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PRESS DIGEST- Wall Street Journal - Jan 21
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PRESS DIGEST- Wall Street Journal - Jan 21
Jan 20, 2025 10:24 PM

Jan 21 (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.

- Bain Capital is in talks to acquire Mitsubishi Chemical

Group's ( MTLHF ) pharmaceutical business in a potential

multibillion-dollar deal, possibly amounting to $3.21 billion.

- Singapore-based Olam Group is close to

announcing a deal to sell the remainder of its stake in its

agricultural products business to the state-owned Saudi

Agricultural and Livestock Investment Company.

- President Donald Trump signed executive orders to overhaul

border and energy policies and end diversity programs across the

federal government, unwinding signature Biden administration

policies on the first day of his second term.

- The union workers of Costco Wholesale ( COST ) have

authorized a strike after coming to an impasse negotiating with

the warehouse retailer two weeks before the current collective

agreement is set to expire.

- Telefonica replaced Jose Maria

Alvarez-Pallete with Indra's Marc Murtra as executive chair of

the company, saying some of its relevant shareholders wanted a

change at the helm.

- The Chinese Foreign Ministry said companies can make their

own decisions on operations and acquisitions, a reversal of the

government's previous position that it would block any forced

sale of TikTok.

(Compiled by Bengaluru newsroom)

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