PRESS DIGEST -Wall Street Journal - July 23

Paramount Skydance
IBM Corp
Union Pacific Corporation
Core Natural Resources Inc. Ordinary Shares
Penske Automotive Group, Inc.

Paramount Skydance

PSKY

0.00

IBM Corp

IBM

0.00

Union Pacific Corporation

UNP

0.00

Core Natural Resources Inc. Ordinary Shares

CNR

0.00

Penske Automotive Group, Inc.

PAG

0.00

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.


- Union Pacific UNP.N struck a deal with Canadian National Railway CNR.TO to give the Montreal railroad further access in the Midwest in exchange for ending its opposition to the American railroad company's $71.5 billion merger with Norfolk Southern NSC.N.


- The European Union approved Paramount's PSKY.O $81 billion bid to buy Warner Bros Discovery WBD.O after the companies offered concessions related to film distribution in Europe.


- IBM IBM.N CEO Arvind Krishna pushed to shift the company’s sales force further from large licensing deals to consumption-based cloud models, after the tech giant lowered its full-year revenue growth forecast.


- Taco Bell executives convened late-night meetings and set up a war room to manage the chain’s response to a cyclospora outbreak linked to shredded lettuce, with officials diverting supply trucks and mobilizing field teams to throw out cases of lettuce linked to the disease.


- U.S. warehouse landlord Prologis PLD.N sweetened its final takeover bid for U.K. rival Segro SGRO.L to 14 billion pounds ($18.74 billion) and ruled out further increases.


- Penske Corp and Mitsui 8031.T proposed to buy out Penske Automotive Group PAG.N in a deal potentially worth $3.78 billion, offering $210 a share to take the auto dealership chain private.

($1 = 0.7471 pounds)