Press Digest: Wall Street Journal - June 24

Omnicom

24/06/2025 07:47

June 24 (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.

- C&S Wholesale Grocers agreed to buy SpartanNash SPTN.O  for around $1.77 billion, including debt, looking to expand its supply chain and keep grocery prices low as inflation concerns rise in the United States.

- The U.S. Federal Trade Commission will allow Omnicom Group OMC.N to acquire Interpublic Group IPG.N after the companies promised not to collude on politically motivated ad boycotts.

- New York intends to build a large nuclear-power facility, the first major new U.S. plant undertaken in more than 15 years and a big test of President Donald Trump's promise to expedite permitting for such projects.

    - U.S. semiconductor supplier Wolfspeed WOLF.N signed a restructuring deal with top creditors to cut roughly $4.6 billion in debt through a bankruptcy filing.

    - Hormel Foods HRL.N said former CEO Jeffrey Ettinger will return to helm the Skippy peanut butter maker on an interim basis for 15 months starting July 14.

- The U.S. Supreme Court on Monday cleared the way for the Trump administration to swiftly deport certain migrants to countries they aren't from.

 (Compiled by Bengaluru newsroom)

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