PRESS DIGEST- Wall Street Journal – Sept 8

Sept 8 (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.

– The Delaware judge steering the lawsuit over Twitter Inc on Wednesday said Elon Musk can amend his countersuit to incorporate allegations from a whistleblower complaint by the Twitter’s former head of security. https://on.wsj.com/3xsM4W3

– Cineworld Group PLC, the owner of Regal Cinemas, filed for chapter 11 petition Wednesday in the U.S. Bankruptcy Court in Houston after a sluggish recovery in theater admissions fell short of the company’s financial needs. https://on.wsj.com/3elwvbI

– Amylyx Pharmaceuticals Inc’s drug for amyotrophic lateral sclerosis, or ALS on Wednesday won the backing of Food and Drug Administration advisers who just months ago narrowly recommended against its approval. https://on.wsj.com/3BoKtTa

– Amazon.com Inc Chief Executive Andy Jassy said at the Code Conference that his company is slowing down the rate at which it is hiring new employees after the pandemic boom may have led to overexpansion. https://on.wsj.com/3exxMwD

– Alphabet’s Google News Showcase that pays publishers to feature their content is almost a year behind its intended launch schedule in the U.S. as negotiations with some media outlets have bogged down, people familiar with the situation said. https://on.wsj.com/3TTeL84

(Compiled by Bengaluru newsroom)

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