The Wall Street Journal - 17 12 2020

2020·25.28 MB·English

***** THURSDAY, DECEMBER 17, 2020 ~ VOL. CCLXXVI NO. 143 WSJ.com HHHH $4.00
DJIA30154.54 g44.77 0.1% NASDAQ12658.19À0.5% STOXX600 396.08 À0.8% 10-YR.TREAS. unch, yield0.920% OIL $47.82 À$0.20 GOLD $1,856.10À$3.80 EURO$1.2201 YEN103.46
Negro Leagues Finally Reach a Major Milestone Shoppers
What’s
Cut Back
News
Spending
Business&Finance
As Covid
Theholidayshoppingsea-
songotofftoamuted Spreads
startasU.S.consumers
reinedinNovemberspending
amidasurgeincoronavirus
infectionsandnewbusiness Novemberdatashow
restrictionsinsomestates.A1
1.1%droponmonth,
(cid:2)TenstatessuedGoogle,
suggestingrecoveryis
accusingthesearchgiantof
runninganillegaldigitalad- slowingfromsummer
vertisingmonopolyanden-
listingrivalFacebookinan BYHARRIETTORRY
adauction-riggingdeal.A1
(cid:2)Massachusettsregulators The holiday shopping sea-
allegedtradingplatformop- songotofftoamutedstartas
S
eratorRobinhoodmarketed GE U.S. consumers reined in No-
A
toinexperiencedinvestors IM vemberspendingamidasurge
Y
(cid:2)atarnsosdFlisasfatctoieltebphdroeotocotkeoicmmstatpphiladeenmmiyte.bwnBet1ohcuoilnndd- ARCHIVE/GETT insnoemwUco.eSrb.osutnrsaeaittnveaiesirsl.usssarileenssfet,rcaitcimtoinoesanssaunrinde
videogame“Fortnite”in ANN ofpurchasesatstores,restau-
M rants and online, dropped a
iwtsithhigAhp-pplreo.fBil1elegalbattle BETT seasonallyadjusted1.1%inNo-
OUT,THENIN:MajorLeagueBaseballsaiditwaselevatingtheNegroLeaguesfrom1920-48tomajor-leaguestatus,a vemberfromthepriormonth,
(cid:2)AmazonworkersatanAl- movethatrecognizesthesport’slong-excludedBlackpioneers,suchasJoshGibson,shownbeingtaggedoutin1944.A14 the Commerce Department
abamawarehousewonap- said on Wednesday. October
provaltoholdaunionization saleswererevisedtoadecline
vote,thefirstsuchelection of 0.1% from an earlier esti-
States Allege Google Cut Deal
since2014atthecompany.B2 mateofa0.3%increase.Sales
wereupby4.1%inNovember
(cid:2)Rokureachedadealwith
whencomparedwiththesame
AT&T’sWarnerMediato
monthayearago.
carrytheHBOMaxstream-
With Facebook to Rig Ad Market Restaurants, department
ingservice,endingan
storesandcardealershipsre-
eight-monthstandoff.B3
portedsharpsalesdeclinesin
(cid:2)TheU.S.Treasurylabeled November.Clothingandfurni-
SwitzerlandandVietnamas turesalesfell,too.Purchases
currencymanipulators.A8 BYJOHND.MCKINNON newrivaltoGoogle,challenging miliarwiththemattersaidthe techgiants,eachofwhichface ofgroceriesandbuildingma-
ANDRYANTRACY theAlphabetInc.unit’sestab- codenamewas“JediBlue,”af- federalantitrustlawsuitsfiled terials increased, along with
(cid:2)MSCIwillstripitsin-
lisheddominanceinonlinead- tertheimaginaryJediknights. inrecentweeks. onlinesales.
