PRESS DIGEST-New York Times business news - July 16
PayPal Holdings, Inc. PYPL | 0.00 | |
Dominion Energy Inc D | 0.00 | |
New York Times Company Class A NYT | 0.00 | |
NextEra Energy, Inc. NEE | 0.00 |
July 16 (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.
- The U.S. government said it would impose a new 25% tariff on Brazil next week applicable to thousands of Brazilian products while exempting major exports like oil and gas, beef, coffee, oranges, and aircraft parts.
- NextEra Energy NEE.N and Dominion Energy D.N filed petitions with regulators in Virginia, North Carolina and South Carolina to combine their companies, a deal that would form the largest electric utility and power company in the U.S.
- Payments company Stripe and private equity firm Advent International have offered to acquire PayPal PYPL.O for about $53 billion, with the takeover bid valuing PayPal’s shares at about $60.50.
- The New York Times filed a motion to quash subpoenas issued by the Trump administration to several of its journalists last week.