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Wall Street Journal - Oct 3



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Oct 3 (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.


- OpenAI has raised $6.6 billion in new funding from backers including Microsoft MSFT.O, SoftBank 9434.T, and Thrive Capital, at a valuation of $157 billion.


- JPMorgan Chase JPM.N is working on opening nearly 100 new branches in low-income areas around the U.S., including the country's inner cities and rural towns where banks have been shrinking their footprint for years.


- The U.S. Securities and Exchange Commission is appealing a federal court's decision that restricts its ability to regulate cryptocurrency markets.


- The U.S. Securities and Exchange Commission's enforcement director, Gurbir Grewal will depart the agency on October 11.

- Elon Musk has given tens of millions of dollars to groups with ties to Trump aide Stephen Miller and supporters of Florida Governor Ron DeSantis's presidential bid.


- Special counsel Jack Smith said in a filing submitted during the federal prosecution of Donald Trump that the former president "resorted to crimes" to remain in power after losing the 2020 election.


(Compiled by Bengaluru newsroom)

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