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PRESS DIGEST- Wall Street Journal - May 9
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PRESS DIGEST- Wall Street Journal - May 9
May 26, 2025 4:47 AM

May 9 (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.

- U.S. real estate firm CoStar ( CSGP ) will acquire Domain

for A$3 billion ($1.92 billion), including debt, the

Australian property listings platform said on Friday.

- McKesson said on Thursday it plans to separate its

medical-surgical business into a new company.

- 1-800-Flowers's founder and CEO Jim McCann said

on Thursday he plans to step away from the CEO role at the

company, where sales have declined in recent quarters.

- U.S. President Donald Trump said on Thursday his

administration and the U.K. agreed to the outlines of a deal on

trade, the first in what the White House hopes will be a series

of agreements in the wake of U.S. tariffs imposed on allies and

adversaries alike.

- Volkswagen is recalling its retro-inspired ID.

Buzz electric van as the back seat doesn't have enough seat

belts for American regulations.

- U.S. President Donald Trump, who rejected a "millionaire

tax" on April 23, is now considering backing a tax structure

that would return the top individual income-tax rate to 39.6%

from 37% for people making over $2.5 million.

(Compiled by Bengaluru newsroom)

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