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PRESS DIGEST- Wall Street Journal - Dec 13
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PRESS DIGEST- Wall Street Journal - Dec 13
Dec 12, 2024 10:07 PM

Dec 13 (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.

- The transition team of U.S. President-elect Donald Trump

has started to explore pathways to dramatically shrink,

consolidate or even eliminate the top bank watchdogs in

Washington.

- Chinese President Xi Jinping is not planning to attend

U.S. President-elect Donald Trump's inauguration next month

despite being invited, but he might send a senior official to

represent him, according to people close to Beijing's thinking.

- U.S. President-elect Donald Trump threw his support behind

a dockworker's union locked in contentious labor talks with port

employers as Harold Daggett, the head of the International

Longshoremen's Association, met with Trump at his Mar-a-Lago

estate in Florida on Thursday.

- Warner Bros Discovery ( WBD ) said it is restructuring

into two operating divisions, one focused on the legacy cable TV

business and the other on streaming and studios.

- Australian wealth manager Insignia Financial ( IOOFF )

received a A$2.7 billion ($1.72 billion) non-binding takeover

proposal from Boston-based Bain Capital.

- Amazon.com ( AMZN ) is planning a $1 million donation

to U.S. President-elect Donald Trump's inaugural fund, as

founder Jeff Bezos and other tech leaders shore up ties with the

incoming administration.

($1 = 1.5731 Australian dollars)

(Compiled by Bengaluru newsroom)

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