PRESS DIGEST - Wall Street Journal - June 3

June 2 (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.

- U.S. Federal Emergency Management Agency officials are scrapping a hurricane-response plan that its recently appointed leader, David Richardson, had said was close to completion, according to agency staff.

- The U.S. federal government has proposed removing restrictions on oil and gas development at a 23 million-acre natural reserve in Alaska.

- Telecom company EchoStar SATS.O,is skipping another interest payment as it awaits the conclusion of a review by the Federal Communications Commission.

- Cloud-based data-warehousing company, Snowflake SNOW.N has agreed to acquire database startup Crunchy Data, aiming to win over customers seeking to build their own artificial intelligence agents. The deal is valued at roughly $250 million, according to a person familiar with the matter.

- Walt Disney DIS.N is laying off several hundred people globally across multiple divisions, including marketing for film and television, TV publicity, casting and development, and corporate financial operations, the entertainment conglomerate said Monday.

- The Cybersecurity and Infrastructure Security Agency would have its funding slashed by $495 million to a $2.38 billion allocation in U.S. President Donald Trump's proposed budget for fiscal 2026.