Wall Street Journal - June 28
June 28 (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.
- The National Football League must pay more than $4.7 billion in class-action damages for overcharging subscribers of its "Sunday Ticket" telecasts, a California federal jury said.
- Uber Technologies UBER.N and Lyft LYFT.O agreed to pay ride-share drivers in Massachusetts a minimum wage and give them other benefits while continuing to classify them as independent contractors, the latest development in the companies' nationwide fight to defend their gig-worker models.
- Nokia NOKIA.HE agreed to acquire Infinera INFN.O in a deal valued at $2.3 billion as it pins more resources to its optical-networks business.
- Walgreens Boots Alliance WBA.O Chief Executive Tim Wentworth is taking the struggling chain in a new direction, planning to close a substantial number of poorly performing stores and pulling back on the company's plunge into the primary-care business.
- Google GOOGL.O and TikTok have banned Done Global from running ads on their platforms amid a widening federal crackdown on the distribution of Adderall and other stimulants by the telehealth company.
- The U.S. Supreme Court limited the ability of the Securities and Exchange Commission and other federal agencies to impose monetary penalties through special in-house tribunals, a blow to regulators that could have ripple effects across the U.S. government.
(Compiled by Bengaluru newsroom)
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