PRESS DIGEST - Wall Street Journal - Jan 4
Feb 4 (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.
* Ten big drug companies that have spent billions racing one another to find breakthroughs on diseases like Alzheimer's have formed an unusual pact to cooperate on a government-backed effort to accelerate the discovery of new medicines. ()
* American companies are struggling with falling prices for a number of their key products amid intense competition and pressure from cost-conscious customers. Corporate revenues are showing the strain, whether from lower prices, weak demand or a combination of the two. ()
* The head of the nation's top telecommunications regulator conveyed skepticism about further consolidation in the wireless industry during a meeting with Sprint Corp board members on Monday, a person briefed on the meeting said. ()
* Revelations about NSA eavesdropping have given foreign governments an opening to restrict U.S.-based IT companies, which are being depicted as either too compliant with or complicit in the spying. () Continued...