Some of Wednesday’s top business news stories:
The Associated Press
UK inflation rate hits new 40-year high of 9.1%
Biden to call for 3-month suspension of gas and diesel taxes, by Josh Boak
CNN
Could a housing slump threaten the stock market and the entire economy?, by Paul R. La Monica
Twitter board recommends shareholders vote in support of Musk acquisition, by Clare Duffy
The Wall Street Journal
Canada to Compel YouTube, TikTok and Streamers to Boost Domestic Content, by Paul Vieira
Barack and Michelle Obama Strike Deal With Amazon’s Audible, by Jeffrey A. Trachtenberg
CNBC
Sales of existing homes fell in May, and more declines are expected, by Diana Olick
Netflix talks with Google about ads as Sarandos is set to address Cannes this week, by Julia Boorstin
Reuters
U.S. tech companies yank job offers, leaving college grads scrambling, by Sheila Dang
COVID-19 vaccine scheme for world’s poorest pushes for delivery slowdown, by Jennifer Rigby and Francesco Guarascio
News about business journalism:
Lynch joins San Luis Obispo Tribune as housing reporter
Autos reporter Bellon departs Reuters
Euromoney Institutional Investor gets $2B takeover offer
Bellis departs WSJ for NBC News
Washington Post hires Gurley to cover labor
Bloomberg taps Penn to host show about climate change
NY Times biz news desk taps Hsu to cover misinformation
The Daily Beast hired Bender as innovation reporter
Deadline hires Goodfellow as London correspondent
Insider promotes Martin to business news editor
Washington Post launches coverage of economic issues
CNBC hires Thapa as lead producer for website
Politico hires Zeller as deputy health care editor
