PRESS DIGEST -Wall Street Journal - January 8
Jan 8 (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. President Donald Trump is planning a sweeping initiative to dominate the Venezuelan oil industry for years to come and told aides he believes his efforts could help lower oil prices to his favored level of $50 a barrel.
- JPMorgan Chase JPM.N has reached a deal to take over the Apple AAPL.O credit-card program from Goldman Sachs GS.N.
- Warner Bros. Discovery WBD.O recommended its shareholders reject Paramount’s PSKY.O amended hostile bid for the company, saying its existing deal with Netflix NFLX.O is stronger.
- AbbVie ABBV.N is in advanced talks to buy cancer-drug biotech Revolution Medicines RVMD.O.
- Toll Brothers TOL.N Executive Vice President Karl Mistry will become the homebuilder's new chief executive, taking over from Douglas Yearley who will become executive chairman of the board.
- A year-long investigation into Bank of America BAC.N by India’s financial regulator found that the bank improperly shared material non-public information about a $180 million block trade of stock and then misled the authorities about it.
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