Some of Tuesday’s top business news stories:
Associated Press
US seeks to blacklist Chinese artificial intelligence firms, by Matt O’Brien
Facebook to settle advertiser lawsuit for $40 million
CNN
Samsung warns its profit fell 56%, but the worst could be over, by Sherisse Pham
Trump’s election year economy will be much worse than he promised, economists say, by Anneken Tappe
The Wall Street Journal
Hong Kong Stock Exchange Drops Nearly $37 Billion Bid for London Rival, by Steven Russolillo, Ben Dummett
PG&E Warns It May Cut Power for 600,000 Customers Due to Wildfire Risk
Axios
Medicaid programs willing to boot out drug pricing middlemen, by Bob Herman
Walgreens, Kroger become latest retailers to halt e-cigarette sales, by Ursula Perano
Reuters
Oracle to hire 2,000 workers to expand cloud business to more countries, by Stephen Nellis
GE to freeze, pre-pay pensions to save up to $8 billion, cut debt, by Alwyn Scott, Ankit Ajmera
News about business journalism
Hartford Biz Journal moves to biweekly print schedule
CEO of Quartz parent sends message to employees
McGill joins Axios as tech reporter
NY Times hires Quartz Africa’s Dahir
How two WSJ reporters covered the WeWork story
Delaney leaves post as co-CEO and editor in chief at Quartz
Seeking Alpha launching podcast featuring Task
Kaye Wiggins joins the Financial Times in London as private equity reporter
