PRESS DIGEST- New York Times business news – Oct. 6

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Oct 6 (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.

– TikTok shut down its Shop apparatus in Indonesia on Wednesday after the country banned commerce on social media platforms to protect local business owners, a setback for the app’s new venture in a major market.

– Elon Musk is being sued by the U.S. Securities and Exchange Commission, which is trying to compel him to testify as part of a probe into his $44 billion takeover of social media giant Twitter.

– U.S. President Joe Biden’s administration said on Thursday it will add sections to a border wall to stave off record migrant crossings from Mexico and begin deporting thousands of Venezuelans, carrying forward a signature policy of former President Donald Trump. (Compiled by Bengaluru newsroom)

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