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Press Digest: Wall Street Journal - July 15

PRESS DIGEST -Wall Street Journal - July 15

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

- Lucid Group LCID.O has hired AlixPartners as a financial adviser to counsel the electric-vehicle startup on a turnaround.

- Uber Technologies UBER.N is in advanced talks with the German food-delivery company Delivery Hero DHER.DE, regarding a potential acquisition, following an approach made by Uber in May that valued Delivery Hero at about $11.38 billion.

- Ford Motor's F.N executive chairman Bill Ford said at an Axios event in Washington that the U.S. auto industry has to be prepared to take on China'scompetitive carmakers and expect that one day they will break into America.

- Alcoa AA.N said that it has reached a final investmentdecision with the governments of Australia, Japan and the U.S. to build a gallium production plant at the company’s Wagerup alumina refinery in Western Australia.

- The Writers Guild of America suedParamount PSKY.O over its $110 billion acquisition of Warner Bros. Discovery WBD.O, citing that the merger is anticompetitive and would lead to fewer jobs and suppressed wages for writers.

- Frontier Airlines ULCC.O said it will launch in-flight Wi-Fi using SpaceX's SPCX.O Starlink satellite internet and start installing it across its fleet in early 2027.

Starlink will also provide connectivity for Frontier’s pilots, flight attendants and maintenance teams, among others, which would improve Frontier's operational performance and customer service.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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