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PRESS DIGEST-Wall Street Journal - March 12
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PRESS DIGEST-Wall Street Journal - March 12
Mar 11, 2026 10:24 PM

March 12 (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.

- In a rapid reversal that left U.S. allies stunned, the

Trump administration shifted from opposing the largest-ever

intervention in oil markets to cajoling allies into moving

forward with the maneuver in a matter of hours.

- A federal judge granted Amazon ( AMZN ) a preliminary

injunction earlier this week barring Perplexity from using an AI

agent from its Comet browser to access password-protected parts

of Amazon's ( AMZN ) website to shop on behalf of a human customer while

the case winds its way through court.

- Billionaire Tilman Fertitta has been in exclusive talks to

buy Caesars Entertainment ( CZR ) for roughly $7 billion after

he topped a competing offer from billionaire investor Carl

Icahn's firm.

- A Qatari-backed investment fund Irth has submitted a bid

to take pizza chain Papa John's International private

and agreed to pay $47 per share, which would value Papa Johns ( PZZA ) at

around $1.5 billion.

- Janus Henderson's board unanimously rejected an

unsolicited takeover proposal from Victory Capital, reaffirming

its recommendation that shareholders back a previously disclosed

take-private transaction by Nelson Peltz's Trian Fund Management

and venture firm General Catalyst.

- Cintas ( CTAS ), a maker of workplace products, agreed to

acquire UniFirst ( UNF ) in a deal with an enterprise value of

$5.5 billion, more than four years after it first bid for the

smaller uniform supplier.

(Compiled by Bengaluru newsroom)

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