The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
– Rivian RIVN is laying off workers as the company is trying to reduce costs ahead of the launch of a more affordable sport-utility vehicle next year.
– Skydance’s Paramount PSKY is requiring employees at the vice president level or below in New York and Los Angeles to return to the office five days a week starting in January.
– The U.S. government filed two lawsuits against Southern California Edison, blaming the utility’s equipment for sparking two wildfires, including the Eaton Fire in January that damaged National Forest System lands.
– Cerence AI CRNC filed a lawsuit against Apple
AAPL, alleging the technology giant was using its technology in certain iPhones and iPads without seeking a license.
– Garage Beer, a light-beer maker backed by football stars Travis and Jason Kelce, claimed a $200 million valuation in its first funding round.
– The U.S. is preparing to renegotiate the U.S.-Mexico-Canada Agreement deal with Mexico and Canada, with consultations starting soon.