PRESS DIGEST- Wall Street Journal - Dec 18
Dec 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.
- Gene-sequencing company Illumina said on Sunday it will divest itself of cancer blood test maker Grail, following Illumina's loss in its legal battle against U.S. antitrust regulators and facing fierce opposition from activist investor Carl Icahn.
- Mitsubishi UFJ Financial Group agreed to buy Link Administration in a deal valuing the Australian financial technology company's equity at A$1.2 billion ($805.20 million).
- Building materials supplier Adbri said it has received a takeover offer from U.S.-based CRH and the Barro Group that values its equity at around $1.41 billion.
- The high-profile case of leading China critic Jimmy Lai opened in Hong Kong on Monday as the newspaper tycoon went on trial under the national security law imposed by Beijing.
- U.S. Senate negotiations on linking border security to Ukraine aid stalled on Sunday, making it less likely that a vote will occur before the Christmas recess.
- Dozens of New York Times employees have formed a group to take a stand on journalistic independence as concerns grow about the potential influence of the labor union that represents the Times and other outlets.
($1 = 1.4903 Australian dollars) (Compiled by Bengaluru newsroom)
