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PRESS DIGEST- Wall Street Journal - Oct 7
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PRESS DIGEST- Wall Street Journal - Oct 7
Oct 6, 2024 11:48 PM

Oct 7 (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.

- Activist investor Starboard Value has taken a roughly $1

billion stake in Pfizer ( PFE ) and wants the struggling

drugmaker to make changes to turn its performance around,

according to people familiar with the matter.

- Mining giant Rio Tinto is in talks to buy New

York-listed lithium producer Arcadium Lithium ( ARLTF ), in its

latest attempt to establish a foothold in the fast-growing

market for a critical mineral used to power electric cars.

- Hurricane Milton is expected to become a powerful Category

4 hurricane with winds exceeding 130 mph over the southern Gulf

of Mexico and is forecast to make landfall on Florida's west

coast on Wednesday.

- The highly anticipated musical sequel to the 2019 hit

"Joker" from Warner Bros.' s movie studio delivered just

$40 million at the domestic box office in its opening weekend,

falling short of already modest industry projections that it

would gross between $50 million and $60 million.

(Compiled by Bengaluru newsroom)

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