PRESS DIGEST-Wall Street Journal - September 12

Sept 12 (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 MSFT.O and OpenAI have reached a tentative agreement easing tensions over their partnership, clearing a key hurdle for the ChatGPT maker's for-profit restructuring plan, which includes a $100 billion nonprofit endowment and a new ownership structure with both companies each holding around 30% stakes.

- Paramount Skydance PSKY.O, backed by David Ellison, is preparing a bid to acquire Warner Bros. Discovery WBD.O, aiming to combine their storied studios and streaming services like HBO Max and Paramount+, though the deal faces potential regulatory scrutiny and could preempt a bidding war for Warner's studio and streaming unit.

- Canada Prime Minister Mark Carney is advancing five major projects, including LNG Canada's second phase and a small modular nuclear reactor, to boost the economy by $43.28 billion, streamline regulations, and reduce reliance on U.S. trade.

- OpenAI's ambitious deals with Oracle ORCL.N and Broadcom AVGO.O have boosted market valuations but raised concerns over how the startup will fund its massive commitments, as it faces billions in annual losses and relies on explosive AI adoption to meet projected revenues of $100 billion by 2028.

- BuzzFeed is relaunching its flagship YouTube channel, BuzzFeed Video as part of a broader business overhaul focusing on new voices, humor, and strategic shifts toward social platforms, programmatic advertising, affiliate commerce, and AI-driven initiatives.