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Press Digest: Wall Street Journal - July 27

PRESS DIGEST -Wall Street Journal - July 27

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.


- Nvidia NVDA.O is in talks to provide a roughly $250 billion backstop for OpenAI as part of a massive data-center project.

- Belgian-Dutch immunology company Argenx ARGX.BR said it reached an agreement to buy U.S. drug developer Forte Biosciences FBRX.O for $2.2 billion.

-Sazerac, the maker of BuzzBallz cocktails, sent a letter to a group of Jack Daniels-maker Brown-Forman BFb.N shareholders asking them to reconsider a $15 billion buyout offer that had been rebuffed.

- U.S. President Trump has put off a major escalation of his military campaign against Iran amid efforts to revive diplomacy to open the Strait of Hormuz.

- Nvidia NVDA.O will invest roughly $1 billion in South Korean internet company Naver 035420.KS.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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