Wall Street Journal - Aug 12



(Corrects headline to add date)

Aug 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.

- Johnson & Johnson JNJ.N will stop selling baby powder made with talc globally in 2023, the company said Thursday. Link

- Calm.com Inc, maker of popular meditation and wellness app Calm, has laid off 20% of its staff, according to a memo sent by Chief Executive David Ko to employees on Thursday. Link

- Samsung Electronics Co Ltd's 005930.KS de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal reprieve underpinned by expectations that the business tycoon will help propel the nation's economy. Link

- The U.S. Securities and Exchange Commission is looking into Melvin Capital Management risk controls and investor disclosure after the hedge fund was crippled by the meme-stock rally last year, said people familiar with the matter. Link

- Walgreens Boots Alliance Inc WBA.O is offering signing bonuses up to $75,000 to pharmacists in some markets as the company struggles to fill jobs amid a chronic worker shortage that became acute during the COVID-19 pandemic. Link

- The Justice Department on Thursday asked a Florida judge to unseal the warrant FBI agents used to search former President Donald Trump's Mar-a-Lago home this week, along with a list of items they took from the property. Link

(Compiled by Bengaluru newsroom)

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