Press Digest: Wall Street Journal - December 9

Galderma AG

09/12/2025 05:24

Dec 9 (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.

- Paramount PSKY.O launched a $77.9 billion hostile takeover bid for Warner Bros Discovery WBD.O at $30 a share, challenging Warner's agreement with Netflix NFLX.O.

- The United States will allow Nvidia's NVDA.O H200 processors, its second-best artificial intelligence chips, to be exported to China and collect a 25% fee on such sales, U.S. President Donald Trump said.

- PepsiCo PEP.O plans to slash costs by reducing nearly 20% of its product lines in the United States by early next year and close several manufacturing lines, which would affect some U.S. and Canadian jobs in the company.

- JPMorgan Chase JPM.N said Todd Combs, investment manager of Berkshire Hathaway BRKa.N, will head the strategic investment group of the firm's new security and resiliency initiative.

- L'Oreal will double its stake in skin care firm Galderma GALD.S to 20%, potentially earning the French company a bigger cut of profits from the booming market for injectable cosmetics like lip filler and anti-wrinkle treatments.

 (Compiled by Bengaluru newsroom)

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