Press Digest: Wall Street Journal - Dec 18

Adbri

18/12/2023 06:30

Dec 18 (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.
    
    - Gene-sequencing company Illumina  ILMN.O  said on Sunday
it will divest itself of cancer blood test maker Grail,
following Illumina's loss in its legal battle against U.S.
antitrust regulators and facing fierce opposition from activist
investor Carl Icahn.
    
    - Mitsubishi UFJ Financial Group  8306.T  agreed to buy Link
Administration  LNK.AX  in a deal valuing the Australian
financial technology company's equity at A$1.2 billion ($805.20
million). 
    
    - Building materials supplier Adbri  ABC.AX  said it has
received a takeover offer from U.S.-based CRH  CRH.N  and the
Barro Group that values its equity at around $1.41 billion.
    
    - The high-profile case of leading China critic Jimmy Lai
opened in Hong Kong on Monday as the newspaper tycoon went on
trial under the national security law imposed by Beijing.
        
  
        - U.S. Senate negotiations on linking border security to
Ukraine aid stalled on Sunday, making it less likely that a vote
will occur before the Christmas recess.
        
  
        - Dozens of New York Times  NYT.N  employees have formed
a group to take a stand on journalistic independence as concerns
grow about the potential influence of the labor union that
represents the Times and other outlets.
        
  

($1 = 1.4903 Australian dollars)

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))