PRESS DIGEST - Wall Street Journal - Dec 12

Reuters
Dec 12, 2024
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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10