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PRESS DIGEST- New York Times business news - July 3
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PRESS DIGEST- New York Times business news - July 3
Jul 2, 2024 9:50 PM

July 3 (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.

- Shari Redstone's National Amusements has reached a

preliminary deal to sell its controlling interest in Paramount

Global ( PARAA ) to David Ellison's Skydance Media, the New York

Times reported on Tuesday, citing four people familiar with the

negotiations.

- The Biden administration awarded $504 million on Tuesday

to a dozen projects across U.S. in a bid to transform

communities that had been overlooked in the past into

technological powerhouses.

- The U.S. Food and Drug Administration on Tuesday approved

Eli Lilly's ( LLY ) treatment for early Alzheimer's, making it

the second therapy for slowing progression of the brain-wasting

disease that will be available to U.S. patients.

- Top Democrats in Congress met on Tuesday with Haiti's new

prime minister, Garry Conille, and pledged to push for

additional assistance from Biden administration days after a

U.S. backed international police mission arrived on the

Caribbean island to restore stability to a country that for

months has been under siege by criminal gangs.

(Compiled by Bengaluru newsroom)

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