PRESS DIGEST -Wall Street Journal - May 14
Netflix NFLX | 0.00 | |
Cisco Systems, Inc. CSCO | 0.00 | |
Equinox Gold Corp. EQX | 0.00 |
May 14 (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.
- Cerebras Systems priced its U.S. initial public offering at $185 per share on Wednesday, above the top end of its indicated price range.
- Chip startup Fractile said it has raised a $220 million Series B funding round led by Factorial Funds, Accel and Peter Thiel's Founders Fund.
- Cisco CSCO.O Systems is cutting thousands of jobs to make room for more artificial intelligence in its business.
- The National Football League cut a new four-year deal with Netflix NFLX.O for three more games and licensed additional games to Fox and NBC.
- Equinox Gold EQX.TO and Orla Mining OLA.TO agreed to combine in a deal that would create a new $18.5 billion North American gold miner, fast-tracking growth both say would have taken years separately.
- Boston Fed President Susan Collins flagged the possibility that the central bank might need to raise interest rates if inflation pressures broaden in coming months, even though that isn’t currently her most likely outlook for the economy.
