Some of Wednesday’s top business news stories:
The Associated Press
States sue Meta claiming its social platforms are addictive and harm children’s mental health, by Barbara Ortutay
Hong Kong cuts taxes for foreign home buyers and stock traders as it seeks to maintain global status, by Kanis Leung
CNN
Mitsubishi Motors is ending production in China, by Michelle Toh
Microsoft, Google post strong quarterly sales growth as Big Tech continues its comeback, by Clare Duffy and Catherine Thorbecke
The Wall Street Journal
Microsoft Earnings Growth Accelerates on Stronger-Than-Expected Cloud Demand, by Tom Dotan
GM Scales Back EV Plans as Buyers Hesitate, by Mike Colias
CNBC
UAW expands strike to crucial GM SUV plant in Texas hours after automaker reports earnings, by Michael Wayland
Amazon considers offering veterinary telehealth as it looks to compete with Walmart, by Gabrielle Fonrouge
Reuters
Spotify posts quarterly profit, user growth beats expectations, by Supantha Mukherjee
EU sets up new mechanisms to stave off medicine shortages, by Julia Payne
News about business journalism:
Talking Biz News Today – Oct. 24, 2023
Google, a company worth $1.7 trillion, lays off roughly 40 news employees
Stone to cover Brexit for Politico Europe
Sportico has hired Eichenberger as an editor
Karadeglija leaving National Post
Kantrowitz expands Big Technology
