PRESS DIGEST- New York Times business news – Nov 28

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Nov 28 (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.

– Shein, the ultrafast-fashion retailer founded in China more than a decade ago, has filed confidentially for an initial public offering in the United States.

– Sarah Riggs Amico, a prominent trucking executive, has assembled a last minute plan to acquire Yellow out of bankruptcy, but the plan rests on getting the U.S. Treasury Department to allow Yellow to postpone repayment of a $700 million rescue loan that it made to the company in 2020.

– The New York State cannabis board voted Monday to approve a settlement that would resolve two lawsuits and end a three-month-long freeze on recreational dispensary openings across the state.

– Elon Musk traveled to Israel and met with Prime Minister Benjamin Netanyahu on Monday, touring the scene of a Hamas attack in a visit that appeared aimed at calming the outcry over his endorsement of an antisemitic conspiracy theory on X, the social media platform he owns. (Compiled by Bengaluru newsroom)

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