dexesofstocksinseven
WASHINGTON—Ten states vertising. “Google is a trillion-dollar Facebookhadnoimmediate TheNovemberandOctober
Chinesecompaniesthat
sued Google, accusing the Googlerespondedbyinitiat- monopolybrazenlyabusingits comment on the allegations. dropsmarkedtheendofsev-
theU.S.governmentsays
searchgiantofrunninganille- ing a deal in which Facebook monopolistic power, going so Googledeniedengaginginany eralmonthsofgrowthinretail
helpChina’smilitary.B4
gal digital-advertising monop- would curtail its competitive farastoinduceseniorFacebook anticompetitivebehaviorand spendingaftersharpdeclines
(cid:2)TheNasdaqrose0.5% olyandenlistingrivalFacebook moves,inreturnforguaranteed executives to agree to a con- repeateditsstancethatitoper- thisyearwhenthecoronavirus
toarecordclose,andthe Inc. in an ad auction-rigging specialtreatmentinGoogle-run tractual scheme that under- atesinhighlycompetitivemar- pandemic triggered wide-
S&Padded0.2%whilethe dealcode-namedaftercharac- adauctions,thelawsuitclaims. mines the heart of [the] com- kets. PleaseturntopageA2
Dowslipped0.1%.B11 tersfrom“StarWars.” Google’sinternalcodename petitive process,” said Texas “AttorneyGeneralPaxton’s
The complaint, filed in U.S. for Facebook deal referenced Attorney General Ken Paxton, PleaseturntopageA4 (cid:2)U.S.growthdeceleratesbut
(cid:2)Bitcoinsurgedabove
District Court in Texas on charactersfromStarWars,ac- wholedthesuit. remainssolid..............................A2
$20,000forthefirsttime
Wednesday, alleges Facebook cording to the suit, which re- Theaccusationsopenedupa (cid:2)Facebookjoinsfightagainst (cid:2)HeardontheStreet:Abridge
inits12-yearhistory.B11
emergedin2017asapowerful dacted specifics. A person fa- freshfrontofcriticismforboth Apple...............................................B1 forretailersuntilspring....B12
World-Wide
INSIDE
Congress Coke’s Elusive Goal: Boosting
(cid:2)Congressionalleaders
wereclosinginonaroughly
Gets Close
$900billioncoronavirusre- Its Black Employees
liefdealexpectedtoinclude
anotherroundofdirectpay-
To Deal for
mentstohouseholdsfeeling
thepainofthepandemic’s
batteringoftheeconomy.A1
Virus Aid
Twodecadesafterhistoriclawsuit,itsdiversityeffortshavelostground
(cid:2)U.S.prosecutorsareex-
pectedtounsealcharges
againstasuspecttheyallege BY JENNIFER MALONEY AND LAUREN WEB Onedecadeafterthesettlement,Coke’sef-
assembledthedevicethat BYKRISTINAPETERSON fortlookedlikeanunqualifiedsuccess.By
blewupPanAmFlight103 ANDANDREWDUEHREN Twentyyearsago,Coca-ColaCo.agreedto 2010,Blackemployeesheld15%ofexecutive
overScotlandin1988.A1 pay$192.5milliontosettlearace-discrimina- rolesintheU.S.,upfrom1.5%in1998,shortly
WASHINGTON—Congressio- LIFEINCOVID tionclass-actionlawsuit,oneofthelargest beforethelawsuitwasfiled.
(cid:2)TheSupremeCourt
agreedtodecidewhether nal leaders closed in on a Peopleadjusttheir suchsettlementsinU.S.history.Thoughthe Twodecadesafterthesettlement,that
roughly$900billioncoronavi- companydidn’tadmittheallegationshad progresshasreversed.TheshareofBlackex-
theNCAAviolatedfederal holidaytraditionsto
rus-reliefdealthatincludesan- merit,SteveBucherati,thesodagiant’sfirst ecutivesisbackdownto8%,accordingto
antitrustlawbymaintain- copewiththe
otherroundofdirectpayments directorofworkplacefairnessafterthelaw- companydata.Andtherepresentationof
ingtightlimitsoncompen-
tohouseholds,saidlawmakers pandemic.A12-13 suit,saidthefactswereirrefutable. BlackemployeesamongCoke’sU.S.salaried
satingcollegeathletes.A3
who aimed to pass the aid “Makenomistakeaboutit,”theformerhu- staffisnow15%,or5percentagepointslower
(cid:2)Federalprosecutors packagebeforetheweek’send. man-resourcesexecutivesaid.“Cokewas100% thanwhereitstoodin2000.
