PRESS DIGEST- Wall Street Journal – May 8

May 8 (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.

– Neiman Marcus Group Inc filed for chapter 11 bankruptcy protection in Texas, becoming the latest large retailer to seek a court restructuring during the coronavirus pandemic that has closed much of the U.S. economy.

– Top trade negotiators for the U.S. and China talked on the phone pledging to create favorable conditions for the phase one trade deal.

– The Food and Drug Administration said that it had cut the number of mask makers in China approved to make N95-style masks for use in the U.S. to 14, from around 80.

– The U.S. is removing Patriot antimissile systems from Saudi Arabia and is considering reductions to other military capabilities, marking the end, for now, of a large-scale military buildup to counter Iran.

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