PRESS DIGEST -Wall Street Journal - Jan 16

Jan 16 (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.

- The Biden administration rolled out a flurry of new restrictions on Chinese companies and their access to advanced chips, part of a last-gasp clampdown on the adversary's ability to harness artificial intelligence for its military and tech sector.

- U.S. President Joe Biden said on Wednesday that an oligarchy and a tech industrial complex were taking hold in America, warning of the risks of unchecked power in a farewell address that served as a bittersweet coda to his 50-year political career.

- Short-selling company Hindenburg Research's founder Nate Anderson is shutting down the firm citing the toll the work took on his well-being.

- Industrial materials maker DuPont DD.N said it will no longer spin off its Water division, altering previous plans to break up into three smaller publicly traded companies.

- Insurance company State Farm has abandoned its plan to run a commercial in the coming Super Bowl, saying its focus is on supporting Los Angeles residents as wildfires there continue burning.

- GoDaddy GDDY.N will implement new information-security programs to settle charges that the technology platform failed to secure its website-hosting services and protect its customers from attacks, the Federal Trade Commission said Wednesday.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))