REFILE-PRESS DIGEST – 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 will stop selling baby powder made with talc globally in 2023, the company said Thursday.

– 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.

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

– 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.

– Walgreens Boots Alliance Inc 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.

– 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.

(Compiled by Bengaluru newsroom)

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