Press Digest: Wall Street Journal - May 15

Iridium Communications

15/05/2026 07:41

May 15 (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.

- Stellantis  STLAM.MI and its longtime Chinese partner Dongfeng on Friday signed an approximately 1 billion euro ($1.16 billion) deal to produce Peugeot- and Jeep-branded vehicles in China for the domestic market as well as export, the automaker said on Friday.

- AT&T T.N , T-Mobile US TMUS.O and Verizon Communications VZ.N are teaming up to boost coverage and connectivity in remote regions across the United States.

- Satellite operator Iridium Communications IRDM.O agreed to take full control of Aireon joint venture, betting it can grow the air data provider into a bigger business.

- Boeing BA.N and Toyota donated $1 million each to help fund a new reality-television inspired show starring Transportation Secretary Sean Duffy with his family on a road trip.

 - Luxury group LVMH LVMH.PA has agreed to sell fashion brand Marc Jacobs to a joint venture between brand manager WHP Global and apparel company G-III Apparel Group GIII.O, which are raising up to $850 million to fund the deal.

 - The Republican-led Senate Banking Committee on Thursday advanced long-awaited legislation that would create regulations for cryptocurrencies - a landmark step for the bill which has been bogged down by a dispute between crypto companies and banks.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))