Press Digest: Wall Street Journal - May 18

New Relic

18/05/2023 07:03

May 18 (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.
    
    - Private-equity firms Francisco Partners and TPG  TPG.O 
are working together on a $5 billion-plus bid to acquire
software company New Relic  NEWR.N , according to people
familiar with the matter.
    
    - Charles Schwab  SCHW.N  is selling $2.5 billion in
long-term debt, people familiar with the matter said. 
    
    - Montana Governor Greg Gianforte on Wednesday signed
legislation to ban Chinese-owned TikTok from operating in the
state to protect residents from alleged intelligence gathering
by China, making it the first U.S. state to ban the popular
short video app.
    
    - A U.S. federal appeals court expressed skepticism of U.S.
President Joe Biden's administration arguments that judges
shouldn't second-guess the Food and Drug Administration's
approval of a widely used abortion pill.
        
  
        - Deutsche Bank  DBKGn.DE  has agreed to pay $75 million
to settle a proposed class-action lawsuit charging that the
financial institution facilitated Jeffrey Epstein's
sex-trafficking ring, said lawyers who sued the bank on behalf
of alleged victims.
        
  
        - The U.S. State Department on Wednesday said scrambling
to account for dead and missing embassy personnel in Nigeria a
day after an attack on a U.S. convoy killed at least four
people.
        
  
        
  

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