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June 26 (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.
- Billionaire activist investor Daniel Loeb's Third Point LLC hedge fund has taken its largest-ever initial bet on a public company, with a $3.5 billion stake in Nestle SA piling pressure on the world's largest packaged-foods company to find ways to accelerate growth. on.wsj.com/2scxMEa
- Takata Corp filed for bankruptcy protection in Japan and the U.S. and said it would sell most of its operations to a rival, capping the steep decline of an 84-year-old Japanese company nearly nine years after it began a global recall of rupture-prone automotive air bags. on.wsj.com/2scjvrr
- Facebook Inc is talking to Hollywood studios and agencies about producing TV-quality shows with an eye toward launching original programming by late summer, people familiar with the matter said. on.wsj.com/2scl2NV
- Elon Musk's SpaceX completed an impressive, bi-coastal demonstration of launch capability, successfully executing the second of two unmanned missions within a roughly 48-hour period in a high-water mark for the company's operational prowess. on.wsj.com/2scu5P1
Compiled by Bengaluru newsroom