PRESS DIGEST - Wall Street Journal - Dec 12

Reuters
2024/12/12
PRESS DIGEST - Wall Street Journal - Dec 12

Dec 12 (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.

- Meta Platforms META.O has donated $1 million to U.S. President-elect Donald Trump's inaugural fund, the latest step by CEO Mark Zuckerberg to bolster his once-fraught relationship with the incoming President.

- A U.S. federal appeals court rejected Nasdaq's yearslong push to set racial and gender targets for the boards of its listed companies, dealing a major blow to one of most prominent efforts to promote diversity in corporate America.

- David Bonderman, who went on to co-found private-equity firm TPG TPG.O died on Wednesday at 82 years old.

- U.S. President-elect Donald Trump's pledge to slap a 25% tariff on imports from Canada in his first days in office represents a wild card that threatens to fuel widespread disruption in the Canadian economy, Bank of Canada Gov. Tiff Macklem said Wednesday.

- A U.S. Senate bill, sponsored by senators Elizabeth Warren and Josh Hawley, would force the companies that own health insurers or pharmacy-benefit managers to divest their pharmacy businesses within three years.

- Microsoft MSFT.O will record an $800 million impairment charge tied to its minority investment in General Motors' GM.N now-scrapped Cruise robotaxi program.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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