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PRESS DIGEST - Wall Street Journal - April 9

ReutersApr 9, 2025 5:01 AM

- The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.

- Asset manager Janus Henderson JHG.N will manage Guardian Life Insurance's $45 billion investment-grade public fixed-income portfolio, the companies said in a statement.

- The U.S.'s largest egg producer Cal-Maine Foods CALM.O is cooperating with a Department of Justice investigation into high egg prices and whether producers have conspired to raise them, the company said.

- The Trump administration has frozen over $1 billion in funding for Cornell University and $790 million for Northwestern University while it investigates both schools over civil rights violations, a U.S. official said.

- The acting head of the Internal Revenue Service Melanie Krause plans to resign, the Treasury Department said, a move that comes after the agency struck a controversial deal to share tax data on undocumented immigrants with federal agents.

- Representatives from top European auto manufacturers, including BMW BMWG.DE, Volkswagen VOWG.DE and Stellantis STLAM.MI, met with European Commission President Ursula von der Leyen and urged politicians on both sides of the Atlantic to lower the tariffs.

- The U.S. Department of Justice is scaling back prosecutors' ability to bring criminal charges against cryptocurrency firms, in a move that could disrupt several ongoing cases and investigations.

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