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PRESS DIGEST- Wall Street Journal - Aug 20

Aug 20 (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.


- Twitter Inc and Facebook Inc suspended accounts they believe to be part of a Chinese effort to undermine antigovernment protests in Hong Kong, marking the first time the companies have pointed to China as a source of disinformation campaigns, company representatives said on Monday. https://on.wsj.com/2Z3hrqJ


- Drugmakers Endo International Plc and Allergan Plc are in talks to avoid going to a landmark trial set to begin in October over the opioid crisis, according to people familiar with the matter. https://on.wsj.com/2Z4oyPN


- General Electric Co pushed back further on Monday against claims by an accounting expert that the company hasn't been forthright about its finances. In a new investor update, the company said it believes the current reserves for its long-term-care insurance business are well supported by its portfolio of investments. https://on.wsj.com/2Z1cEpP


- PG&E Corp shares plunged after a judge allowed a trial on whether its equipment caused the second-worst wildfire in California history, a case that could add billions of dollars to the liabilities the bankrupt company faces. https://on.wsj.com/2Z4Ft4S


- The Trump administration agreed Monday to allow some U.S. companies another 90 days to continue doing business with Huawei Technologies Co, a move it said would help small rural telecom carriers dependent on Huawei gear. https://on.wsj.com/2YZXn8O


- A group of states in the United States is preparing to move forward with a joint antitrust investigation of big technology companies, according to people familiar with the situation, adding another layer of scrutiny to an industry already under a federal spotlight. https://on.wsj.com/2Z1dmDv (Compiled by Bengaluru newsroom)