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WSJ Tech News Briefing

TNB Tech Minute: Samsung Recalls More Than One Million Electric Stoves

WSJ Tech News Briefing

The Wall Street Journal

News, Tech News

4.61.6K Ratings

🗓️ 9 August 2024

⏱️ 2 minutes

🧾️ Download transcript

Summary

Plus, Vista Equity Partners is raising $5 billion to extend its investment in the parent company of enterprise-software makers Citrix and Tibco. And U.S. lawmakers want to restrict a trade provision used by Chinese e-commerce giants. Danny Lewis hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hey Prime members, did you know that you could be listening to this show ad-free on Amazon music?

0:05.0

With Amazon Music, you get access to the most ad-free top podcasts.

0:10.0

Avoid the ads and start listening today.

0:13.0

Here's your T&B Tech Minute for Friday, August 9th.

0:18.0

I'm Danny Lewis for the Wall Street Journal.

0:21.0

Samsung is recalling more than 1 million electric stoves in the

0:24.8

U.S. after hundreds of reports of fires that have injured people and killed pets.

0:28.8

The U.S. Consumer Product Safety Commission says the affected stoves have front-mounted knobs that can be turned

0:35.3

on accidentally. Samsung says it is working closely with the regulator to address the issue.

0:42.4

We exclusively report that Tech-focused fund manager Vista Equity Partners

0:46.9

is raising $5 billion to extend its investment in Cloud Software Group. The company owns top enterprise software providers Citrix and Tibco.

0:57.0

Vista has pitched the deal as a way for new investors to back a cash-rich company in a lower-risk

1:01.8

IT segment, with room to expand through acquisitions.

1:05.1

That's according to one potential investor who looked at the offering.

1:10.0

And a bipartisan group of lawmakers is trying to make it harder for e-commerce companies like

1:15.0

Sheehan and Temu to ship products from China to the U.S.

1:19.1

Currently, a trade provision allows companies to import goods with little scrutiny and no duties.

1:25.0

But a new bill would block textiles and apparel from being imported this way and issue a $2 fee

1:30.4

per shipment.

1:32.0

Sheehan says it continues to make import compliance a priority.

1:35.0

Tammu didn't respond to a request for comment.

1:38.0

For a deeper dive into what's happening in tech, check out Monday's

...

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