PRESS DIGEST- New York Times business news - Feb 11

Reuters
02-11
PRESS DIGEST- New York Times business news - Feb 11

Feb 11 (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.

- U.S. President Donald Trump announced sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first term that pleased domestic metal makers but hurt other American industries and ignited trade wars on multiple fronts.

- A group of investors led by Elon Musk has made a $97.4 billion bid to buy the assets of the nonprofit that controls OpenAI, according to two people familiar with the bid.

- A federal judge on Monday temporarily blocked the National Institutes of Health from cutting research funding in 22 states that filed suit earlier in the day arguing that the plan would eviscerate studies into treatments for cancer, Alzheimer's, heart disease and a host of other ailments.

- Fox Corp FOXA.O said on Monday that it had acquired Red Seat Ventures, a growing digital media company that has become a go-to partner for old-media stars like Megyn Kelly, Tucker Carlson and Piers Morgan as they create their own independent online programming.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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