PRESS DIGEST- Wall Street Journal – Aug 31

Aug 31 (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.

– Netflix Inc has hired two Snap Inc executives, Jeremi Gorman and Peter Naylor, to lead its work building out an ad-supported tier of its service, as the streaming giant looks for new ways to generate revenue and attract more cost-conscious users.

– The U.S. Securities and Exchange Commission sued insurance magnate Greg Lindberg, alleging that he and a lieutenant defrauded insurers out of more than $75 million through a series of undisclosed related-party transactions and advisory fees paid to a Malta entity.

– Goldman Sachs Group Inc is getting rid of its COVID-19 protocols as the bank said employees can enter most of its offices regardless of vaccination status, and aren’t required to test for COVID-19 regularly or wear masks, according to a memo sent to Goldman employees Tuesday.

– The Justice Department said “efforts were likely taken to obstruct the government’s investigation” of documents at former U.S. President Donald Trump’s Mar-a-Lago home months before FBI agents searched the Florida estate in early August.

(Compiled by Bengaluru newsroom)

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