PRESS DIGEST - Wall Street Journal - May 1

Reuters05-01

May 1 (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.

- PG&E is nearing a deal to sell a multibillion-dollar stake in its fleet of power plants to investment giant KKR as the company seeks funding for work intended to prevent its power lines from sparking wildfires.

- Norfolk Southern's chief executive has been endorsed by Institutional Shareholder Services, though the proxy firm is also throwing its support behind five dissident directors in a simmering proxy battle for the railroad's board.

- The Federal Trade Commission is challenging hundreds of pharmaceutical patent listings in an effort to smooth the path to more affordable alternatives to brand-name drugs—including blockbusters such as Ozempic and Victoza.

- Canada's TD Bank said it would set aside $450 million for fines it is likely to face from U.S. regulators because of weaknesses with its anti-money laundering practices.

- Police entered Columbia University's campus late on Tuesday, where they removed pro-Palestinian demonstrators from an academic building they had occupied and from encampments on the school's main plaza.

- Puig Brands has priced its initial public offering at the high end of the previously announced range as it prepares to list on Friday, in what is set to be the largest IPO so far this year.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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