Press Digest: Wall Street Journal - August 24

Alibaba Holding

24/08/2026 06:32

Aug 24 (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.
     
- California Attorney General Rob Bonta is expected to ask Paramount PSKY.O to divest some cable channels and commit to keeping its movie studio separate from Warner Bros before he signs off on the $81 billion merger, people familiar with the matter said.
     
- Alibaba 9988.HK is aiming to raise $10.2 billion to invest in it artificial-intelligence buildout, looking to sharpen its edge as competition heats up.
     
- Online fast-fashion retailer Shein launched book building for a Hong Kong initial public offering, aiming to raise up to HK$13.86 billion ($1.77 billion), according to an offering prospectus.
     
- Members of the United Auto Workers voted down an offer from Deere DE.N to extend its contract with the union by two years, setting up what will likely be a contentious negotiation for a new contract next year.
     
 
     
 
 
($1 = 7.8371 Hong Kong dollars)

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