Wall Street Journal, September 4,

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ConocoPhillips, a U.S. oil producer and gas company, will reduce its workforce by up to 25% or 3,250 workers as part of an extensive restructuring.

Newsmax has sued Fox Corp, its bigger news rival in Florida's federal court. The media giant is accused of suppressing the competition on the U.S. pay-TV market and leaving the consumers with fewer choices.

The U.S. Federal Judge ruled on Monday that the Trump administration had terminated grants worth $2.2 billion to Harvard University in an illegal manner. Harvard University can no longer be denied research funding.

Nippon Steel has announced that it has settled all legal disputes with United Steelworkers and Cleveland-Cliffs in relation to its $14.9 Billion acquisition of U.S. Steel. The deal closed in June.

The Trump administration has asked the U.S. Supreme Court for a quick hearing of its appeal against a ruling which rejected the president's tariffs on global products. They said that the loss in the lower court already hurt the White House during ongoing trade negotiations.

Florida is planning to stop all vaccine mandates for the state, including those that are required to be given to students in order to attend school. Public health experts have warned this could lead to severe outbreaks of disease among children, tourists, and people with compromised immune systems. (Compiled by Bengaluru Newsroom)

(source: Reuters)