Press Digest: Wall Street Journal - May 28

Unusual Machines

28/05/2026 05:40

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)
((globalnewsmonitoring@thomsonreuters.com))