PRESS DIGEST -Wall Street Journal - January 23

Jan 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.

- U.S. President Donald Trump sued JPMorgan Chase JPM.N and CEO Jamie Dimon for $5  billion on Thursday, alleging the bank closed his accounts for political reasons after the January 6, 2021, Capitol riot.

- TikTok has finalized a deal to continue operating in the U.S. under a new U.S. entity, with Oracle ORCL.N, Silver Lake and MGX each owning 15% stakes and ByteDance holding under 20%.

- The U.S. Energy Department has ordered grid operators to tap backup data power from centers and other facilities as a major winter storm threatens power outages weekend.

- The Trump administration has dismissed two Commerce Department officials tasked with protecting the U.S. from Chinese technological advances, marking the latest ouster of personnel focused on national-security issues tied to Beijing.

- Former special counsel Jack Smith told lawmakers he expects to be prosecuted under Trump, saying Justice Department officials would follow the president's orders.

- U.S. Vice President JD Vance put himself at the center of a clash between federal and local officials over immigration enforcement, urging greater cooperation with ICE and blaming Minneapolis officials for refusing to let local police assist.