PRESS DIGEST- New York Times business news - July 1
July 1 (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.
- Paramount Global PARA.O and U.S. President Donald Trump are engaged in "good faith, advanced, settlement negotiations" to resolve a lawsuit filed by Trump against CBS in October, alleging the network deceptively edited a "60 Minutes" interview with then-vice president Kamala Harris.
- Tesla TSLA.O chief executive Elon Musk called for the formation of a new political party and suggested he would back primary challengers against nearly every single Republican in Congress.
- U.S. President Donald Trump's administration appealed a federal judge's decision to strike down an executive order targeting law firm Perkins Coie over its past legal work for Hillary Clinton and others.
- President Trump stepped up his pressure on the U.S. Federal Reserve to lower borrowing costs, accusing its chair, Jerome H Powell, in a handwritten note of costing the country “a fortune” and demanding that he cut interest rates “by a lot.”
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