PRESS DIGEST- New York Times business news - February 20
Feb 20 (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.
- Apple AAPL.O has unveiled the iPhone 16e, priced at $599, featuring AI capabilities called Apple Intelligence, and replacing the iPhone SE as the company's most affordable model.
- Nikola NKLA.O, the electric truck maker, has filed for bankruptcy protection, struggling with financial and operational challenges despite initial investor enthusiasm and efforts to produce hydrogen-powered trucks.
- Microsoft MSFT.O has developed a new state of matter to create "topological qubits" for quantum computers, potentially revolutionizing technology by solving complex problems more efficiently than classical computers.
- KFC is relocating its corporate headquarters from Kentucky to Texas, ending decades of association with its home state, to enhance collaboration among Yum Brands' YUM.N companies and benefit from Texas' business-friendly environment.
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