Tuesday that would codify some spending cuts made by the Trump administration, effectively asking lawmakers to reverse spending they previously voted into law.
- Post Holdings POST.N agreed to buy 8th Avenue Food & Provisions for $880 million, which includes assumed debt, reuniting the company with some private brands it previously owned.
- SpaceX's chief executive, Elon Musk said Tuesday on X that the Texas-based company is expected to generate about $15.5 billion in revenue in 2025.
- North Face VFC.N and Cartier CFR.S in recent days told customers that their names and email addresses had been stolen. Another cyber intrusion prompted Victoria's Secret VSCO.N to shut down its website for three days and postpone the quarterly earnings announcement that it had planned for this week.
- Meta META.O is turning to nuclear power for the massive amounts of electricity it needs to fuel its artificial-intelligence ambitions.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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