Press Digest: Wall Street Journal - June 24

Alibaba Holding

Today 07:15

June 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.
     
- Alibaba 9988.HK, the Chinese technology and e-commerce giant, sued the U.S. government over being placed on a list of businesses from China that the Department of Defense linked to that country's military.
     
- Agility Robotics will go public via a merger with Churchill Capital Corp XI, valuing the startup at about $2.5 billion.
     
- Google’s parent company Alphabet GOOGL.O will replace Verizon  VZ.N in the Dow Jones Industrial Average.
     
- Nike NKE.N appointed David Denton, a Pfizer executive, as its new chief financial officer, effective August 17.
 
     
- Walmart WMT.O is paying $1.4 billion to purchase a French advertising-technology firm Vibe.Co. 
 
     
- SoftBank 9984.T founder Masayoshi Son set a $6.189 trillion net asset value target for the next decade, driven by “superintelligence.”
 
 

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