July 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.
- The U.S. Federal Trade Commission reopened and set aside
prior consent orders for Exxon Mobil's ( XOM ) acquisition of
Pioneer Natural Resources and Chevron's ( CVX ) purchase of Hess
, citing a lack of evidence for antitrust violations in
the initial complaints.
- China is threatening to block a sale of over 40 ports,
including two at the Panama Canal, owned by Hong Kong-based CK
Hutchison ( CKHUF ) to BlackRock ( BLK ) and MSC unless Chinese
shipping giant Cosco secures a stake.
- Union Pacific ( UNP ) is in early-stage talks to acquire
Norfolk Southern ( NSC ), aiming to create North America's
largest railroad, though no deal is certain.
- CBS will end "The Late Show With Stephen Colbert" and its
entire late-night franchise in May 2026 when host Stephen
Colbert's contract expires.
- The U.S. Congress approved a $9 billion cut to federal
spending on foreign aid and public broadcasting, passing
President Trump's rescissions package in a 216-213 House vote.
- U.S. President Donald Trump ordered Attorney General
Pam Bondi to seek the release of grand jury testimony in the
Jeffrey Epstein sex-trafficking case, following a Wall Street
Journal report about a 2003 birthday letter bearing Trump's
name.
(Compiled by Bengaluru newsroom)