PRESS DIGEST -Wall Street Journal - April 9

Reuters04-09 13:52
PRESS DIGEST -Wall Street Journal - April 9

April 9 (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.

- Disney DIS.N is planning to cut as many as 1,000 positions in the coming weeks, many of which will be made in the company's marketing department.

- A federal appeals court on Wednesday denied Anthropic's request for relief from the Defense Department declaring the company a supply-chain risk.

- The Trump administration is considering a plan to punish some members of the NATO alliance that he believes were unhelpful to the U.S. and Israel during the Iran war.

- U.S. Treasury Secretary Scott Bessent said Congress must pass a bill to create federal rules for digital assets, reiterating the push for rules that he says will ensure cryptocurrency development and investment remain anchored in the U.S.

- Delta Air Lines DAL.N on Wednesday pulled all planned capacity growth for the current quarter and forecast profit below Wall Street expectations, warning that soaring jet fuel prices driven by the Iran war would add more than $2 billion to its costs in the June quarter.

- Meta META.O announced a new large language model Wednesday, its first major new artificial intelligence model in more than a year.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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