PRESS DIGEST- New York Times business news - December 3

Reuters12-03

PRESS DIGEST- New York Times business news - December 3

Dec 3 (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.

- Smartmatic and Fox News both asked a New York judge to rule in their favor in a $2.7 billion defamation case that centers on false vote-rigging claims broadcast by Fox during the 2020 U.S. presidential election.

- Prediction market Kalshi said it had raised $1 billion in a financing round, more than doubling its valuation at $11 billion in about two months.

- Eve Air Mobility, which was founded by Brazil's Embraer EMBJ3.SA, said it planned to outfit its battery-powered planes under development with electric pusher motors made by Beta Technologies BETA.N.

- The San Francisco city attorney filed a lawsuit against food manufacturers over ultraprocessed foods, arguing that people have been burdened with the costs of treating diseases that stem from the companies' products.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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