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PRESS DIGEST - Wall Street Journal - Jan 3

ReutersJan 3, 2025 7:22 AM

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Investigators believe the U.S. Army veteran who drove a pickup truck into a New Orleans crowd acted alone, and they have found no link between the deadly attack in New Orleans and the explosion of a Tesla Cybertruck in Las Vegas driven by another servicemember.

- A U.S. federal appeals court on Thursday dealt a fatal blow to the Federal Communications Commission's decade-long effort to gain stronger internet oversight, ruling that the agency lacked authority to regulate wireless and home-broadband services under existing telephone service rules.

- U.S. tech giant Meta Platforms META.O is replacing its chief policy Clegg with his Republican deputy Joel Kaplan, a former George W. Bush aide, marking the tech industry's latest move to align itself with the incoming Trump administration.

- Tesla's TSLA.O annual vehicle deliveries fell in 2024 for the first time in more than a decade, after a surge of promotional deals in the fourth quarter failed to stimulate sales enough to top the prior-year results.

- Do Kwon, the creator of a pair of cryptocurrencies that collapsed in a $40 billion crash in 2022, pleaded not guilty to fraud charges during his first appearance in a U.S. courtroom since being extradited from the Balkan country of Montenegro.

- Officials on Thursday positively identified the person found dead inside the Cybertruck that exploded outside the Trump International Hotel in Las Vegas as a U.S. Army soldier from Colorado, while the FBI said it was not yet clear if the blast was an act of terrorism.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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