PRESS DIGEST -Wall Street Journal - February 26

Reuters
02/26
PRESS DIGEST -Wall Street Journal - February 26

Feb 26 (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 Washington Post lost over $100 million last year as financial troubles contributed to a decision to cut staff by 30% earlier this month.

- Australia's BlueScope Steel BSL.AX said the A$15 billion ($10.69 billion) revised proposal from the SGH SGH.AX and U.S.-based Steel Dynamics STLD.O consortium does not adequately address its valuations concerns, adding that there are ways to increase the value for shareholders.

- Self-driving startup Wayve said it has raised $1.2 billion from investors including Mercedes-Benz MBGn.DE, Stellantis STLAM.MI, Nissan 7201.T and Uber UBER.N as it scales up robotaxi deployments and works with global automakers on driver assistance technology.

Former Harvard University President Larry Summers is resigning from his teaching and leadership positions at the university at the end of the academic year.

- The Trump administration is withholding more than a quarter of a million dollars of Medicaid funding from Minnesota, saying the state allowed the theft of federal funds intended for social-welfare programs in the state.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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