PRESS DIGEST - Wall Street Journal - Jan 31

Reuters
01-31
PRESS DIGEST - Wall Street Journal - Jan 31

Jan 31 (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.

- OpenAI is in early talks to raise up to $40 billion in a funding round that would value the ChatGPT maker as high as $300 billion.

- Waste Management WM.N will shed 1,000 jobs this year, accelerating its automation efforts, which will reduce its headcount by thousands and move the company closer to its goal of $450 million in cost cuts.

- Allstate ALL.N will sell its Group Health business to Nationwide for $1.25 billion in cash.

- Amazon AMZN.O is ramping up ad spending on Elon Musk's X, a major shift after pulling much of its advertising more than a year ago.

- U.S. President Trump's advisers are considering several offramps to avoid enacting the universal tariffs on Mexico and Canada that he had pledged.

- A midair collision between an American Airlines AAL.O flight and an Army helicopter over the Potomac River killed all 67 people on the two aircraft, officials said Thursday, leaving investigators to piece together what caused the deadliest U.S. aviation disaster in 23 years.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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