PRESS DIGEST- Wall Street Journal - Nov 9
Nov 9 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- Hollywood actors reached a tentative agreement with major studios on Wednesday to resolve the second of two strikes that rocked the entertainment industry this year as workers demanded higher pay in the streaming TV era.
- Morgan Stanley's wealth management is being scrutinized by the U.S. Federal Reserve, which is looking into whether the bank has sufficient controls in place to prevent rich foreign customers from laundering money.
- Business software maker SolarWinds is denying charges that it lacked adequate cybersecurity controls in the build up to a significant hack of its products in 2020 after the U.S. Securities and Exchange Commission sued the company last month.
- Jack Cooper Transport, a specialized operator that hauls automobiles for carmakers, plans to submit a bid backed by $1 billion in financing and support from the Teamsters union and some U.S. lawmakers that would halt the liquidation of trucking giant Yellow Corp and seek to resurrect the shuttered business.
- U.S. drug regulators have approved expanding the use of Eli Lilly’s diabetes drug Mounjaro to include the treatment of obesity.
- More than a year after Amazon.com agreed to buy One Medical, an in-person and virtual primary care practice, the company is cutting the telehealth service's price for a second time for Prime members.
(Compiled by Bengaluru newsroom)
