PRESS DIGEST-Wall Street Journal – Aug 25

Aug 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.

– Amazon.com Inc is closing a telehealth service it built in-house for employees and businesses, as the company looks to retool its healthcare offerings following the purchase last month of a line of primary care clinics. https://on.wsj.com/3TcMiK3

– Bed Bath & Beyond Inc selected asset manager Sixth Street Partners to supply new financing, according to people familiar with the matter, as doubts remain among vendors and some investors about the company’s turnaround prospects. https://on.wsj.com/3dRAsoo

– GameStop Corp plans to reward thousands of employees with stock and pay raises, returning focus to its bricks-and-mortar business as the company looks to become profitable under new leadership. https://on.wsj.com/3AlF3XF

– Peloton Interactive Inc said it started selling its fitness equipment and apparel on Amazon.com Inc a move intended to increase distribution of its products as the company struggles with weak demand and a sagging stock price. https://on.wsj.com/3dJM9xi

(Compiled by Bengaluru newsroom)

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