Press Digest: Wall Street Journal - July 25

Pinnacle Financial Partners

25/07/2025 06:59

July 25 (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.

- The Federal Communications Commission (FCC) approved Skydance Media's merger with Paramount Global PARA.O on Thursday, clearing the way for the more than $8 billion deal to close.

- Chevron CVX.N is regaining the ability to pump oil in Venezuela from the Trump administration, in an abrupt reversal in the White House's policy toward the socialist dictatorship.

- Intel INTC.O will cut 15% of its workforce and scrap plans to spend tens of billions of dollars on new chip facilities in Europe, as it takes steps to revive its sagging fortunes.

- Pinnacle Financial PNFP.O Partners will merge with Synovus Financial SNV.N in an all-stock deal valued at $8.6 billion.

    - Charles Schwab's SCHW.N board authorized a new $20 billion stock repurchase plan, replacing the existing program.

    - U.S. President Donald Trump indicated that he wasn't likely to force out Jerome Powell, although he pressed the Federal Reserve Chair to lower interest rates.

 (Compiled by Bengaluru newsroom)

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