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Wall Street Journal - July 5



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July 5 (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.


- The Canadian government has approved Glencore's GLEN.L $6.93 billion acquisition of miner Teck Resources' TECKb.TO steelmaking coal unit with strict conditions to preserve jobs.


- Global streaming companies said on Thursday they were challenging new Canadian rules that oblige them to help pay for local news, saying Canada's federal government had acted unreasonably and provided no legal basis for the demand.


- Saks Fifth Avenue parent HBC will acquire department-store chain Neiman Marcus in a $2.65-billion deal, the companies said on Thursday, giving them stronger negotiating power with vendors and greater ability to control costs.


- President Joe Biden said "I'm not going anywhere" as he faced calls by many Democrats to end his re-election bid, using the Fourth of July celebrations on Thursday to hit back at doubts about his stamina and mental acuity to continue his campaign.

- U.S. President Joe Biden and Israel's Prime Minister Benjamin Netanyahu discussed in a call in Thursday efforts to finalize a deal for a cease-fire between Israel and Hamas and a release of hostages held by Hamas.


(Compiled by Bengaluru newsroom)

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