PRESS DIGEST -Wall Street Journal - February 4

Reuters
02/04
PRESS DIGEST -Wall Street Journal - February 4

Feb 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.

- Investors' fears that new developments in artificial intelligence will supplant software reverberated through the stock market, dragging down the shares of companies that develop, license and even invest in code and systems.

- A KKR KKR.N and Singapore Telecommunications STEL.SI consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the companies said, in an intensifying race for AI capacity

- Canada estimates that officials will aim to recover "hundreds of millions of dollars" from Stellantis STLAM.MI and General Motors GM.N after the companies scaled back production in the country, Industry Minister Melanie Joly said.

- Netflix NFLX.O Co-Chief Executive Ted Sarandos defended the streaming company's planned $72 billion acquisition of Warner Bros. WBD.O and HBO Max at a Senate hearing that occasionally grew contentious.

- U.S. President Donald Trump's call for Republicans to "nationalize" elections drew pushback from lawmakers, including from a few Republicans, as Democrats voiced fresh concern that he intends to interfere with the November midterms that will determine control of Congress.

- New York and New Jersey sued the Trump administration seeking an emergency court order to force the restoration of funding for the massive $16 billion Hudson River tunnel before construction is set to halt on Friday.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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