Meta, TikTok Could Face Civil Liability for Addicting Children in California 

Social-media companies are lobbying to stop a first-in-the-nation proposal allowing government attorneys to sue them for features alleged to cause addiction among minors.

Musk Has Twitter's Data, but Getting Answers on Spam Accounts May Be Tougher 

Elon Musk has access to the Twitter data that he said was needed to complete his deal, but data scientists and specialists doubt the stream will provide the conclusive answers he seeks about phony accounts.

Publisher Gives Away Books It Thinks May Help People Bridge Political Divisions 

Simon & Schuster said it would let people download ebook or audiobook versions of "High Conflict" and "Let's Talk About Hard Things" until the end of July.

Recalled Sleep-Apnea Machines Pass Key Safety Tests, Philips Says 

The Dutch healthcare conglomerate said its DreamStation One sleep-apnea device passed safety tests conducted by independent laboratories, but that the sound-dampening foam inside the machines could be harmful if it enters the body.

EY Paying $100 Million to Settle Probe of Auditors Cheating on Ethics Exams 

Ernst & Young agreed to pay a record $100 million fine and to admit that some of its auditors cheated on required ethics exams in recent years.

Ericsson's Deal to Buy Vonage Is Focus of Cfius Probe 

The Committee on Foreign Investment in the U.S. is reviewing Ericsson's proposed $6.2 billion acquisition of Vonage, Ericsson said, adding another regulatory challenge for the Swedish telecom-equipment giant in Washington.

Steelmakers Avoid Russian Components but Bargain Hunters Swoop In 

Many European steelmakers have said they would avoid Russia-sourced raw materials, but import volumes of some Russian steelmaking ingredients into Europe are surging anyway.

Toshiba Shareholders Vote to Add Activist Investors to Board 

Toshiba shareholders approved the company's proposal to invite representatives from two foreign activist funds onto its board, a move which may help speed the transition of the troubled industrial conglomerate.

BHP Expects to Spend $4 Billion on Emissions Reduction Through 2030 

BHP Group Ltd. expects to spend roughly $4 billion on cutting its greenhouse gas emissions through to 2030, at the top end of earlier estimates by the company.

Thai Life Insurance Seeks to Raise More Than $1 Billion in IPO 

Thai Life Insurance Co. plans to raise more than $1 billion through an initial public offering in Thailand, which if successful would be the country's largest such fundraising so far this year.


(END) Dow Jones Newswires

June 28, 2022 09:00 ET (13:00 GMT)

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