New York Times Sues Microsoft and OpenAI, Alleging Copyright Infringement 
 

The Times said the tech companies used its content without permission to create their AI products, benefiting from billions of dollars of investment by the news outlet.

 
Williams Cos. to Buy Gulf Coast Natural Gas Storage Portfolio for $1.95 Billion 
 

Energy infrastructure company Williams Cos. has inked a deal to buy a portfolio of Gulf Coast natural-gas storage assets from an affiliate of commodities-trading company Hartree Partners for $1.95 billion.

 
Hapag-Lloyd to Continue Avoiding Red Sea Route 
 

German shipping company Hapag-Lloyd said it will continue to avoid the Red Sea because it considers the area is still too dangerous despite the U.S. and allies deploying naval ships to deter further strikes by Houthi militants.

 
The Chip Wars Are Metastasizing 
 

The fight for chip tech supremacy has begun to migrate into a new area: how to package chips together to achieve better performance.

 
Tesla Has a Plan to Stay in the China EV Race 
 

Tesla is preparing to launch a revamped version of its popular Model Y SUV at its plant in Shanghai, according to a report.

 
Boart Longyear Agrees to Takeover by American Industrial Partners 
 

Drilling services company Boart Longyear has agreed to a takeover by American Industrial Partners Capital Fund VIII in a deal that values its stock at around US$371 million.

 
SoftBank Shares Hit Over Two-Month High on T-Mobile Stock Gains 
 

SoftBank Group's shares rose on potential investment gains the conglomerate could record as it receives additional shares of T-Mobile US.

 
NIO Shares Jump on Launch of New Flagship EV 
 

NIO's Hong Kong-listed shares rose sharply after the Chinese electric-vehicle maker launched a new model amid stiffening competition in its home market.

 
The Bud Light Boycott Was Just the Beginning of a Crazy Year for Beer 
 

A Bud Light boycott in 2023 reshuffled the beer industry, vaulting Modelo Especial to the top spot in America. At the same time, many people simply stopped drinking beer altogether.

 
Apple Appeals U.S. Ban That Halted Watch Sales 
 

A federal trade agency's ruling forced the iPhone maker to stop selling its two most popular watch models.

(END) Dow Jones Newswires

December 27, 2023 09:00 ET (14:00 GMT)