Press Digest: Wall Street Journal - May 28
PRESS DIGEST -Wall Street Journal - May 28 May 28 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.
- The Trump administration is in talks to provide funding to some drone companies, including Unusual Machines UMAC.A and Sequoia Capital-backed Neros.
- Nuclear power developer Newcleo said that it plans to go public through a merger with a blank-check company in a deal valuing it at about $2.4 billion.
- Athletic-apparel company Lululemon Athletica LULU.O reached a deal with founder Chip Wilson, who will name two board directors and agree to an 18-month standstill.
- Chip-design software company Synopsys SNPS.O will add Jesse Cohn, a managing partner at Elliott Investment Management, to its board of directors on June 1.
- Bollore Group BOLL.PA called on Universal Music Group UMG.AS to reject a $65 billion bid from Bill Ackman’s Pershing Square Capital PS.N.
- A Google GOOGL.O software engineer was charged with fraud and money laundering for allegedly earning $1.2 million by illegally trading on Polymarket using nonpublic search data.
(Compiled by Bengaluru newsroom)
Recent news on Unusual Machines
See all newsUnusual Machines rallies on funding talks report, lifts drone peers
Unusual Machines shares rally on funding talks report
Press Digest: Wall Street Journal - May 28
Trump administration in talks to fund US drone companies, WSJ reports (updated)
Trump administration in talks to fund US drone companies, WSJ reports