chargedaKenyanmanwith Aftermonthsofgridlock,the YEARINREVIEW discriminatingagainstBlackemployees.” “Wedidn’tkeepoureyeontheNorthStar,”
plottinganattackinthe emerging agreement repre- Alookbackatthe InNovember2000,Cokeagreedtoimple- saidValerieLove,whojoinedCokelastyear
styleofSept.11atthedirec- sentedabreakthroughatacrit- mentfar-reachingchangestoitshiring,pro- toleadHRforNorthAmerica.
eventsof2020and
tionofaterroristgroup.A3 icaltimeinthepandemic,with motionandcompensationpractices.Italso Inthewakeofproteststhatsweptacross
thoughtsonwhat’s
distributionofavaccineunder vowedtobecomewhatitcalledthe“gold thecountrythisyearafterGeorgeFloydwas
(cid:2)AformerTrumpadminis-
waybuthospitalizationshitting ahead.R1-20 standard”offairness,withaworkplacethat killedinpolicecustody,morecompanies,in-
trationcybersecurityofficial
records and a new round of offeredopportunitiesforall. PleaseturntopageA10
toldaSenatepanelthatalle-
businessrestrictionsweighing
gationsthatvotingequip-
ontheeconomy.
mentwasmanipulatedduring
The package under discus- U.S. Prepares to Charge
theelectionarebaseless.A4
sion was expected to include,
(cid:2)TheFDAsaidmore alongwithdirectchecks,$300
Lockerbie Bomb Suspect
dosesoftheCovid-19vac- aweekinenhancedunemploy-
cinethanexpectedcanbe ment insurance, funding for THE THREAT
extractedfromeachvial, vaccine distribution, schools,
boostingthesupply.A7 small businesses, health-care BYSADIEGURMAN rorisminvestigations.
(cid:2)AFrenchcourtconvicted providersandrentalassistance, ANDARUNAVISWANATHA The Justice Department is OF EXTORTION
andotherreliefmeasures. expected to unseal a criminal
14peopleofhelpingcarry
Itssize,atjustunder$900 WASHINGTON—U.S.prosecu- complaint against Abu Agila
outthe2015terroristat-
billion, marked a compromise tors are expected to unseal MohammadMasud,whoiscur-
tacksonasatiricalweekly IS REAL.
between the two parties’ chargesagainstasuspectthey rentlyheldbyLibyanauthori-
andakoshergrocery.A8
stances:morethantheroughly allege was a top bomb maker ties,inthecomingdaysandto
(cid:2)Chinasaiditsspacevehi- $500 billion Republicans had for the late Libyan dictator seekhisextraditionfortrialon
clereturnedtoEarthwith PleaseturntopageA4 MoammarGadhafiandassem- chargesinU.S.federalcourt,se-
Don’t Negotiate. Mitigate.
moonfragmentsitgathered bledthedevicethatblewupPan niordepartmentofficialssaid.
onitsmission.A9 (cid:2)Californiansbalkatnew Am Flight 103 over Lockerbie, The bombing, just before
lockdownorders.......................A3 Scotland,in1988,openinganew Christmas1988,killed270peo-
(cid:2)Germanymovedcloser
(cid:2)Vaccinetakersundeterredby chapter in one of the world’s ple, including 190 Americans,
toallowingtheuseofHua-
sideeffects.................................A7 longestandmostsprawlingter- PleaseturntopageA6
wei’stechnologyin5Gmo-
bilenetworks.A9
The Pandemic Melts the Snow Day Anewkindofadversaryisontherise,using
CONTENTS PersonalJournalA11-13 extortion to threaten businesses across
BusinessNews......B3 Sports.......................A14
Crossword..............A14 Streetwise.................B1 i i i the world. Without the right protection,
Equities.......................B9 Technology...............B4 yours could be next. See how NETSCOUT
HeardonStreet.B12 U.S.News.............A2-7 Remoteclassesgoon,despiteweather,causingflurryofcomplaints
Markets.....................B11 Weather...................A14 visibilitycandetectandhelpmitigatethese
Opinion..............A15-17 WorldNews.......A8-9 BY LESLIE BROD downthetoilet. fallcanswitchbacktoonline complexthreats.
