Wall Street Journal - May 17

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May 17 (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.

- The next financial crisis could emerge from firms' use of artificial intelligence, Securities and Exchange Commission Chair Gary Gensler said, warning of the potential 'systemic risk' posed by the technology's proliferation.

- Theranos founder Elizabeth Holmes must begin serving her prison sentence while she appeals her conviction on charges of defrauding investors in the failed blood-testing startup, an appeals court in San Francisco ruled on Tuesday.

- Lyft Inc LYFT.O said on Tuesday that Erin Brewer will replace chief financial officer Elaine Paul, who is leaving the ride hailing company months after a new CEO was appointed.

- U.S. President Joe Biden on Tuesday said his administration is "working every day" to secure the release of Wall Street Journal reporter Evan Gershkovich, who has been jailed in Russia since late March.

- U.S. President Joe Biden will cut short a planned overseas trip to focus on striking a deal to raise the debt ceiling to avoid the country's first-ever default, as party leaders remained at odds following a meeting at the White House over potential spending cuts.

- Online brokerages Futu Holdings Ltd FUTU.O and UP Fintech Holding Ltd TIGR.O will remove apps in mainland China amid Beijing's sharpened focus on data security and capital outflows, triggering a heavy selloff in their New York-listed shares.

(Compiled by Bengaluru newsroom)


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