PRESS DIGEST- Wall Street Journal - May 17

·1 min read

May 17 (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.

- Microsoft Corp's board members decided that Bill Gates needed to step down from its board in 2020 as they pursued an investigation into the billionaire's prior romantic relationship with a female Microsoft employee that was deemed inappropriate, people familiar with the matter said. https://on.wsj.com/3uSf0Du

- AT&T Inc is in talks to combine its sprawling WarnerMedia division with Discovery Inc, according to people familiar with the matter. https://on.wsj.com/3uVCJT7

- J.Crew Group Inc, the retailer known for its preppy styles, is turning to an occasional-Mohawk-sporting designer with a skateboarding pedigree to revive the struggling brand. https://on.wsj.com/2SXAvVh

- Bright Machines is nearing a merger with a special-purpose acquisition company to go public in a deal that would value the manufacturing-automation business at about $1.6 billion, according to people familiar with the matter. https://on.wsj.com/3v64SXX

(Compiled by Bengaluru newsroom)

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