PRESS DIGEST -Wall Street Journal - February 20
Feb 20 (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.
- Amazon AMZN.O surpassed Walmart WMT.O as the country’s largest company by annual revenue. Walmart had $713.2 billion in sales in the year through January 31, compared with Amazon’s $716.9 billion for its most recent full year, a narrow difference that has been years in the making.
-The White House is ratcheting up pressure on Congress to enact President Trump’s proposed ban on investors buying homes, laying out for the first time what sort of investment firms he plans to target.
- Christine Lagarde said she expects completing her mission as president of the European Central Bank will take until the end of her term, amid speculation that she will resign early to allow the French government to help pick her successor before next year’s election.
- President Trump is weighing an initial limited military strike on Iran to force it to meet his demands for a nuclear deal, a first step that would be designed to pressure Tehran into an agreement but fall short of a full-scale attack that could inspire a major retaliation.
- Hims & Hers Health HIMS.N has agreed to acquire digital health company Eucalyptus in a deal valued at $1.15 billion as it seeks to expand its geographic reach.
- Nestlé NESN.S said it would offload its remaining ice-cream business and pull back from a raft of brands as part of a broader plan to revive the packaged-food giant’s fortunes.
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