PRESS DIGEST- New York Times business news - May 6

Coinbase

Coinbase

COIN

0.00

May 6 (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.


- Coinbase COIN.O said it would slash about 14% of its global workforce, as it cuts costs amid crypto market volatility and repositions its business for the AI era.


- James Murdoch is in talks to buy major parts of Vox Media.


- Officials at the U.S. Food and Drug Administration blocked the publication of several studies supporting the safety of widely used vaccines against COVID-19 and shingles.


- President Donald Trump announced that the U.S. was briefly pausing efforts to help escort ships through the Strait of Hormuz, citing "great progress" toward an agreement with Iran.


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.