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PRESS DIGEST- Wall Street Journal - July 5
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PRESS DIGEST- Wall Street Journal - July 5
Jul 5, 2024 12:24 AM

July 5 (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 Canadian government has approved Glencore's ( GLCNF )

$6.93 billion acquisition of miner Teck Resources' ( TECK )

steelmaking coal unit with strict conditions to preserve jobs.

- Global streaming companies said on Thursday they were

challenging new Canadian rules that oblige them to help pay for

local news, saying Canada's federal government had acted

unreasonably and provided no legal basis for the demand.

- Saks Fifth Avenue parent HBC will acquire department-store

chain Neiman Marcus in a $2.65-billion deal, the companies said

on Thursday, giving them stronger negotiating power with vendors

and greater ability to control costs.

- President Joe Biden said "I'm not going anywhere" as he

faced calls by many Democrats to end his re-election bid, using

the Fourth of July celebrations on Thursday to hit back at

doubts about his stamina and mental acuity to continue his

campaign.

- U.S. President Joe Biden and Israel's Prime Minister

Benjamin Netanyahu discussed in a call in Thursday efforts to

finalize a deal for a cease-fire between Israel and Hamas and a

release of hostages held by Hamas.

(Compiled by Bengaluru newsroom)

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