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PRESS DIGEST- Wall Street Journal - May 28
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PRESS DIGEST- Wall Street Journal - May 28
May 28, 2024 2:23 AM

May 28 (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.

- Swedish specialty pharmaceutical company Calliditas

Therapeutics received a $1.1 billion takeover bid

from Japan's Asahi Kasei ( AHKSF ).

- ABN AMRO Bank has agreed to acquire Hauck

Aufhauser Lampe, a private bank in Germany for 672 million euros

($730.33 million) from Chinese conglomerate Fosun International ( FOSUF )

.

- Elon Musk's xAI said it raised $6 billion in its latest

fundraising round, as the OpenAI rival looks to invest more in

research and development amid fierce competition in the

burgeoning sector.

- The Japanese automaker Toyota Motor ( TM ) plans to

develop new engines that run on carbon-neutral fuels and are fit

for electrification as part of efforts by the world's largest

carmaker to cut carbon emissions and save jobs at engine-part

suppliers.

($1 = 0.9201 euros)

(Compiled by Bengaluru newsroom)

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