PRESS DIGEST - Wall Street Journal - Jan 21

Reuters
01-21
PRESS DIGEST - Wall Street Journal - Jan 21

Jan 21 (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.

- Bain Capital is in talks to acquire Mitsubishi Chemical Group's 4188.T pharmaceutical business in a potential multibillion-dollar deal, possibly amounting to $3.21 billion.

- Singapore-based Olam Group OLAG.SI is close to announcing a deal to sell the remainder of its stake in its agricultural products business to the state-owned Saudi Agricultural and Livestock Investment Company.

- President Donald Trump signed executive orders to overhaul border and energy policies and end diversity programs across the federal government, unwinding signature Biden administration policies on the first day of his second term.

- The union workers of Costco Wholesale COST.O have authorized a strike after coming to an impasse negotiating with the warehouse retailer two weeks before the current collective agreement is set to expire.

- Telefonica TEF.MC replaced Jose Maria Alvarez-Pallete with Indra's Marc Murtra as executive chair of the company, saying some of its relevant shareholders wanted a change at the helm.

- The Chinese Foreign Ministry said companies can make their own decisions on operations and acquisitions, a reversal of the government's previous position that it would block any forced sale of TikTok.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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