Here are the key headlines from the Wall Street Journal for January 10:
- SEC Faces Social Media Breach: The U.S. Securities regulator reported a brief unauthorized access to its social media account ‘X’ on Tuesday. A fraudulent message claiming approval for bitcoin exchange-traded funds (ETF) was posted. Authorities are investigating the incident.
- Boeing Grapples with Door-Plug Failure: Boeing CEO David Calhoun acknowledged a door-plug failure on an Alaska Airlines flight, leading to approximately 170 planes being grounded by regulators. Calhoun emphasized the need to address and rectify the mistake promptly.
- Leadership Change at Sonos: Saori Casey has been appointed as the next Chief Financial Officer of Sonos, marking a strategic move in the leadership team of the audio technology company.
- Intel’s Acquisition of Silicon Mobility SAS: Intel has reached an agreement to acquire Silicon Mobility SAS, a fabless silicon and software company specializing in developing system-on-chips for intelligent electric vehicle energy management.
- Legal Setback for Trump: A federal appeals court in Washington signaled its inclination to reject Donald Trump’s claim of immunity from prosecution regarding charges related to his alleged involvement in attempts to overturn the 2020 election.
- Walmart’s Drone Delivery Expansion: Walmart is set to expand its drone delivery services to most of Dallas this year. The retail giant is partnering with Wing, a unit of Alphabet, and Zipline, a global drone delivery company known for collaborations with healthcare providers.
- Defense Secretary’s Prostate Cancer Treatment: U.S. Defense Secretary Lloyd Austin is undergoing treatment for complications related to prostate cancer. The condition, previously undisclosed to President Biden, was revealed more than a week after Austin was hospitalized.
