Press Digest: Wall Street Journal - March 5

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05/03/2026 07:30

March 5 (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.

- Morgan Stanley MS.N is laying off about 3% of its workforce, or 2,500 people, across its major divisions.

- CBS Mornings co-host Gayle King signed a new deal with CBS News securing a high-profile network talent during a dramatic shake-up of the news organization.

- A federal trade-court judge ordered the Trump administration to refund over $130 billion in global tariffs invalidated by the Supreme Court.

- Activist investor Elliott Investment Management injected $1 billion into Pinterest PINS.N, which the company will use to repurchase shares.

    - OpenAI’s former chief research officer is raising $70 million for a new startup building an AI and software platform to automate manufacturing.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))