PRESS DIGEST -Wall Street Journal - February 25

Reuters
Yesterday
PRESS DIGEST -Wall Street Journal - February 25

Feb 25 (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 U.S. judge on Tuesday blocked federal prosecutors from searching devices seized from a Washington Post reporter as part of a leaked investigation, saying he would review their contents for potential evidence.

- Warner Bros Discovery WBD.O opened the door on Tuesday to Paramount Skydance PSKY.O after the rival bidder raised its offer to $31 per share.

- Defense Secretary Pete Hegseth gave Anthropic Chief Executive Dario Amodei until Friday to comply with the Pentagon's demands on using its artificial-intelligence models or face cancellation of the company's contract.

- Meta Platforms META.O agreed to buy 6 gigawatts of AI computing power from Advanced Micro Devices AMD.O in a deal worth over $100 billion.

- Lucid Group LCID.O is laying off around 12% of its U.S. workforce as it reconfigures plans to focus on new models, expansion into robotaxis and development of other technologies.

- Spirit Airlines has reached an agreement with a group of creditors to emerge from bankruptcy by early summer as a smaller company.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10