PRESS DIGEST- Wall Street Journal - Dec 1

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Dec 1 (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.

- U.S. sportswear and footwear company VF Corp which owns retail brands including Vans, The North Face and Timberland, has laid off about 500 employees globally.

- Activist investor Nelson Peltz announced a new proxy fight against Disney after the company rebuffed his request to be added to the board in Peltz-owned Trian Fund Management's first campaign in February.

- Tesla handed over the first Cybertrucks to customers, marking the official start of sales for the model that was unveiled in 2019 and also revealed updated pricing for the truck, with the entry-level model to start at roughly $61,000.

- Ulta Beauty has picked Paula Oyibo to succeed Scott Settersten as chief financial officer after Settersten informed the company of his decision to retire as financial chief, treasurer and assistant secretary of the beauty retailer.

- Meta, which owns Facebook, Instagram, and WhatsApp has sued the FTC in federal court in Washington, alleging "fundamental aspects of the Commission's structure violate the U.S. Constitution."

- A New York appeals court reimposed a gag order forbidding Donald Trump from making public comments about the law clerk advising the judge in the former president's civil fraud trial.

(Compiled by Bengaluru newsroom)