PRESS DIGEST -Wall Street Journal - August 19

Aug 19 (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.

- Sinclair SBGI.O has proposed merging its broadcast TV business with Tegna TGNA.N, excluding its Ventures unit, in a deal valuing Tegna shares at $25–$30.

- SoftBank 9984.T invested $2 billion in Intel INTC.O for a 2% stake, while the U.S. is considering converting Chips Act funds into a 10% equity stake to support Intel's turnaround and boost domestic chip manufacturing.

- U.S. President Donald Trump proposed one-on-one talks between Ukrainian President Volodymyr Zelenskiy and Russian President t Vladimir Putin as a step toward a potential three-way summit to end the Ukraine war, while European leaders pushed for security guarantees and peace terms amid ongoing tensions.

- Australian biotech giant CSL CSL.AX will spin off its flu vaccine unit Seqirus into a separately listed company and cut up to 3,000 jobs—around 15% of its workforce—due to a shift in public attitudes toward vaccines in the U.S. and a threat of tariffs.

- Lawmakers scored a win for transparency as the Trump administration was forced to restore a federal spending website, following a court order and bipartisan pressure over hidden budget data and frozen funds.