News Highlights: Top Company News of the Day
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
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
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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