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PRESS DIGEST -Wall Street Journal - October 29

By Reuters News

Oct 29 (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.

- Weil, Gotshal & Manges plans to wind down its operations, its leadership told partners, capping a dizzying downfall for the nearly century-old law firm after it failed to stem an exodus of partners.

- Acquisition talks have ended between MGM Resorts International MGM.N and Barry Diller’s People Incorporated—either for People to buy the casino company, or for the casino company to buy People, MGM told analysts.

-GE Vernova GEV.N said it will buy high-voltage grid equipment maker Trench Group from investment firm Triton Partners for $9 billion, as the company moved to expand its grid business and raised its full-year revenue forecast for the third straight time.

- Billionaire Nelson Peltz and several partners offered to buy burger chain Wendy's WEN.O for $1.4 billion, arguing that the struggling fast-food chain needs a turnaround that would be best achieved out of the public eye.

-US Vice President JD Vance is engaging Iranian Security Council chief Mohsen Rezaei to revive peace negotiations even as President Trump threatens to restart the war after next week’s midterm elections, US officials and people familiar with the matter said.

-US Health Secretary Robert F. Kennedy Jr. on Wednesday pushed forward a policy allowing licensed pharmacies and physicians to compound certain unapproved peptides while regulators consider whether to formally permit their use in compounded medicines.

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