PRESS DIGEST -Wall Street Journal - March 17

Reuters
03/17
PRESS DIGEST -Wall Street Journal - March 17

March 17 (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.

- Warner Bros Discovery WBD.O Chief Executive David Zaslav could collect more than $800 million in severance and other payments after rival ParamountPSKY.O acquires the media company, Warner said in a securities filing.

- Workers at a critical beef-processing plant the Greeley, Colorado plant owned by JBS went on strike, stifling production at a time when prices for the protein are at record highs.

- The self-storage company Public Storage PSA.N agreed to acquire National Storage Affiliates NSA.N in a $5.63 billion all-stock deal.

- Nebius agreed to a five-year deal worth about $27 billion to supply AI infrastructure capacity to Meta META.O as it continues to see surging demand for its data center computing.

- Target TGT.N plans to rely heavily on artificial intelligence and upgraded technology to help revive its business after years of weak performance, said Chief Information and Product Officer Prat Vemana.

- OpenAI’s senior leadership is preparing a major strategic pivot that will shift the company’s focus toward coding tools and business customers.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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