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PRESS DIGEST-Wall Street Journal - May 20
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PRESS DIGEST-Wall Street Journal - May 20
May 26, 2025 10:38 AM

May 20 (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.

- Utility firm TXNM Energy ( TXNM ) said it would be

acquired by the infrastructure unit of Blackstone in a

$11.5 billion deal.

- Wall Street firm Cantor Fitzgerald said that U.S. Commerce

Secretary Howard Lutnick agreed to transfer his stake in the

firm to his children and a group of investors, and divested

assets in two subsidiaries, complying with his U.S. government

ethics agreement.

- Regeneron Pharmaceuticals ( REGN ) said it will buy

genomics firm 23andMe Holding for $256 million through a

bankruptcy auction, and promised to prioritize the ethical use

of DNA data from customers using ancestry testing and other

services.

- Wendy McMahon, president and CEO of Paramount Global's ( PARAA )

CBS News, will step down from her position, telling

staffers that she and the company have differing views on the

path forward.

- Paramount Group ( PGRE ). a major New York City and

San Francisco office landlord, is exploring strategic

alternatives for its business, which could entail an outright

sale of the company.

- The Trump administration lifted a month-old stop-work

order on a major offshore wind facility planned off the coast of

New York, Norway's Equinor ( EQNR ), the project's developer,

said.

(Compiled by Bengaluru newsroom)

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