PRESS DIGEST - Wall Street Journal - February 27

Reuters
02-27
PRESS DIGEST - Wall Street Journal - February 27

Feb 27 (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 Trump administration on Wednesday asked federal agencies to draw up plans to cut staff, review existing contracts and freeze workers' credit cards, accelerating the president's efforts to drastically reduce the government's scope and spending.

- A Canadian regulator said on Wednesday it will impose a fee on Alphabet's GOOGL.O Google to recover the cost of enforcing a law that requires large internet platforms to pay for news content on their websites.

- Bank of New York Mellon BK.N on Wednesday announced a multi-year relationship with artificial intelligence heavyweight OpenAI.

- Activist investor Nelson Peltz's Trian Fund Management plans to push Solventum SOLV.N to separate more of its businesses after the company's $4.1 billion deal to sell its filtration unit.

- Puerto Rico-based artificial intelligence entertainment company has taken fresh interest in Alex Jones's Infowars despite a court ruling blocking previous sale attempts and roughly $1 billion in judgments against the company.

- U.S. Supreme Court Chief Justice John Roberts on Wednesday paused a federal judge's order requiring President Donald Trump's administration to pay foreign aid funds to contractors and grant recipients.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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