PRESS DIGEST-Wall Street Journal - August 9

·2 min read

Aug 9 (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.

- As Kewsong Lee's five-year contract was drawing to a close, advisers to Carlyle Group Inc's CEO worked with representatives of the buyout firm to prepare an initial proposal for a new deal but the contract proposal never got a response from Carlyle's board. https://on.wsj.com/3PoMoLD

- The Senate climate bill passed over the weekend offers billions of dollars for electric-vehicle and battery factories, and includes rules that the auto industry says will make it tougher for some consumers to qualify for EV tax breaks. https://on.wsj.com/3A7VW9f

- American Airlines Group Inc said it expects to take its first delivery of a Boeing Co's 787 Dreamliner as soon as Wednesday, its first after a long pause in deliveries of the jet that has created headaches for airlines and the manufacturer. https://on.wsj.com/3djrW1i

- FBI agents searched former U.S. President Donald Trump's Mar-a-Lago home in Palm Beach, Florida, on Monday, which people familiar with the matter said was part of an investigation into Trump's handling of classified information. https://on.wsj.com/3Pf8hwt

- Axios, a digital news site known for bulletin-style articles, agreed to be acquired by Cox Enterprises Inc for a cash deal of $525 million, according to people familiar with the matter, amid a flurry of mergers in the publishing world. https://on.wsj.com/3QduDzO

- Ben & Jerry's board members on Monday called for parent company Unilever Plc to be prevented from transferring the ice cream maker's assets to a local licensee in Israel, saying the brand's products could be used to oppose social issues that it supports. https://on.wsj.com/3SBeplP

- Pfizer Inc has agreed to buy Global Blood Therapeutics Inc for $5.4 billion, in a deal that would give the big drugmaker a foothold in the treatment of sickle-cell disease. https://on.wsj.com/3QxaaFQ

(Compiled by Bengaluru newsroom)