PRESS DIGEST- Wall Street Journal - November 7

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Nov 7 (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.

- A unit of Walgreens Boots Alliance Inc. is nearing a deal to combine with Summit Health, an owner of medical practices and urgent-care centers in a transaction worth roughly $9 billion including debt, according to people familiar with the matter.

- Peabody Energy Corp and Coronado Global Resources Inc have ended talks over combining to create a new global coal giant valued at about $6 billion that would have brought together assets from North America to Australia

- Apple Inc warned shipments of its high-end iPhone models would be hindered amid Covid-19 restrictions at one of its major suppliers in China, the assembly factory in Zhengzhou, that is currently operating but at reduced capacity.

- Meta Platforms Inc is planning to begin large-scale layoffs this week, according to people familiar with the matter, in what could be the largest round in a recent spate of tech job cuts after the industry's rapid growth during the pandemic.

- Twitter Inc's first major product change under new owner Elon Musk encountered a setback as a promised software update to let some subscribers buy blue check marks for their accounts led to widespread confusion after it failed to materialize for most users.

- President Biden's top national-security adviser Jake Sullivan has in recent months engaged in confidential conversations with top aides to Russian President Vladimir Putin in an effort to reduce the risk of a broader conflict over Ukraine and warn Moscow against using nuclear or other weapons of mass destruction, U.S. and allied officials said. (Compiled by Bengaluru newsroom)