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PRESS DIGEST- Wall Street Journal - June 14

BY Reuters
— 12:35 AM ET 06/14/2022

June 14 (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.

- Prologis Inc (PLD), a warehouse-focused real estate income trust (REIT), said on Monday it would acquire peer Duke Realty Corp (DRE) for about $26 billion, including debt, in an all-stock deal, making it one of the largest transactions in the booming REIT sector. https://on.wsj.com/3aYxxso

- Elon Musk will speak to Twitter Inc (TWTR) employees this week for the first time at a company-wide meeting since launching his $44 billion bid in April. https://on.wsj.com/3mIvNX9

- Pilots at two regional airlines Piedmont Airlines and Envoy Air, owned by American Airlines Group Inc (AAL) are getting a sizable pay raise for at least the next two years as the carriers struggle to hold on to pilots amid an industrywide hiring spree. https://on.wsj.com/3HmSvgR

- SpaceX moved closer to trying to blast its massive Starship vehicle into orbit, after U.S. aviation regulators concluded that the company's plans wouldn't have a major environmental impact near its South Texas launch site. https://on.wsj.com/3NSbClx

(Compiled by Bengaluru newsroom)

Copyright © Reuters 2008. All rights reserved. Republication or redistribution of Reuters content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Reuters. Reuters and the Reuters sphere logo are registered trademarks and trademarks of the Reuters group of companies around the world.

More PLD News

  • What Are Whales Doing With Prologis
    Benzinga - 4:01 PM ET 06/13/2022
  • BRIEF-Duke Realty Corp Says In Connection With Termination Of Merger Deal Under Specified Circumstances, Co May Have To Pay Prologis Termination Fee Of $775 Million
    Reuters - 8:18 AM ET 06/13/2022
  • Prologis to buy Duke Realty in $26 bln deal
    Reuters - 8:06 AM ET 06/13/2022
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