Press Digest: Wall Street Journal - May 20

TXNM Energy

20/05/2025 07:14

May 20 (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.

- Utility firm TXNM Energy TXNM.N said it would be acquired by the infrastructure unit of Blackstone BX.N in a $11.5 billion deal.

- Wall Street firm Cantor Fitzgerald said that U.S. Commerce Secretary Howard Lutnick agreed to transfer his stake in the firm to his children and a group of investors, and divested assets in two subsidiaries, complying with his U.S. government ethics agreement.

- Regeneron Pharmaceuticals REGN.O said it will buy genomics firm 23andMe Holding for $256 million through a bankruptcy auction, and promised to prioritize the ethical use of DNA data from customers using ancestry testing and other services.

- Wendy McMahon, president and CEO of Paramount Global's PARA.O CBS News, will step down from her position, telling staffers that she and the company have differing views on the path forward.

    - Paramount Group PGRE.N. a major New York City and San Francisco office landlord, is exploring strategic alternatives for its business, which could entail an outright sale of the company.

    - The Trump administration lifted a month-old stop-work order on a major offshore wind facility planned off the coast of New York, Norway's Equinor EQNR.OL, the project's developer, said.

 (Compiled by Bengaluru newsroom)

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