Press Digest: Wall Street Journal - August 7

TKO group

07/08/2025 06:37

Aug 7 (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.

- Activist investor Starboard Value has a more than 9% stake in Rogers Corp ROG.N and plans to seek another round of changes at the engineering-materials maker to boost shares.

- Disney's DIS.N ESPN and TKO Group's TKO.N World Wrestling Entertainment have reached a more than $1.6 billion agreement that will give the sports-media company exclusive rights to many of WWE's most high-profile events.

- U.S. President Donald Trump said he would impose roughly 100% tariffs on all chips coming into the U.S. but exempt tech companies that have promised to manufacture domestically, a big win for Apple AAPL.O and other electronics firms worried about new trade challenges.

- United Airlines UAL.O flights started taking off again late Wednesday, a few hours after a systemwide technology issue  prompted the carrier to halt departures.

    - The Federal Trade Commission has moved to block Edwards Lifesciences' EW.N proposed acquisition of medical-device company JenaValve Technology.

    - Microsoft MSFT.O is recruiting top talent from Google's GOOGL.O DeepMind, to encourage a startup-like culture and also lucrative offers.

 (Compiled by Bengaluru newsroom)

 ((globalnewsmonitoring@thomsonreuters.com))