PRESS DIGEST - Wall Street Journal - Nov 27

Reuters2024-11-27

Nov 27 (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.

- Toronto-based Brazil Potash said its initial public offering included two million shares priced at $15.00 each, raising $30 million, with its shares trading in the U.S. on Wednesday.

- The U.S. government is granting Intel up to $7.87 billion to help fund new chip plants in four states, the largest award in the Biden administration program aimed at reviving American chip-making.

- Evolv Technologies on Tuesday said it has reached an agreement to resolve a Federal Trade Commission inquiry into certain aspects of its prior marketing claims, without admitting wrongdoing.

- Investors in StraightPath Venture Partners funds might begin to see some cash coming back to them within months after a judge approved a court-appointed receiver's plan to unwind the commingled funds that invested in pre-IPO shares.

- Israel approved a cease-fire with Lebanon that is intended to bring a halt to more than a year of fighting with the Hezbollah and could help defuse a broader regional crisis that has threatened to ensnare the U.S. and other world powers.

- U.S. President-elect Donald Trump has selected Stanford health-policy professor Dr. Jay Bhattacharya to head the National Institutes of Health.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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