PRESS DIGEST-New York Times business news - January 13

Reuters01-13
PRESS DIGEST-New York Times business news - January 13

Jan 13 (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.

- Meta META.O plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse.

- Paramount Skydance PSKY.O sued Warner Bros Discovery WBD.O for more information on a rival $82.7 billion deal with Netflix NFLX.O, and said it planned to nominate directors to Warner Bros' board.

- Alphabet GOOGL.O has entered into a multi-year deal with Apple AAPL.O where the next generation of the iPhone maker's AI models will be based on Google's Gemini models.

- The Trump administration is completing a trade deal with Taiwan that would reduce tariffs on the island's exports and commit its largest chipmaker, Taiwan Semiconductor Manufacturing Corporation 2330.TW, to invest significantly more in the U.S.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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