Press Digest: Wall Street Journal - May 9

McKesson

09/05/2025 05:52

May 9 (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. real estate firm CoStar CSGP.O will acquire Domain DHG.AX for A$3 billion ($1.92 billion), including debt, the Australian property listings platform said on Friday.

- McKesson MCK.N said on Thursday it plans to separate its medical-surgical business into a new company.

- 1-800-Flowers's FLWS.O founder and CEO Jim McCann said on Thursday he plans to step away from the CEO role at the company, where sales have declined in recent quarters.

- U.S. President Donald Trump said on Thursday his administration and the U.K. agreed to the outlines of a deal on trade, the first in what the White House hopes will be a series of agreements in the wake of U.S. tariffs imposed on allies and adversaries alike.

- Volkswagen VOWG.DE is recalling its retro-inspired ID. Buzz electric van as the back seat doesn't have enough seat belts for American regulations.

- U.S. President Donald Trump, who rejected a "millionaire tax" on April 23, is now considering backing a tax structure that would return the top individual income-tax rate to 39.6% from 37% for people making over $2.5 million.

 (Compiled by Bengaluru newsroom)

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