PRESS DIGEST- New York Times business news - March 5

March 5 (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.

- A U.S. court denied billionaire entrepreneur Elon Musk the preliminary injunction he was seeking against ChatGPT-maker OpenAI's efforts to convert into a for-profit firm.

- The U.S. Consumer Financial Protection Bureau told a federal court it was dropping a lawsuit filed in December against three of the nation's largest banks over their handling of the payment service Zelle.

- Canada and China swiftly condemned the U.S. tariffs and announced retaliatory tariffs against American exports. Mexico's President Claudia Sheinbaum said that if the U.S. tariffs were still in place on Sunday, she would announce countermeasures as well.

- Broadcaster ABC said the Oscars audience declined by about 8% this year compared with last year, citing Nielsen data.