PRESS DIGEST-New York Times business news – Dec 7

Dec 7 (Reuters) – The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

– The ride-hailing company Lyft said on Thursday it had taken a key step toward an initial public offering, confidentially filing a draft registration statement with the Securities and Exchange Commission.

– Drug maker Actelion Pharmaceuticals, a unit of Johnson & Johnson, has agreed to a $360 million settlement stemming from an investigation into whether the company illegally funneled kickbacks through a patient-assistance charity, federal prosecutors said Thursday.

– The Trump administration is expected to put forth a proposal that would significantly weaken a major Obama-era regulation on clean water, according to a talking points memo from the Environmental Protection Agency that was distributed to White House allies this week. (Compiled by Bengaluru newsroom)


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