Press Digest: Wall Street Journal - October 9

Valero Energy

09/10/2026 06:49

Oct 9 (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.
- SpaceX SPCX.O agreed to acquire cellular spectrum licenses from investment firm Grain Management for about $8 billion in cash, advancing Elon Musk's plan to build a mobile network that competes with established US telecommunications companies. 
- American Airlines AAL.O said it will end involuntary passenger bumping after test programs helped curb the practice, which accounted for 60% of travelers removed from US flights against their wishes last year. 
- Walmart  WMT.O is installing robots in more than a dozen warehouses after earlier automation systems proved ineffective or too costly, as the US retailer pursues a multibillion-dollar effort to streamline merchandise handling. 
- US refiners Valero Energy VLO.N, Marathon Petroleum MPC.N and Phillips 66 PSX.N are positioned to surpass their near-record June-quarter results as wars constrain global energy supplies and strengthen the economics of processing crude into fuel.   
 - Deputy Defense Secretary Steve Feinberg is seeking to accelerate US missile production as American forces expend thousands of weapons in the Iran war, defending his unconventional approach in his first interview since taking office.
 
 

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))