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PRESS DIGEST -Wall Street Journal - February 18
Netflix, Inc. NFLX | 99.17 | +0.52% |
Kimberly-Clark Corporation KMB | 104.91 | +0.17% |
Paramount Skydance Corporation Class B PSKY | 11.74 | -2.57% |
SMART Global Holdings, Inc. SGH | 20.85 | 0.00% |
Warner Bros. Discovery, Inc. Series A WBD | 28.00 | +0.18% |
Feb 18 (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. 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.


