Press Digest: Wall Street Journal - May 21

Wendys Co

21/05/2026 06:28

May 21 - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Intuit INTU.O plans to lay off 17% of its workforce to invest savings into artificial intelligence and improve efficiency.

- Robert Wright will return to Wendy’s WEN.O as chief executive officer, effective Thursday, to reverse a slump in U.S. sales.

- Two major apartment owners, AvalonBay Communities AVB.N and Equity Residential EQR.N, are nearing a deal to combine.

- SpaceX said in an SEC filing it may launch a stock sale as early as next month, potentially raising $80 billion or more.

  - James Murdoch’s Lupa Systems agreed to buy Vox Media’s New York magazine, Vox news site, and podcast division for about $300 million.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))