PRESS DIGEST - Wall Street Journal - Feb 20

Reuters02-20

PRESS DIGEST - Wall Street Journal - Feb 20

Feb 20 (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.

- Electric truck maker Nikola NKLA.O said it had filed for Chapter 11 bankruptcy protection and would pursue a sale of its assets, after struggling with high costs and a trucking industry reluctant to abandon diesel engines.

- Advertising conglomerate Interpublic IPG.N has recently signed a new annual deal with Elon Musk's social media platform X for potential client spending.

- Microsoft MSFT.O researchers said on Wednesday that they have created a chip leveraging a new state of matter that would enable it to build vastly more powerful quantum computers.

- Coach parent Tapestry TPR.N will sell its Stuart Weitzman brand to Dr Scholl's footwear owner Caleres CAL.N for $105 million in cash, the companies said on Wednesday.

- U.S. President Donald Trump's Trump Media & Technology Group DJT.O and video-sharing platform Rumble RUM.O sued a Brazilian Supreme Court justice over accusations of illegal censorship on Wednesday.

- Jakob Stausholm, chief executive officer of Rio Tinto RIO.AX, RIO.L, the biggest foreign aluminum importer to the U.S., said on Wednesday that it has contingency plans ready if President Trump imposes a 25% tariff on steel and aluminum imports.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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