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PRESS DIGEST- Wall Street Journal - April 1
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PRESS DIGEST- Wall Street Journal - April 1
Mar 31, 2025 11:13 PM

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 ) 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 have pressed

U.S. trade officials to fight against an expected European Union

(EU) fine and cease-and-desist order.

-SoftBank Group 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 ) said on Monday it would buy home

loan service provider Mr Cooper Group ( COOP ) 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 ) 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)

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