May 7, 2020 / 5:20 AM / a month ago

PRESS DIGEST- Wall Street Journal - May 7

May 7 (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.

- MGM Resorts International said some of its 63,000 furloughed workers could be laid off starting August 31 amid a murky outlook for the closed U.S. casino industry.

- Sinclair Broadcast Group Inc agreed to a record $48 million civil penalty to settle federal probes relating to its failed bid to take over Tribune Media Co. and other alleged missteps.

- Zoom Video Communications Inc is further bolstering its ranks as the startup deals with security questions around its system, naming President Trump's former national-security adviser, H.R. McMaster, as an independent director.

- Senate Republicans are citing renewed budget-deficit fears as they pump the brakes on more coronavirus-aid spending, putting them at odds with President Trump's push for tax cuts and an infrastructure package on top of roughly $3 trillion of funds approved so far.

Compiled by Bengaluru newsroom

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