Now, many fear the tradi- classesiftheweatherbecomes
> Children have long sought tionalsnowdaymaybemelt- toohazardous. goNETSCOUT.com/extortion
tosummonasnowdaywhen ingaway. New York City Mayor Bill
storms are in the offing, act- Remote learning need not deBlasiosaidstudentsinthe
ing on superstitions such as stop for the snow storm ex- nation’s largest district will
wearing pajamas inside out, pected to wallop the North- have school online, “whether
s2020DowJones&Company,Inc.
AllRightsReserved hidingspoonsundertheirpil- east this week. Kids who re- they’rehappyaboutitornot.”
lows or flushing ice cubes turnedtoschoolbuildingsthis PleaseturntopageA10
A2|Thursday,December17,2020 THEWALLSTREETJOURNAL.
**
U.S. NEWS
U.S. Growth Slips Fed Reinforces Stimulus Will Be
But Remains Solid
Open-Ended to Spur Recovery
BYPAULHANNON turerswerehistoricallyupbeat
ANDJOSHMITCHELL regardingtheoutlookforout- BYNICKTIMIRAOS The Fed has been buying mistic economic outlook than veryhighlevelofaccommoda-
putoverthecomingyear,de- $80 billion in Treasurys and theyhadinSeptember,before tion that we’re providing…it
TheU.S.economylostabit spitepandemicandeconomic WASHINGTON—FederalRe- $40billioninmortgagebondsa drug makers had developed willtakesometime.”
ofmomentuminDecemberas uncertaintydampeningexpec- serve officials put the final monthsinceJunewhilepledg- highlyeffectivevaccines. With interest rates pinned
it endured a rise in virus in- tations compared to those touches Wednesday on a ingtomaintainthosepurchases Many officials projected nearzero,theassetpurchases
fections,whileEurope’secon- seeninNovember,”IHSMarkit monthslong effort to clarify “over coming months.” On suchlowrateswouldbeneeded havebecometheprimarylever
omysteadiedassomerestric- said. theirplanstosupporttheecon- Wednesday, the central bank eventhoughtheyprojectedin- withwhichofficialscoulddial
tionswereeased. In Europe, some restric- omyforlongerthantheyhave stated those purchases would flationwouldbeattheFed’s2% upordowntheirstimulus.
Surveys of factories and tions have eased. Surveys of followingpriordownturns,con- continue“untilsubstantialfur- target and unemployment The goal of the Fed’s new
service-industry companies purchasingmanagersWednes- cludingoneofthemostactive therprogresshasbeenmade” wouldfallbelow4%bytheend guidanceistoavoidthekindof
showedU.S.outputgrewata day showed the economy yearsinthecentralbank’shis- toward broader employment of2023.Thoseprojectionsre- marketbacklashthatoccurred
solid pace early this month, steadiedinearlyDecemberas tory. and inflation goals. Officials flect a change in the central in 2013, when then-Chairman
the forecasting firm IHS factory output continued to Fed officials slashed their don’t expect to reach those bank’sframeworkadoptedthis Ben Bernanke suggested the
Markit said Wednesday. But increase.Butfurthersetbacks short-terminterestratetonear goals for years, according to summer that took a more re- centralbankmightsoontaper
thegrowthwastheweakestin appearlikelyuntilthecorona- zeroinMarchasthecoronavi- projections they released laxedviewtowardinflation. its asset purchases. Investors
aboutthreemonths.Anindex viruspandemiciscontained. ruspandemicdisruptedfinan- Wednesday. Mr. Powell said the central thoughttheFedwasaccelerat-
of manufacturing activity The Europe surveys found cialmarketsandtheeconomy. “Together these measures bankexpectedtoseesomeone- ing its plans to raise interest
slipped to 56.5, while a mea- businesses were encouraged Theyalsolaunchedanarrayof willensurethatmonetarypol- time increases in prices of rates, sparking a sudden per-
sureofservice-sectoractivity by the prospect of a wide- emergency lending programs icy will continue to deliver goodsandservicesduetoare- centage-point jump in the 10-
fellto55.3. spreaddeploymentofeffective and began large-scale pur- powerfulsupportfortheecon- boundinactivityfromthepan- yearTreasuryyield.
