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PRESS DIGEST- New York Times business news - April 30
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PRESS DIGEST- New York Times business news - April 30
Apr 29, 2024 11:15 PM

April 30 (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's ( PARAA ), CEO Bob Bakish is stepping

down effective immediately and will be replaced by an "office of

the C.E.O." run by three executives, Paramount announced.

- Skydance, which has been in talks to merge with Paramount

in recent days offered to provide the combined company with a $3

billion cash infusion.

- Philips Respironics has reached a $1.1 billion settlement

over claims that people who used their CPAP and other breathing

devices were harmed by noxious gasses and flecks of foam that

lodged in their airways.

- New federal safety regulation will require all new cars

and trucks in the United States to be sold with automatic

emergency braking, sensors that hit the brakes to avoid a

collision if the driver does not.

(Compiled by Bengaluru newsroom)

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