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 suspended leases for five large offshore wind projects that are under construction off the U.S. East Coast over what it called national security concerns, sending shares of offshore wind companies plunging.
- Oracle ORCL.N co-founder Larry Ellison has stepped in to personally guarantee $40.4 billion in Paramount Skydance's PSKY.O latest effort to pry Warner Bros Discovery WBD.O away from selling its prized Hollywood assets to streaming giant Netflix NFLX.O.
- Netflix NFLX.O has refinanced a part of its $59 billion bridge loan to support its potential acquisition of Warner Bros Discovery's WBD.O film, TV studios and streaming assets.
- The U.S. Food and Drug Administration approved Novo Nordisk's NOVOb.CO weight-loss pill, giving the Danish drugmaker a leg up in the race to market a potent oral medication for shedding pounds as it looks to regain lost ground from rival Eli Lilly LLY.N.
- Nelson Peltz's Trian and VC firm General Catalyst have agreed to buy asset manager Janus Henderson JHG.N for $7.4 billion, bringing to a close a more than five-year activist campaign by the billionaire's hedge fund.
- Cintas CTAS.O has submitted another offer to acquire smaller uniform supplier UniFirst UNF.N after proposing earlier this month to buy all outstanding common and Class B shares for $275 apiece, implying a total deal value of roughly $5.2 billion.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))