Press Digest: Wall Street Journal - March 12

Cintas

12/03/2026 04:49

March 12 (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.

- In a rapid reversal that left U.S. allies stunned, the Trump administration shifted from opposing the largest-ever intervention in oil markets to cajoling allies into moving forward with the maneuver in a matter of hours.

- A federal judge granted Amazon AMZN.O a preliminary injunction earlier this week barring Perplexity from using an AI agent from its Comet browser to access password-protected parts of Amazon's website to shop on behalf of a human customer while the case winds its way through court.

- Billionaire Tilman Fertitta has been in exclusive talks to buy Caesars Entertainment CZR.O for roughly $7 billion after he topped a competing offer from billionaire investor Carl Icahn's firm.

- A Qatari-backed investment fund Irth has submitted a bid to take pizza chain Papa John's International PZZA.O private and agreed to pay $47 per share, which would value Papa Johns at around $1.5 billion.

- Janus Henderson's board unanimously rejected an unsolicited takeover proposal from Victory Capital, reaffirming its recommendation that shareholders back a previously disclosed take-private transaction by Nelson Peltz's Trian Fund Management and venture firm General Catalyst.

- Cintas CTAS.O, a maker of workplace products, agreed to acquire UniFirst UNF.N in a deal with an enterprise value of $5.5 billion, more than four years after it first bid for the smaller uniform supplier.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))