PRESS DIGEST- New York Times business news - June 4
June 4 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Facebook plans to announce on Friday that it will no longer keep posts by politicians up on its site by default if their speech breaks its rules, said two people with knowledge of the company's plans. https://nyti.ms/3vR0BrD
- The White House announced on Thursday that it would distribute an initial 25 million doses of coronavirus vaccine this month across a "wide range of countries" in Latin America and the Caribbean, South and Southeast Asia, and Africa, as well as the Palestinian territories, war-ravaged Gaza and the West Bank. https://nyti.ms/3vQdhiz
- Billionaire investor Bill Ackman's special purpose acquisition company Pershing Square Tontine Holdings is nearing a deal to take a 10% stake in the Universal Music Group that would value the company behind Taylor Swift, Lady Gaga and Kendrick Lamar at about $40 billion, two people briefed on the situation said. https://nyti.ms/2TGjVJX
- General Motors said on Thursday that it expected to increase shipments of pickup trucks and other vehicles to dealers over the next several weeks, a sign that the global shortage of computer chips is beginning to ease. https://nyti.ms/3pntsl0 (Compiled by Bengaluru newsroom)
