Press Digest: Wall Street Journal - May 6

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06/05/2025 07:04

May 6 (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.

- OpenAI abandoned an effort to place its juggernaut artificial-intelligence business under control of a for-profit entity and will instead remain under its founding nonprofit board.

- The U.S. government will not provide Harvard University with any new federal grants, Education Secretary Linda McMahon told the school.

- Rite Aid RTA1.GTX filed for bankruptcy on Monday, its second chapter 11 filing within two years, to look for buyers for its assets.

- Mattel's MAT.O CEO said the company was moving more of its production out of China, lobbying the Trump administration to exempt toys from tariffs and making plans to raise prices on American toys.

    - Sneaker brand Skechers SKX.N has agreed to be taken private by 3G Capital for $9.42 billion.

    -  U.S. fuel supplier Sunoco SUN.N has struck a $9.1-billion deal to buy Canada-based Parkland PKI.TO.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))