PRESS DIGEST -Wall Street Journal - March 24

Reuters14:18
PRESS DIGEST -Wall Street Journal - March 24

March 24 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- OpenAI has hired Dave Dugan, a former top advertising executive at Meta Platforms META.O, to lead ad sales as the AI startup works to strengthen its ties with major advertisers.

- Leonid Radvinsky, the secretive billionaire owner of OnlyFans who reshaped the porn industry with a subscription model, has died at 43 from cancer.

- Gilead Sciences GILD.O plans to acquire Ouro Medicines, a developer of autoimmune-disease therapies, for up to about $2.18 billion and develop the assets from the deal in a collaboration with Galapagos.

- Tesla TSLA.O notched its first increase in European monthly sales in more than a year, a boost for Elon Musk's electric-vehicle maker, as it faces intense competition from Chinese auto giant BYD 002594.SZ to win over customers in the region.

- Tripadvisor TRIP.O added two new directors to its board as part of a cooperation agreement with activist investor Starboard Value

- Warren Buffett's Berkshire Hathaway BRKa.N plans to acquire a 2.5% stake in Japanese insurance giant Tokio Marine Holdings 8766.T for $1.8 billion as part of a newly formed strategic partnership.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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