PRESS DIGEST - Wall Street Journal - Aug 22
Aug 22 (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.
- Australia’s buy-now-pay-later provider Zip ZIP.AX eyes U.S. listing is response to interest from large U.S. investors seeking greater exposure to a company benefiting from consumer uncertainty.
- The U.S. Supreme Court on Thursday allowed the Trump administration for now to withhold hundreds of millions of dollars in health research grants on topics the White House finds objectionable.
- Boston Federal Reserve Bank President Susan Collins in an interview with WSJ signaled an openness to an interest rate cut as soon as next month as she expects inflation to continue rising through the end of the year before resuming a earlier decline in 2026.
- Comcast-owned CMCSA.O NBCUniversal is in advanced talks with the Major League Baseball to carry games on NBC and the Peacock streaming service in a three-year deal approaching $200 million annually.
- The Trump administration is considering taking equity stakes in companies receiving funds from the 2022 CHIPS Act but has no plans to seek shares in bigger semiconductor firms that are increasing their U.S. investments.
- ChatGPT maker OpenAI is planning to open its first office in India this year, part of its push to meet growing demand for artificial intelligence in one of its biggest markets.
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