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PRESS DIGEST-New York Times business news - September 30

ReutersSep 30, 2025 6:32 AM

- 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.

- Alphabet-owned GOOGL.O YouTube has agreed to pay $24.5 million to settle a lawsuit that U.S. President Donald Trump brought against the company over the suspension of his account following the January 2021 U.S. Capitol riots, a court filing showed on Monday.

- Trump said he was slapping 10% tariffs on imported timber and lumber and 25% duties on kitchen cabinets, bathroom vanities and upholstered furniture, continuing his tariff assault on global trading partners.

- CSX Corp CSX.O has named veteran executive Steve Angel its CEO, replacing Joe Hinrichs, as the U.S. railroad operator fends off pressure from an activist investor against the backdrop of rapid consolidation in the industry.

- Videogame developer Electronic Arts EA.O has agreed to sell itself to a group of private investors in a deal that values the maker of "Battlefield" and "Madden NFL" at $55 billion, which if completed would be the largest leveraged buyout in history.

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