PRESS DIGEST-Wall Street Journal - Oct 5
Reuters · 14 Nov 2022 285 Views

Oct 5 (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.

- Elon Musk has offered to close his acquisition of Twitter Inc on the terms he originally agreed to, a sudden and unexpected comedown for the billionaire entrepreneur that could end a months-long battle he waged to get out of the $44 billion deal.

- Facebook parent Meta Platforms Inc plans to shrink some of its offices as many of its employees continue to do their jobs from home, the latest big company to reassess its real estate in the hybrid-work era.

- U.S. new tax-break scheme for electric vehicles has drawn angry responses from the country's key allies in Asia and Europe, highlighting a tension between government support for the domestic automobile industry and courting allies to counter China's influence.

- Bayer AG is on a winning streak as it battles the remaining cases targeting its Roundup weedkiller, a change after several juries had held it responsible for causing cancer and the company set aside about $16 billion for settlements.

- Alphabet Inc's Google will pay the state of Arizona $85 million to settle a 2020 lawsuit in which the search giant was accused of deceiving users by recording their locations even after they tried to turn off the company's tracking on their smartphones and web browsers. (Compiled by Bengaluru newsroom)

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