Sergey Brin and other billionaires subpoenaed in JPMorgan-Epstein lawsuit: report

Google co-founder Sergey Brin is among the wealthy men who received a subpoena this week in the lawsuit over JPMorgan Chase & Co.s JPM, +1.21% ties to Jeffrey Epstein, the Wall Street Journal reported Friday, citing unnamed sources. The others who were subpoenaed by the U.S. Virgin Islands are Thomas Pritzker, executive chairman of Hyatt Hotels Corp. …

Trump to surrender Tuesday morning before court appearance: report

Former President Donald Trump plans to fly to New York’s LaGuardia Airport Monday night, then spend the night at Trump Tower and surrender Tuesday morning before a court appearance at 2:15 p.m. Eastern time, according to an NBC 4 NY report citing unnamed sources. Trump is expected to face an arraignment on Tuesday after a Manhattan grand …

Four more state AGs join lawsuit against JetBlue-Spirit merger

The attorneys general of California, Maryland, New Jersey and North Carolina on Friday joined an antitrust lawsuit to block JetBlue’s JBLU, +2.54% proposed $3.8 billion purchase of Spirit Airlines SAVE, +0.35%. The four attorneys general are joining a suit by the U.S. Department of Justice and the attorneys general of Massachusetts, New York and Washington, …

U.S. oil futures down 5 months in a row; natural-gas futures drop 50% for the quarter

Oil futures finished higher on Friday, but U.S. prices logged a fifth straight month of declines, as well as a loss for the quarter. “It’s been a difficult quarter for crude oil prices with expectations that a China reopening would serve to galvanize prices back to $100 a barrel proving to be wildly misplaced,” said …

New legislation could delay Biden administration’s $42.5 billion broadband program by several months

President Joe Biden’s $42.5 billion program to expand broadband faces a detour: Federal lawmakers want a bill that ensures that rural states are fully represented. Senators from both parties on Friday announced legislation that would require the Biden administration to perform an additional review before deciding how much funding each state will receive under the …

Gold futures settle higher for the month and quarter

Gold futures declined on Friday, failing to finish above the key $2,000-an-ounce level but ending higher for the month as well as the first quarter. Gold prices have been boosted this month by concerns about the banking sector, but the fallout from Silicon Valley Bank and Credit Suisse have “broadly been contained, making equities more …

Google AI researcher resigns after learning Bard uses data from ChatGPT: report

An AI researcher at Alphabet Inc.’s GOOGL, +1.46% GOOG, +1.41% Google resigned because he discovered data from its Bard chatbot came from OpenAI’s ChatGPT, which powers Microsoft Corp.’s MSFT, +0.90% Bing Chat search features. According to a report in The Information, researcher Jacob Devlin has since joined OpenAI after discovering Google relied “heavily” on data …

Virgin Galactic stock gains, even as Virgin Orbit shares plunge after cutting most of its staff

Investors in Virgin Galactic Holdings Inc. SPCE, +2.71% could take a breath Friday, as shares in the aerospace and space travel company appeared unaffected by the troubles facing rocket-launcher builder Virgin Orbit Holdings Inc. VORB, -33.90% Sir Richard Branson is the largest shareholder for both companies, according to FactSet data, and is also chairman of …

Amarin stock falls after CEO Mikhail resigns, company disputes CEO asserting of entitlement to severance

Shares of Amarin Corp. AMRN, -2.92% rose dropped 5.5% toward a near three-month low in premarket trading Friday, after the biopharmaceutical company focused on therapies for cardiovascular health disclosed that Chief Executive Karim Mikhail has resigned, effective immediately, after about 19 months in the role. “Mr. Mikhail has asserted that he is entitled to severance …

Fed’s Collins welcomes ‘bit lower’ PCE inflation but says overall ‘not a lot of progress’

There is some positive news in the February personal consumption expenditure price index report, but inflation remains too high, said Boston Fed President Susan Collins on Friday. In an interview with Bloomberg Television, Collins noted that the “bit lower” data in February needed to be viewed along with highly elevated readings in the prior two …