Press Digest: Wall Street Journal - April 23

Lululemon Athletica

23/04/2026 05:49

April 23 (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.

Microsoft MSFT.O will invest $18 billion in cloud and artificial-intelligence infrastructure in Australia by the end of 2029, marking its largest ever investment in the country.

Lululemon Athletica LULU.O picked a former top Nike executive as its next chief executive as the athletic apparel retailer known for its stretchy yoga pants faces pressure from its founder and a large activist investor to revive its struggling business, the company said.

The Trump administration is nearing a rescue deal for Spirit Airlines, offering a loan of up to $500 million for a potential significant stake.

U.S. Navy Secretary John Phelan has been fired after months of simmering tension with Defense Secretary Pete Hegseth.

The Trump administration is exploring lifting sanctions on Eritrea to reset ties amid Iran’s threats to Red Sea maritime corridors.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))