Some of Thursday’s top business news stories:
The Associated Press
Asian stocks follow Wall St higher on hopes for US debt deal, by Joe McDonald
Biden declares ‘America will not default,’ says he’s confident of budget deal with GOP lawmakers, by Seung Min Kim and Lisa Mascaro
CNN
Montana governor bans TikTok, by Samantha Delouya
Kaitlan Collins to anchor new 9 pm show on CNN, by Lucy Bayly and Jordan Valinsky
The Wall Street Journal
An Apple Headset Is Coming. Can It Be More Than a Nerd Helmet?, by Joanna Stern
As Oil Giants Retreat Globally, Smaller Players Rush In, by Nicholas Bariyo, Juan Forero and Jon Emont
CNBC
Pfizer to raise $31 billion in debt offering to fund Seagen acquisition, SEC filing shows, by Annika Kim Constantino
Virgin Orbit receives $17 million bid for rocket-carrying aircraft in bankruptcy court, by Michael Sheetz
Reuters
Walmart investors eye margins amid grocery focus, by Siddharth Cavale
As household budgets tighten, big brands double down in dollar stores, by Jessica DiNapoli
News about business journalism:
Talking Biz News Today – May 17, 2023
Pols producer swaps ABC for CBS , Newsweek’s new VP, Dow Jones’ historic black news initiative
Your guide to Friday’s 2023 Financial Follies
Media Movers: Newsday’s James T. Madore
Dow Jones, Columbia Journalism School launch new initiative to enhance newsroom diversity
Markup investigative data journalist Varner departs
Insider hires Rollins as deputy head of entertainment
Bulk of Forbes purchase coming from foreign investors
