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PRESS DIGEST- Wall Street Journal - May 8
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PRESS DIGEST- Wall Street Journal - May 8
May 7, 2024 11:17 PM

May 8 (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.

- Perpetual has agreed to sell its corporate trust

and wealth management businesses to buyout firm KKR in a

deal worth around 2.18 billion Australian dollars (US$1.44

billion).

-TikTok filed a federal lawsuit Tuesday challenging the

constitutionality of a new law that requires a sale or ban of

the popular social-media app.

- The National Highway Traffic Safety Administration wants

Tesla to send more information regarding its Autopilot

system tied to a December recall of more than two million

vehicles, after crashes kept occurring after the recall.

- Tesla's former China head, Tom Zhu, who had

skyrocketed through the ranks as a turnaround guru, is getting

deployed from the company's Texas headquarters back to China.

- U.S.-Israeli startup Wiz said it raised $1 billion in

a deal valuing the fast growing cloud security startup at $12

billion.

- Uber Technologies ( UBER ) and Instacart have

struck a partnership that will allow customers to order Uber

Eats restaurant food via the Instacart app.

(Compiled by Bengaluru newsroom)

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