PRESS DIGEST- Wall Street Journal – Oct. 9

Oct 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.

– Goldman Sachs Group Inc said it is evaluating its role as a sponsor for the planned initial public offering by Megvii Technology Ltd in Hong Kong after the artificial intelligence company was blacklisted by the U.S.

– Alibaba Group Holding Ltd said Wednesday that it will suspend sales of e-cigarettes and accessories to buyers in the U.S., following a rash of vaping-related pulmonary illnesses and several deaths in the country.

– A Philadelphia jury on Tuesday ordered Johnson & Johnson to pay $8 billion in damages to a Maryland man who said his use of J&J’s antipsychotic Risperdal as a child caused enlarged breasts and the company failed to properly warn of this risk.

– The White House said it won’t cooperate with the House impeachment probe after the administration blocked the deposition of a U.S. ambassador marking clear battle lines in the fight between President Trump and Democratic lawmakers.

– Lions Gate Entertainment Corp is considering splitting off its Starz premium-cable channel into a separate company, as the studio looks to reduce its hefty debt load and allow shareholders to invest directly in either of the businesses.

– The United Auto Workers is pressing General Motors Co to lock in more guaranteed wage increases for members during the next four-year labor contact and is pushing the company to make a firmer commitment to building vehicles in the U.S., rather than importing them. (Compiled by Bengaluru newsroom)

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