May 23 (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.
- Banks including JP Morgan Chase JPM.N, Citigroup C.N, Wells Fargo WFC.N and Bank of America BAC.N are exploring the issue of a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry.
- The Federal Trade Commission voted to dismiss a lawsuit against PepsiCo PEP.O, alleging the company was engaging in price discrimination.
- The head of Fortescue's FMG.AX energy arm, Mark Hutchinson will step down as Dino Otranto, who leads the miner’s metals business, is set to assume an expanded role.
- The Trump administration is yanking Harvard University’s authorization to enroll foreign students.
- Match Group MTCH.O CEO Spencer Rascoff will lead Tinder after current Chief Faye Iosotaluno steps down in July.
- The Supreme Court on Thursday granted President Trump’s emergency request to fire federal commissioners, but signaled that the Federal Reserve was off limits from White House interference.
(Compiled by Bengaluru newsroom)
((globalnewsmonitoring@thomsonreuters.com))
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