Press Digest: Wall Street Journal - May 5

Black Knight

05/05/2022 05:40

May 5 (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.
    
    - U.S. President Joe Biden would be on shaky legal ground if
he were to pursue broad-based student debt cancellation by
executive action, former President Barack Obama's former top
Education Department lawyer wrote in a legal analysis. https://on.wsj.com/3sd4ZRV
    
    - Facebook parent Meta Platforms Inc  FB.O  on Wednesday
announced a sharp slowdown in hiring, ending an extended period
in which the tech giant added thousands of jobs a year. https://on.wsj.com/3yc4kDZ
    
    - Robinhood Markets Inc  HOOD.O  said on Wednesday that it
is adding stock lending to its trading app, the latest in a
string of products intended to shore up its business. https://on.wsj.com/3kHDJXu
    
    - Johnson & Johnson  JNJ.N  filed a lawsuit accusing a
drug-benefit middleman firm of improperly exploiting a J&J
program that pays out-of-pocket costs for patients who use some
of the company's pricier prescription drugs. https://on.wsj.com/3KIZwIX
    
    - Intercontinental Exchange Inc  ICE.N , parent company of
the New York Stock Exchange, agreed to buy mortgage-data firm
Black Knight Inc  BKI.N  in a cash-and-stock deal valued at
$13.1 billion, stepping up its involvement in the U.S. mortgage
market. https://on.wsj.com/3vKevxX

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