PRESS DIGEST- Wall Street Journal - Nov 25

Reuters
·2 min read

Nov 25 (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.

- The U.S. Centers for Disease Control and Prevention may soon shorten the length of time it recommends that a person self-quarantine after potential exposure to the coronavirus, hoping that such a step will encourage more people to comply, a top agency official said. (https://on.wsj.com/3634TS7)

- Purdue Pharma LP pleaded guilty to three federal felonies related to the marketing and distribution of its powerful opioid painkiller OxyContin, ending the bankrupt company's exposure to U.S. government action but leaving other liabilities to state and local governments looming. (https://on.wsj.com/3fv9BuY)

- ViacomCBS Inc is close to a deal to sell book publisher Simon & Schuster to German media giant Bertelsmann SE for more than $2 billion, people familiar with the matter said, in a deal that would create a publishing behemoth accounting for about a third of all books sold in the U.S. (https://on.wsj.com/3776Goz)

- J.Crew Group replaced its chief executive after less than a year in the role, and just a few months after the apparel seller emerged from bankruptcy protection with new hedge-fund owners. (https://on.wsj.com/2J7b1jF)

- General Electric Co warned employees that more job cuts are coming to the conglomerate's jet-engine business because of the pandemic's impact on commercial air travel even with the promise of a vaccine on the horizon. (https://on.wsj.com/36ZbSe0)

- Joe Biden is moving quickly to take advantage of government resources for his transition to the White House after the Trump administration ended a 16-day stalemate and announced its intention to begin cooperating with his team. (https://on.wsj.com/2KyCE5r)

(Compiled by Bengaluru newsroom)