PRESS DIGEST- Wall Street Journal - June 23

June 23 (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.

- Facebook parent Meta Platforms Inc said it has canceled its sponsorship agreement with the organization planning the federal government's commemoration of the 250th anniversary of the U.S. https://on.wsj.com/3yf0fif

- Comcast Corp's NBCUniversal and Alphabet Inc's Google have emerged as top contenders to work with Netflix Inc and help the streaming company create an advertising-supported tier of its service. https://on.wsj.com/3OhUuWm

- Tesla Inc's two newest car factories in Germany and Texas have been losing billions of dollars as supply-chain disruptions and battery-cell manufacturing challenges limit the company's ability to increase production, Elon Musk said. https://on.wsj.com/3bpdELC

- The U.S. Food and Drug Administration is investigating a new report of another child's death after consuming Abbott Laboratories' baby formula. It learned about the death, which occurred in January, from a consumer complaint it received on June 10. https://on.wsj.com/3xRd6FX

(Compiled by Bengaluru newsroom)