PRESS DIGEST - Wall Street Journal - September 5

ReutersSep 5, 2025 4:58 AM

Sept 5 (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.

- Rivian RIVN.O is laying off workers as the company is trying to reduce costs ahead of the launch of a more affordable sport-utility vehicle next year.

- Skydance's Paramount PSKY.O is requiring employees at the vice president level or below in New York and Los Angeles to return to the office five days a week starting in January.

- The U.S. government filed two lawsuits against Southern California Edison, blaming the utility's equipment for sparking two wildfires, including the Eaton Fire in January that damaged National Forest System lands.

- Cerence AI CRNC.O filed a lawsuit against Apple AAPL.O, alleging the technology giant was using its technology in certain iPhones and iPads without seeking a license.

- Garage Beer, a light-beer maker backed by football stars Travis and Jason Kelce, claimed a $200 million valuation in its first funding round.

- The U.S. is preparing to renegotiate the U.S.-Mexico-Canada Agreement deal with Mexico and Canada, with consultations starting soon.

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