PRESS DIGEST-Wall Street Journal - May 18
May 18 (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.
- Private-equity firms Francisco Partners and TPG are working together on a $5 billion-plus bid to acquire software company New Relic, according to people familiar with the matter.
- Charles Schwab is selling $2.5 billion in long-term debt, people familiar with the matter said.
- Montana Governor Greg Gianforte on Wednesday signed legislation to ban Chinese-owned TikTok from operating in the state to protect residents from alleged intelligence gathering by China, making it the first U.S. state to ban the popular short video app.
- A U.S. federal appeals court expressed skepticism of U.S. President Joe Biden's administration arguments that judges shouldn't second-guess the Food and Drug Administration's approval of a widely used abortion pill.
- Deutsche Bank has agreed to pay $75 million to settle a proposed class-action lawsuit charging that the financial institution facilitated Jeffrey Epstein's sex-trafficking ring, said lawyers who sued the bank on behalf of alleged victims.
- The U.S. State Department on Wednesday said scrambling to account for dead and missing embassy personnel in Nigeria a day after an attack on a U.S. convoy killed at least four people.
(Compiled by Bengaluru newsroom)
