Press Digest: Wall Street Journal - June 25
PRESS DIGEST-Wall Street Journal - June 25 June 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.
- President Donald Trump said he has instructed the Department of Justice to look into oil companies for not lowering gasoline pump prices in line with falling crude costs, accusing the companies of "gouging" customers.
- The Pentagon awarded Lockheed Martin LMT.N a contract worth up to $35 billion for Thaad interceptors to replenish U.S. stockpiles after the Iran war.
- Memory-chip giant SK Hynix 000660.KS plans to raise over $29 billion through a Nasdaq listing to fund expansion amid the AI chip boom.
- Qualcomm QCOM.O agreed to acquire AI software company Modular for about $3.9 billion to make artificial intelligence faster and cheaper.
- LVMH LVMH.PA denied any involvement in a legal dispute brought by Hermes HRMS.PA heir Nicolas Puech over the disappearance of his fortune, saying it is being wrongly implicated in a lawsuit that centres on alleged mismanagement by Puech’s late wealth manager, Eric Freymond.
- Warehouse giant Prologis PLD.N made a $16.6 billion takeover approach for U.K. peer Segro SGRO.L, which the latter unanimously rejected.
(Compiled by Bengaluru newsroom)