New York Times business news - Aug. 15
Aug 15 (Reuters) -The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- Mars, the company behind M&M's and Snickers, has agreed to acquire Kellanova K.N, the snack food business spun off by Kellogg's KLG.N last year, in a $36 billion deal that will create a new global food giant.
- Cisco Systems CSCO.O, one of the largest makers of computer networking equipment, said on Wednesday that it would cut 7% of its work force in its second major round of layoffs this year.
- One of China's leading autonomous driving start-ups, WeRide, a $5 billion software maker, is set to go public in New York as soon as this week.
- A California bill that could impose restrictions on artificial intelligence (AI) has tech companies, investors and activists scrambling to explain what the first-of-its-kind legislation could mean for their industry in the state.
- U.S. Vice President Kamala Harris will call for a federal ban on corporate price gouging on groceries in a speech laying out her economic agenda on Friday, campaign officials said late Wednesday, in an effort to blame big companies for persistently high costs of American consumer staples.
- The rapid spread of mpox, formerly called monkeypox, in African countries constitutes a global health emergency, the World Health Organization declared on Wednesday.
(Compiled by Bengaluru newsroom)
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