PRESS DIGEST – Wall Street Journal
August 5 (Reuters) – Here are the main articles from the Wall Street Journal. Reuters has not verified these stories and does not guarantee their accuracy.
– Uber Technologies Inc’s ridership rebounded sharply in the last quarter from pandemic lows last year, but a continuing shortage of drivers and uncertainty as to how the Delta variant will affect driver behavior. consumers have lowered its shares. https://on.wsj.com/37jsi1w
– Automakers, including General Motors Co, Ford Motor Co and Jeep maker Stellantis NV, will aim to have electric vehicles account for 40 to 50% of their sales in the United States by 2030, according to people close to the brief, who said the targets would be announced Thursday at the White House. https://on.wsj.com/3Ae8ycc
– U.S. Food and Drug Administration officials, under pressure to quickly grant full approval to the Pfizer Covid-19 vaccine, are in an intense debate over whether the agency will make the decision this month or extend the schedule until early or mid-September, depending on those familiar with the discussions. https://on.wsj.com/3Cla2TF
– Grill maker Weber Inc has sold fewer shares at a lower price than expected in its initial public offering, people familiar with the matter said, the latest sign that the new issue market may cool after a scorching run this summer. https://on.wsj.com/2VijG9e (Compiled by Bengaluru Newsroom)