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PRESS DIGEST- Wall Street Journal - Jan 2

Reuters
·1 min read

Jan 2 (Reuters) - Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- China Evergrande New Energy Vehicle said an agreement for Dubai-based automaker NWTN to subscribe to its shares has expired, raising fresh doubts about a potential cash injection for the Chinese electric vehicle manufacturer.

- Baidu has called off a $3.6 billion deal to buy Nasdaq-listed JOYY's video-based entertainment live-streaming business in China, the company said in a filing.

- Netherlands has blocked chip-equipment manufacturer ASML's exports to China of some lithography systems, which are essential to making advanced microprocessors, in a partial license revocation following U.S. export restrictions.

- U.S. antitrust cases against tech giants Google and Meta Platforms are expected to come to a head in 2024, likely producing long-awaited rulings that could shape the legacies of top Biden administration regulators.

(Compiled by Bengaluru newsroom)