PRESS DIGEST-New York Times business news - March 26

Reuters
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PRESS DIGEST-New York Times business news - March 26

March 26 (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.

- A Los Angeles jury found Meta META.O and Alphabet's GOOGL.O Google negligent for designing social media platforms that are harmful to young people, in a $6 million verdict that will serve as a bellwether for numerous similar cases.

- Meta META.O laid off around 700 employees and unveiled a new stock program for six top executives.

- The U.S. Supreme Court ruled Cox Communications cannot be held liable for piracy by its internet service subscribers of songs owned by Sony Music 6758.T, Warner Music Group WMG.O, Universal Music Group UMG.AS and other labels, ending their billion-dollar-plus music copyright lawsuit.

- The White House will delay naming a new director for the Centers for Disease Control and Prevention past a Wednesday deadline and the current acting director, Jay Bhattacharya, will continue to oversee the agency.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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