PRESS DIGEST- Wall Street Journal – Nov 16

Nov 16 (Reuters) – Following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

– President Biden and Chinese leader Xi Jinping struck a less contentious tone at their summit Wednesday, a reset that will be quickly tested by deep U.S.-China disagreements.

– META will let political ads on Facebook and Instagram question the legitimacy of the 2020 U.S. presidential election, one of several changes the social-media company and other platforms have made to loosen constraints on campaign advertising for 2024.

– A majority of workers at General Motors’ largest U.S. factory voted in favor of a tentative contract with the United Auto Workers, bolstering the deal’s chances for approval as a tight vote enters its final hours.

– Walt Disney has attracted the interest of another activist investor that believes the company is undervalued, with ValueAct Capital accumulating a stake in the entertainment giant’s stock and initiating dialogue with its board.

– Ernst & Young has appointed insider Janet Truncale as global chief executive, replacing Carmine Di Sibio starting July 2024.

– The U.S. Senate took the risk of an impending partial government shutdown off the table on Wednesday as it passed a stopgap spending bill and sent it to President Joe Biden to sign into law before a weekend deadline.

(Compiled by Bengaluru newsroom)

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