PRESS DIGEST - Wall Street Journal - Dec 4

Reuters
2024-12-04
PRESS DIGEST - Wall Street Journal - Dec 4

Dec 4 (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.

- U.S. President-elect Donald Trump is considering dropping his nominee to lead the Pentagon, Pete Hegseth, and nominating Florida Governor Ron DeSantis in his place.

- South Korean President Yoon Suk Yeol said on Wednesday he would lift a surprise martial law declaration he had imposed just hours before, backing down in a standoff with parliament which roundly rejected his attempt to ban political activity and censor the media.

- U.S. President-elect Donald Trump's choice to lead the Drug Enforcement Administration, Chad Chronister, said on Tuesday he was withdrawing from consideration, becoming the second Trump pick to do so soon after being nominated.

- Wells Fargo WFC.N is exploring the sale of the San Francisco building where its headquarters are located.

- Prudential Financial PRU.N said Executive Chairman Charles Lowrey will step down as chief executive next year and be succeeded by an executive vice president at the company.

- Logistics services provider GXO Logistics GXO.N CEO Malcolm Wilson informed the board of his decision to retire in 2025.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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