Wall Street Journal
Commercial News
3/27/23
WSJ.com: US Business
Lyft Hires New CEO as Founders Step Back
David Risher, board member since 2021, will succeed co-founder Logan Green, as Lyft faces tough competition from Uber and a battered stock price. First Citizens Buys Much of Silicon Valley Bank
The acquisition comes more than two weeks after the lender?s collapse sent tremors through the banking system. Uber Eats to Take Down Thousands of Virtual Brands
The company plans to stop allowing restaurants to list multiple brands with the same menu. Microsoft, Google, Amazon Look to Generative AI to Lift Cloud Businesses
The cloud providers are using the tech behind ChatGPT to heat up demand for their services. How Drug Prices Work
Drug pricing is complicated and secretive. WSJ explains how the flow of money, drugs and rebates behind the scenes may drive up the price of prescription medicine for consumers. Fed Official Calls SVB Failure a Case of Mismanagement
Michael Barr, the Fed?s vice chairman for supervision, says the failed bank didn?t manage its interest-rate and liquidity risk. Semiconductor Firms Asked to Submit Financial Projections to Get Chips Act Funds
The Commerce Department will use the financial statements to evaluate applications. |
