PRESS DIGEST -Wall Street Journal - Dec 10

Reuters
10 Dec 2024

Dec 10 (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.

- Rupert Murdoch has lost a bid to change his family trust to consolidate control of his media empire in the hands of his son Lachlan.

- Consulting giant McKinsey & Co is admitting about 200 employees into its partnership, one of the smallest groups in years, down about 20% from last year and half as many new partners as in recent years.

- China said on Monday it has launched an investigation into Nvidia over suspected violations of the country's anti-monopoly law, a probe widely seen as a retaliatory shot against Washington's latest curbs on the Chinese chip sector.

- Omnicom Group has struck a $13.25 billion all-stock deal to buy rival Interpublic Group , creating the world's largest advertising agency as traditional players look to better compete with Big Tech firms amid accelerating use of AI.

- Warner Bros Discovery signed a multi-year deal with Comcast that lays the groundwork for the European launch of the Max streaming service, and resolves a dispute over a coming "Harry Potter" TV series.

- Packaging firm Novolex will buy rival Pactiv Evergreen

in a $6.7 billion deal, as the Apollo Global Management-owned firm looks to bolster its business of food and beverage packaging in a cautious economic environment.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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