Wall Street Journal - Sept 5
Sept 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.
- Johnson & Johnson JNJ.N is expected to secure more votes in favor of its talc settlement plan after increasing its offer to claimants, which has swayed a longtime legal adversary, the company said Wednesday.
- Jeep's parent company Stellantis STLAM.MI has pressed pause on making two of its top-selling U.S. models, as its factories temporarily stopped producing the Jeep Wrangler and Grand Cherokee sport-utility vehicles in the past week.
- Private-equity firm KKRKKR.N will launch a tender offer to acquire Japanese software developer Fuji Soft 9749.T following a higher counter bid from rival Bain Capital.
- Nvidia NVDA.O is investing in Sakana AI and partnering with the artificial intelligence research company to spur AI development in Japan.
- U.S. Steel's X.N chief executive David Burritt said the company would close steel mills if its planned sale to Nippon Steel 5401.T collapses, as the Biden administration is moving closer to blocking the deal.
- Verizon VZ.N is in advanced talks to acquire Frontier Communications FYBR.O in a deal that would bolster the company's fiber network to compete with rivals including AT&T T.N.
(Compiled by Bengaluru newsroom)
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