Press Digest: Wall Street Journal - Jan 7

Inari Medical

07/01/2025 05:39

Jan 7 (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.
    
    - U.S. Steel  X.N  and Nippon Steel  5401.T  have filed
lawsuits accusing President Biden, the steelworkers union
president, and a rival CEO of conspiring to block their $14.1
billion merger, following Biden's rejection of the deal over
national security concerns.
    
    - U.S. oil refiner Phillips 66  PSX.N  said on Monday it
will acquire various pipelines and distribution systems from
Ares-backed pipeline operator EPIC NGL in an all-cash deal for
$2.2 billion.
    
    -  Medical-device maker Stryker has agreed to acquire
medical technology company Inari Medical  NARI.O  in a $4.9
billion deal, offering $80 per share for all outstanding common
stock.
    
    - Ulta Beauty  ULTA.O  has named Kecia Steelman as its new
CEO, succeeding David Kimbell, who will retire after 11 years
with the company, as the company seeks to revive sales amid a
global beauty market slowdown.
    
        
  
        - Wireless network company Ligado Networks filed for
bankruptcy, with a plan to cut more than $7 billion in debt
after U.S. government agencies blocked its planned expansion
into land-based 5G wireless services.
    
        
  
        - Michael Barr, the Federal Reserve's top regulatory
cop, said he will step down by February, in a surprise move that
will avert a potentially messy legal fight with President-elect
Donald Trump who is now free to replace him with an official of
his choosing.
        
  
        
  

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))