PRESS DIGEST - Wall Street Journal - Aug. 30
Aug 30 (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.
- Saudi Arabian Oil Co <IPO-ARMO.SE> is considering a plan to split the world's largest IPO into two stages, offering a portion of its shares on the Saudi stock exchange later this year and following up with an international offering in 2020 or 2021. https://on.wsj.com/2zxhqfw
- A proposed deal for Purdue Pharma LP to resolve more than 2,000 lawsuits over its role in the opioid crisis is facing pushback from a vocal group of state attorneys general who say it doesn't bring in enough cash to satisfy their demands. https://on.wsj.com/2UgNnSV
- The Federal Trade Commission is investigating whether e-cigarette startup Juul Labs Inc used influencers and other marketing to appeal to minors, ratcheting up pressure on a company whose products are blamed for a rise in vaping among teens. https://on.wsj.com/2zzYHQp
- U.S. prosecutors are looking into additional instances of alleged technology theft by Huawei Technologies Co Ltd, potentially expanding beyond existing criminal cases against the Chinese telecommunications giant. https://on.wsj.com/2MKMJvZ
- The battle over a California bill that could upend the business models of companies that rely on gig workers intensified Thursday when ride-sharing giants Uber Technologies Inc and Lyft Inc and delivery service DoorDash Inc threatened to spend a combined $90 million on a ballot measure if a deal can't be reached this year. https://on.wsj.com/2HxmYeq
(Compiled by Bengaluru newsroom)
