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PRESS DIGEST- Wall Street Journal - May 1
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PRESS DIGEST- Wall Street Journal - May 1
Apr 30, 2024 10:55 PM

May 1 (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.

- PG&E ( PCG ) is nearing a deal to sell a

multibillion-dollar stake in its fleet of power plants to

investment giant KKR as the company seeks funding for

work intended to prevent its power lines from sparking

wildfires.

- Norfolk Southern's ( NSC ) chief executive has been

endorsed by Institutional Shareholder Services, though the proxy

firm is also throwing its support behind five dissident

directors in a simmering proxy battle for the railroad's board.

- The Federal Trade Commission is challenging hundreds of

pharmaceutical patent listings in an effort to smooth the path

to more affordable alternatives to brand-name drugs-including

blockbusters such as Ozempic and Victoza.

- Canada's TD Bank said it would set aside $450

million for fines it is likely to face from U.S. regulators

because of weaknesses with its anti-money laundering practices.

- Police entered Columbia University's campus late on

Tuesday, where they removed pro-Palestinian demonstrators from

an academic building they had occupied and from encampments on

the school's main plaza.

- Puig Brands has priced its initial public offering at

the high end of the previously announced range as it prepares to

list on Friday, in what is set to be the largest IPO so far this

year.

(Compiled by Bengaluru newsroom)

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