Press Digest: Wall Street Journal - July 28

Brown-Forman

28/07/2026 06:22

July 28 (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.
     
-Babycare product maker Johnson & Johnson JNJ.N agreed to pay $5.5 billion to resolve outstanding lawsuits that alleged the company’s talc products caused ovarian cancer, with the agreement conditioned on 95% of remaining claimants participating.
     
-  Iran and Oman worked to reach an arrangement for safe passage of ships through the Strait of Hormuz amidst a lull in fighting between the U.S. and Iran.
     
-Kuwait Petroleum and Kuwait Oil signed a $16 billion pipeline lease agreement, involving all of the country’s domestic and export pipelines, with investors led by Blackstone BX.N , Brookfield BN.TO and KKR KKR.N .
     
- American restaurant chain Cracker Barrel CBRL.O CEO Julie Masino stepped down from her role and will be succeeded by former Bloomin’ Brands BLMN.O CEO David Deno on August 10.
 
 - Ford F.N secured a Defense Department contract to develop three truck prototypes based on its F-Series super-duty pickups, as the Pentagon pushes automakers to help modernize and replenish military hardware depleted by wars in the Middle East and Ukraine.
 
 -BuzzBallz cocktail maker Sazerac sent a letter to Brown-Forman BFb.N shareholders asking them to reconsider its previously rejected $15 billion buyout offer.
-Gas cylinder maker Luxfer LXFR.N agreed to be acquired by Wynnchurch Capital for about $462.7 million, with the company looking to continue its business as a private company after the sale.
 
 

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