Press Digest: Wall Street Journal - December 5
05/12/2025 06:28
Dec 5 (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.
- Warner Bros Discovery WBD.O has entered exclusive negotiations for a deal to sell its studios and HBO Max streaming business to Netflix NFLX.O.
- Meta META.O is planning cuts to the metaverse, an arena Chief Executive Mark Zuckerberg once called the future of the company.
- Apple AAPL.O announced plans for two top executives, Lisa Jackson and Kate Adams, to retire, adding to a wave of departures for top leaders at the iPhone-maker.
- Moore Threads, founded in 2020 by a former Nvidia executive, soared more than fourfold versus its initial public offering price on its first day of trading after raising over $1 billion.
- Activist investor Elliott Investment Management is close to striking a settlement agreement with beverage and snacks giant PepsiCo PEP.O, after taking a big stake in the company in September
- Billionaire investor Josh Harris's firm 26North Partners will acquire a 51% stake in Middleby's MIDD.O kitchen-products division, valued at $885 million.
(Compiled by Bengaluru newsroom)
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