PRESS DIGEST - Wall Street Journal - April 1

Reuters04-01

April 1 (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.

- Chevron CVX.N has agreed to sell 70% interest in its East Texas gas assets for $525 million to TG Natural Resources, as part of the U.S. energy company's strategy to optimize its portfolio.

- In one of Mark Zuckerberg's first specific asks since Donald Trump took office, Meta executives META.O have pressed U.S. trade officials to fight against an expected European Union $(EU)$ fine and cease-and-desist order.

-SoftBank Group 9984.T has agreed to lead a funding of up to $40 billion in a for-profit subsidiary of OpenAI, valuing the ChatGPT maker at $300 billion.

-Rocket Companies RKT.N said on Monday it would buy home loan service provider Mr Cooper Group COOP.O for $9.4 billion, boosting its mortgages business in its second big deal this month to take advantage of a rebound in U.S. housing demand.

- The Trump administration is turning its sights to Harvard University, opening a review of nearly $9 billion in federal grants and contracts as part of its investigation into how schools have handled antisemitism.

- In his first remarks as Intel's INTC.O new CEO, Lip-Bu Tan on Monday outlined a leaner version of the iconic American chipmaker in which he would work directly with engineers to develop new products based on feedback from the company's customers.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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