PRESS DIGEST -Wall Street Journal - July 29

Verizon Communications Inc. +0.32%
Procter & Gamble Company +1.79%
Cadence Design Systems, Inc. -2.04%
Bristol-Myers Squibb Company -1.25%
Dow Jones Industrial Average -0.47%

Verizon Communications Inc.

VZ

40.88

+0.32%

Procter & Gamble Company

PG

147.81

+1.79%

Cadence Design Systems, Inc.

CDNS

313.02

-2.04%

Bristol-Myers Squibb Company

BMY

53.55

-1.25%

Dow Jones Industrial Average

DJI

47885.97

-0.47%

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


- Procter & Gamble PG.N said operating chief Shailesh Jejurikar will be its new CEO, succeeding Jon Moeller, effective January 1, 2026.


- California-based Cadence Design CDNS.O agreed to plead guilty and pay more than $140 million to resolve U.S. charges for selling its chip design products to a Chinese military university believed to be involved in simulating nuclear explosions.


- U.S. drugmaker Bristol Myers Squibb BMY.N and private equity firm Bain Capital will launch an independent company focused on developing immunology drugs, backed by Bain's $300 million financing round.


- The Trump administration is considering charging patent holders 1% to 5% of their overall patent value, a shift that could dramatically increase fees, a move that would likely fuel pushback from businesses.

- U.S. Telecommunications giant Verizon Communications VZ.N is moving its headquarters to a larger office space in Manhattan as it ramps up in-office requirements for most of its management employees.

- Shareholders of British fintech Wise Plc WISEa.L approved plans to shift the company's primary stock market listing to the U.S. from the London Stock Exchange.


(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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