- The U.S. reached an agreement that gives it access to
four more military bases in the Philippines, broadening
Washington's efforts to counter China's influence and
strengthening an alliance that a few years ago appeared in
danger of collapse.
(Compiled by Bengaluru newsroom)
Feb 2 (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.
- Tiger Global Management is reducing the target size for
its latest venture fund to $5 billion, down from a $6 billion
target it set when it began fundraising last fall, according to
people familiar with the matter.
- Rivian Automotive Inc plans to initiate another
round of layoffs, the latest in the electric-vehicle startup's
efforts to preserve cash as it confronts challenges scaling its
business.
- New York Gov. Kathy Hochul will seek to raise payroll
taxes on downstate businesses and use revenue from new casinos
to bolster mass transit in New York City as part of her proposed
state budget on Wednesday.
- Bed Bath & Beyond Inc missed interest payments on
its bonds, a week after its bank lenders sent the company a
default notice because it was overdrawn on its credit lines.
- OpenAI is launching a paid subscription version of its
artificial-intelligence chatbot ChatGPT.
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