Press Digest: Wall Street Journal - Oct 19
PRESS DIGEST -Wall Street Journal - Oct 19 Oct 19 (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.
- Swiss chocolate company Lindt LISN.S said Chief Executive Officer Adalbert Lechner will leave the company as it makes a sweeping overhaul of leadership in a bid to return to growth.
- AI giant Anthropic plans to commit 5% of it shares to a new “public benefit fund” with the flexibility to make charitable donations or direct money to “specific populations.”
- Russian President Vladimir Putin has proposed that he, US President Donald Trump and Chinese leader Xi Jinping meet next month to talk about Ukraine in an attempt to negotiate an end to the four-year conflict that would favor Moscow.
- Chinese memory-chip maker CXMT 688825.SS guided for a more than eightfold jump in nine-month revenue as it continued to cash in on the AI-fueled memory crunch. It expects revenue of between 265 billion yuan ($39.66 billion) and 270 billion yuan, for the first nine months of 2026.
- US President Donald Trump endorsed Israeli Prime Minister Benjamin Netanyahu for re-election, seeking to give him a long-sought boost, days before Israel is set to hold a closely contested national election. Trump called Netanyahu a “great warrior prime minister” and praised their partnership in the war against Iran in a social media post.
($1 = 6.6812 Chinese yuan renminbi)
(Compiled by Bengaluru newsroom)