PRESS DIGEST -Wall Street Journal - February 18

Netflix, Inc. +0.07% Post
Kimberly-Clark Corporation +1.20% Post
Paramount Skydance +0.51% Post
SMART Global Holdings, Inc. 0.00% Post
Warner Bros Discovery +0.70% Post

Netflix, Inc.

NFLX

107.79

98.21

+0.07%

-8.89% Post

Kimberly-Clark Corporation

KMB

97.97

97.97

+1.20%

0.00% Post

Paramount Skydance

PSKY

11.73

11.74

+0.51%

+0.09% Post

SMART Global Holdings, Inc.

SGH

20.85

20.85

0.00%

0.00% Post

Warner Bros Discovery

WBD

27.39

27.40

+0.70%

+0.04% Post

- 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. steelmaker Steel Dynamics STLD.O and Australian conglomerate SGH SGH.AX submitted a sweetened offer for BlueScope Steel BSL.AX that values its equity at roughly $11 billion, and said they wouldn't raise it again unless a rival bidder emerges.

- Warner Bros. Discovery WBD.O said on Tuesday it will restart deal talks with Paramount PSKY.O setting the stage for a potential bidding war with its preferred suitor Netflix NFLX.O. The move comes after Paramount last week sweetened its all-cash $77.9 billion hostile offer for all of Warner Discovery, including its cable channels CNN and TNT.

- The German pharmaceutical and agriculture conglomerate Bayer BAYGn.DE said on Tuesday it proposed to settle a nationwide class-action lawsuit to resolve claims that its flagship herbicide causes cancer. The settlement plan includes setting aside more than $7 billion to fund payments over 21 years.

- Kalshi suffered a blow in its battle to remain available in Nevada, as a federal appeals court rejected its request for a stay on the state's efforts to block the prediction-market platform.

- Kenvue KVUE.N is eliminating 3.5% of its workforce as part of a broader effort to cut costs ahead of its planned acquisition by Kimberly-Clark KMB.O.

- New York City Mayor Zohran Mamdani proposed raising property taxes by nearly 10%, having failed so far to persuade New York Governor Kathy Hochul to increase taxes on corporations and the wealthy.