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The Latest Breaking News from Wall Street Journal

Pinterest Stock Soars On Report Of Activist Elliott Management Stake

Activist hedge fund Elliott Management has amassed a stake of more than 9% in Pinterest, the Wall Street Journal reported late Thursday, and his holding talks with the group's new executive team.

The Street

Ohio rape shows how story can spread faster than facts

A four-paragraph anecdote in a regional newspaper ignited a media fire over abortion that engulfed President Joe Biden, the partisan press and some of the nation's top news organizations

The Independent UK

Man charged with rape of 10-year-old who had abortion after rightwing media called story ‘not true’

Police say Ohio man confessed to raping a girl who went to Indiana for abortion, following the right’s attempts to discredit story

The Guardian - US

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Right pounces on 10-year-old rape victim

Charges have been filed in the case of a 10-year-old girl who fled to Indiana to receive an abortion

Salon

Greg Norman on DOJ investigating PGA Tour: ‘A testament to (the Tour’s) stupidity’

"Has the PGA brought that on themselves or have we brought that on them? They brought it on themselves," Greg Norman said.

USA Today Sports Media Group

US Justice Department probes PGA over LIV Golf actions: reports

Washington (AFP) - US Justice Department officials are investigating the US PGA Tour over possible anti-competitive behavior regarding the Saudi-backed LIV Golf Series, the Wall Street Journal reported on Monday.

AFP

Casino Stocks, Oil Prices Tumble On China Lockdowns, Natural Gas Rallies

Casino stocks plummeted and U.S. oil futures dropped Monday after Macau imposed Covid-19 restrictions, shutting down the world's largest gambling hub.

Investors Business Daily

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Pharma giant Merck nearing possible $40 billion acquisition of Washington-based Seagen

Bothell-based Seagen may be acquired by pharma giant Merck in a deal valued at $40 billion, The Wall Street Journal reported Wednesday.

Tribune News Service

Michael Hiltzik: You may not have noticed yet, but inflation has started to come down

For fans of code-breaking, Thursday morning’s Wall Street Journal home page provided plenty of material to perplex and entertain.

Los Angeles Times

Benzinga Before The Bell: Elon Musk's Kids, Apple's Potential Security Measure, Covid-19 Vaccine Wastage And Other Top Financial Stories Thursday, July 7

CNBC

Benzinga

Cryptocurrency Exchange FTX Seeks Approval For Crypto Derivatives, Rivals Object: WSJ

Wall Street Journal reports that the FTX is seeking regulators to allow investors to use derivatives to place leveraged bets on b

Benzinga

Double Digits: General Motors Is Making Only This Many Hummer EVs Per Day

One of the largest traditional automotive companies has put forth a plan to increase its position in the electric vehicle industry, something that has drawn praise from President Joe Biden.

Benzinga

Tencent, Other Chinese Companies Follow Western Counterparts In Laying off Staff As Economic Slowdown Weighs

Chinese tech giants like Tencent Holding Ltd (OTC:TCEHY) and TikTok parent ByteDance Ltd implemented fresh layoffs affecting thousands of employees in their latest round of cost-cutting, the Wall Street Journal reports. The job cuts added on to the tens of thousands of employees already axed by Chinese internet companies since late 2021 after the domestic regulatory crackdown crushed the…

Benzinga

American Airlines passenger drives 45 minutes to airport for ticket help after waiting on hold for four hours

‘By far the worst airline call center experience I’ve ever had,’ passenger says

The Independent UK

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Benzinga

Nexstar Nears Deal To Snap Majority Control In CW Network: WSJ

Nexstar Media Group, Inc (NASDAQ:NXST) is on the verge of acquiring majority control of the CW Network from Warner Bros. Discovery, Inc (NASDAQ:WBD) and Paramount Global (NASDAQ:PARA), the Wall Street Journal reports. The leading owner of local television stations would acquire 75% of the CW, a broadcast network aimed primarily at teens and young adults, with…

Benzinga

Benzinga Before The Bell: Tesla's Autopilot Layoff, TikTok Removal From App Stores, US Sanction On Russian Gold And Other Top Financial Stories Wednesday, June 29

CNBC

Benzinga

Effect Of Roe Vs. Wade Ruling - Pharmacies Ration Contraceptive Pills

Major pharmacies like CVS Health Corp (NYSE:CVS), Walmart Inc (NYSE:WMT), and Rite Aid Corporation (NYSE:RAD) have put a limit on purchases or deliveries of Plan B and other emergency contraceptive pills, writes Wall Street Journal. The move comes as demand for contraceptive pills spiked following the Supreme Court ruling overturning a constitutional right to abortion. These were in…

InsideEVs

Elon Musk's Track Record Building Companies: Massive Risk And Reward

Musk uses his wealth to leverage future companies into the market’s limelight, disrupting industries and putting it all on the line for products he believes in.

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Benzinga

Volkswagen In Talks To Sell Stake In US EV Charging Business To Siemens: WSJ

Volkswagen AG (OTC:VWAGY) is nearing a deal to divest a minority stake in its U.S. electric vehicle charging business to a division of Siemens AG (OTC:SIEGY), the Wall Street Journal reported. The deal, if realized, would value Volkswagen’s Electrify America LLC at more than $2 billion. The report added that the funds will…

The Independent UK

CVS and Walmart are rationing Plan B in response to Roe decision

A spokesperson for CVS told The Wall Street Journal that customers, temporarily, could only purchase a restricted number of pills

Benzinga

Western Nations Force Russia To Default On Foreign Debt; Ruble Maintains 7-Year High

As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution.

Benzinga

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Reason

Get Ready for the Post-Roe Sex Police!

If life begins at conception, there are virtually no limits on government surveillance of women in a post-Roe world.

Motor1

Cadillac Celestiq Could Cost $300,000: Report

Production reportedly starts in late 2023.

Benzinga

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

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