PRESS DIGEST- Wall Street Journal - Feb 29

Feb 29 (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.

- The Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled.

- Alibaba Group will cut cloud product prices in China by up to 55% in an effort to boost a promising division whose sales have slowed in recent quarters amid rising competition.

- Anheuser-Busch Inbev and the Teamsters union said on Wednesday they have reached a five-year tentative agreement that would avert a strike at the world's largest brewer's U.S. facilities.

- Apple shareholders on Wednesday rejected a measure asking the iPhone maker to disclose more information about how it uses artificial intelligence in its business and its ethical guidelines for the technology.

- Malaysia's Capital A, the parent company of budget airline AirAsia, on Wednesday said it has finalised a $1.15 billion deal to list its brand management unit on the Nasdaq via a merger with a SPAC called Aetherium Acquisition Corp.

- Electronic Arts will reduce 5% of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.

(Compiled by Bengaluru newsroom)