Press Digest: Wall Street Journal - July 2
PRESS DIGEST -Wall Street Journal - July 2 July 2 (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.
- Japanese pharmaceutical major Takeda 4502.T is forging an AI drug-discovery partnership with biotech firm InSilico 3696.HK with a potential initial value of $600.0 million.
- Northern Star NST.AX picked the head of Glencore's GLEN.L nickel and zinc industrial assets to be its next chief executive, as it faces pressure from activist investor Elliott Investment Management for change.
- "The United States did not agree to renew the USMCA in its current form," U.S. Trade Representative Jamieson Greer said on Wednesday, the deadline for the three countries to extend the USMCA for 16 years, something Canada and Mexico were eager to do.
- France's CMA CGM, the world's third-largest container line by capacity, is acquiring FedEx FDX.N Supply Chain for $1.4 billion in a deal that extends its reach into the growing market for third-party logistics services.
- Alibaba Group 9988.HK and AUS Merchant Services agreed to pay $600 million to resolve allegations from the Justice Department that they allowed merchants to sell and import illegal pharmaceuticals and other restricted items into the United States.
(Compiled by Bengaluru newsroom)