PRESS DIGEST- Wall Street Journal - May 1

Reuters
05/01
PRESS DIGEST- Wall Street Journal - May 1

May 1 (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.

- Tesla TSLA.O board members had reached out about a month ago to several executive search firms to look for a successor for CEO Elon Musk.

- A federal judge ruled that Apple AAPL.O willfully violated an antitrust injunction on App Store restrictions, referring the case to federal prosecutors for a criminal contempt probe.

- The Trump administration is allocating $500 million to a vaccine project led by two scientists recently appointed to senior National Institutes of Health roles, moving away from next-generation Covid-19 vaccines.

- Google GOOGL.O CEO Sundar Pichai urged U.S. District Judge Amit Mehta to reject the Justice Department's "extraordinary" proposals, including forcing the sale of Chrome and sharing user search data with rivals, to curb Google's online search dominance, during a trial on Wednesday.

- The Trump administration finalized a deal with Ukraine granting U.S. access to its mineral resources, resolving last-minute disputes to secure an agreement aimed at offsetting U.S. support in Ukraine's defense against Russia.

- House Republicans are exploring plans to expand restrictions on tax deductions for companies' highest-paid workers' compensation, with the proposals possibly included in a multitrillion-dollar tax-and-spending bill.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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