PRESS DIGEST- New York Times business news - March 7

Reuters
03-07
PRESS DIGEST- New York Times business news - March 7

March 7 (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.

- Walgreens Boots Alliance WBA.O said it had agreed to be acquired by Sycamore Partners, a private equity firm, in a $10 billion deal that will take the struggling pharmacy chain out of the glare of public markets.

- SpaceX's massive Starship spacecraft exploded in space on Thursday minutes after lifting off from Texas, prompting the FAA to halt air traffic in parts of Florida, in the second straight failure this year for Elon Musk's Mars rocket program.

- The second moon landing by Intuitive Machines LUNR.O appears to have suffered the same fate as its first try last year, with data indicating the Athena lander ended on its side on the lunar surface after problems with its laser rangefinders.

- The European Central Bank lowered interest rates on Thursday, the sixth consecutive cut, as the economic landscape for the region rapidly changes.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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