PRESS DIGEST -Wall Street Journal - February 25

Reuters
02/25
PRESS DIGEST -Wall Street Journal - February 25

Feb 25 (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.

- A U.S. judge on Tuesday blocked federal prosecutors from searching devices seized from a Washington Post reporter as part of a leaked investigation, saying he would review their contents for potential evidence.

- Warner Bros Discovery WBD.O opened the door on Tuesday to Paramount Skydance PSKY.O after the rival bidder raised its offer to $31 per share.

- Defense Secretary Pete Hegseth gave Anthropic Chief Executive Dario Amodei until Friday to comply with the Pentagon's demands on using its artificial-intelligence models or face cancellation of the company's contract.

- Meta Platforms META.O agreed to buy 6 gigawatts of AI computing power from Advanced Micro Devices AMD.O in a deal worth over $100 billion.

- Lucid Group LCID.O is laying off around 12% of its U.S. workforce as it reconfigures plans to focus on new models, expansion into robotaxis and development of other technologies.

- Spirit Airlines has reached an agreement with a group of creditors to emerge from bankruptcy by early summer as a smaller company.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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