Exxon Holds Firm on Its Five-Year Spending Outlook 

The oil company is resisting the Biden administration's call for more investment to expand production and curb pump prices.

Amazon Launches TikTok-Style Feed in Push to Accelerate Social Shopping 

The tech company joins its U.S. peers in capitalizing on the popularity of the short-video format.

FDA Authorizes Updated Covid-19 Vaccines for Children as Young as 6 Months 

Under the decision, certain children 6 months through 5 years can get the updated boosters, which target two Omicron offshoots as well as the original strain of the coronavirus.

New York Times Staffers Go on One-Day Strike Amid Stalled Contract Talks 

The strike by more than 1,000 New York Times staffers puts the organization in the position of having to cover news for one day without the majority of its reporters.

Disney+ With Ads Goes Live 

Walt Disney is charging $7.99 a month for the version of Disney+ with ads, while the ad-free version will now cost $10.99 a month.

Blue Apron Lays Off 10% of Corporate Workforce 

The meal-kit company said it plans to cut spending on marketing, consulting and labor in 2023.

SpaceX Courts Military With New Starshield Project 

The Elon Musk-led company is stepping up its efforts to win more national-security business after years of keeping its work under wraps.

Tesla Sales of Chinese-Made Cars Hit Record, as Nation's Auto Market Shrinks 

China's overall November car sales slump is likened to that of 2008 financial crisis.

Judge to Hear FTC's Bid to Block Meta Deal 

Facebook's parent company faces an antitrust fight over its proposed purchase of startup Within Unlimited.

Foxconn Letter Prodded China to Ease Zero-Covid Rules 

The founder of the world's largest iPhone assembler warned that the government's strict policies would threaten its position in global supply chains.


(END) Dow Jones Newswires

December 08, 2022 13:15 ET (18:15 GMT)

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