PRESS DIGEST- New York Times business news - April 4

Reuters04-04

PRESS DIGEST- New York Times business news - April 4

April 4 (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.

- European Union regulators are preparing major penalties against Elon Musk's social media platform, X, for breaking a law to combat illicit content and disinformation, a move that is likely to escalate tensions with the United States by targeting one of President Donald Trump's closest advisers.

- $Capital One Financial Corp(COF-N)$ COF.N got the greenlight from the Justice Department for its proposed $35 billion acquisition of Discover Financial Services after the DOJ told regulators that it didn't see sufficient competition concerns to block the deal.

- Canadian Prime Minister Mark Carney said that the country had introduced a 25% tariff on cars and trucks made in the United States in retaliation for the tariffs that went into effect Thursday morning on Canadian vehicles.

- The Trump administration's decision on an American buyer for the short-video social media site TikTok will come before a weekend deadline, Vice President JD Vance said on Thursday.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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