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PRESS DIGEST- Wall Street Journal - May 22

May 22 (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.

- China's cyberspace regulator said on Sunday that products made by U.S. memory chipmaker Micron Technology Inc had failed its network security review and it would bar operators of key infrastructure from buying from the company.

- U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, after the two leaders held a phone call on Sunday as the president flew back to Washington that both sides described as positive.

- Minneapolis Fed President Neel Kashkari said he could support holding interest rates steady at the central bank's next meeting to give officials more time to assess the effects of past rate increases and the inflation outlook.

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- Exxon Mobil, the Texas-based oil giant, recently purchased drilling rights to a sizable chunk of Arkansas land from which it aims to produce lithium, a key ingredient in batteries for electric cars, cellphones and laptops, according to people familiar with the matter.

- U.S. President Joe Biden on Sunday said the Group of Seven nations had agreed a united approach to China that called for diversifying supply chains to reduce dependence on one country, and hinted that he could speak with China's president soon.

- President Volodymyr Zelenskiy likened the ruins of Ukraine's eastern city of Bakhmut with the destruction of Hiroshima in World War Two and said Russia must abandon "nuclear blackmail of the world", as he attended the Group of Seven summit in the Japanese city on Sunday.

(Compiled by Bengaluru newsroom)