Afigureabove50indicates vaccinesin2021,andcutjobs chasesofgovernmentdebtand omyuntiltherecoveryiscom- demicnextyearbutthatthey Someanalystshavesaidthat
the industry is expanding, as at the slowest pace since the mortgagesecurities. plete,” Fed Chairman Jerome wereunlikelybythemselvesto communicatingtheFed’sinten-
measured by factors such as pandemicbegan. OnWednesday,officialsup- Powell said at a news confer- createself-sustaininginflation- tionsearlierwouldreducethe
productsales,hiringandout- Rising infections have dated their formal guidance enceWednesday. aryforces. chanceofanyperceptionlater
put. weighed on Europe’s econo- around how long those pur- The projections show most “It’snotgoingtobeeasyto thatitwasabruptlytightening
So far, the world’s largest mies since September, with chaseswouldcontinue,comple- officials thought they would have inflation move up,” said monetarypolicy.
economyappearstobeweath- governments having imposed menting an earlier pledge in holdshort-termratesnearzero Mr.Powell.“We’rehonestwith
eringthelatestrestrictions. newrestrictionssincemid-Oc- Septemberthatsetahigherbar forleastthreemoreyearsde- ourselvesandwithyouinthe (cid:2)HeardontheStreet:Fed
“Encouragingly, manufac- tober. toraiseinterestrates. spite a somewhat more opti- [projections]thatevenwiththe keepsfootonthegas........B12
Shoppers Totalretailand corded a 3.5% decline in withproductscateringtocon-
foodservicesales spending from a year earlier sumers working from home,
November in the week through Dec. 12. have performed better than
Rein In $550billion $546.5billion Credit- and debit-card data businessesthatrelyonin-per-
collectedbyresearchfirmAf- soninteraction.
525 finity Solutions and research Lululemon Athletica Inc.
Spending group Opportunity Insights last week reported a jump in
showedthatoverallspending salesandprofit,aspandemic-
500
was down 1.7% in the week wearyshopperssnappedupits
ended Dec. 6 compared with athletic apparel and other
ContinuedfromPageOne 475 Januarylevels. comfortable clothing, though
spreadbusinessclosures. AnthonyDukes,professorof it offered a less rosy outlook
“Anywhere there’s crowds, marketingattheUniversityof asCovid-19surged.
450
people stayed away,” saidS Southern California Marshall CarloCastronovo,ownerof
R
Joshua Shapiro, chief U.S.UTE April SchoolofBusiness,expectsre- Giusseppe’s Pizza & Italian
eMucnaodrneiorasmFcoiisortreisanttihRceoadnmisfiufrilectzuinlItgnycfh.ier“rmIetMAKELA/RE 440205 $b4il1li2o.8n tfCaaoiclveeisrds-1t9tohisenufeffcleatritoeanssst,thaewndcaov“uemnotroryef Cs“abuiuidssiinnteehsesinipsOalnldodweBemrriidctgheam,neNai.tnJ’.ss,
till the vaccine is widely dis-K shakeouts of smaller busi- ever been but we’re staying
tributed.” MAR 2013 ’15 ’17 ’19 nesses and dinosaur depart- afloat,”ascurbsidepickupand
Theretail-salesreportand TheNationalRetailFederationcontinuestoexpectholidaysales Note:Seasonallyadjusted mentstoreswillcontinue.” home delivery have been “a
other readings on the U.S. willriseatleast3.6%,withatleast20%growthonline. Source:CommerceDepartment Hesaiddemandshouldpick saviorforsure.”
economysuggesttherecovery up in the spring as vaccina- “It’stough,mainlybecause
is slowing after a burst of ity for the economy,” James 3.6%,withatleast20%growth holiday order bottlenecks. tionsleadtoaneasingofso- everyone’snervous,”saidMr.
growthoverthesummer. Knightley,aneconomistatING foronlineshopping. Other data show spending cial-distancing measures. Castronovo. Normally at this
HiringgrowtheasedinNo- Financial Markets LLC, said. Retailers also pushed an hascontinuedtolagsincethe “Oncewecandowhatwecan time of year the restaurant
vember while worker filings Mr. Knightley expects gross earlier start to the holiday Thanksgivingholiday. do,peoplewillbegladtoget wouldbecateringholidaypar-
forunemploymentbenefitsre- domestic product to contract season,bothtolimitcrowdsat JPMorgan Chase & Co.’s out,”Mr.Dukessaid. ties,“fivetraysofthisandsix
cently increased. Surveys of about1.2%inthefirstquarter storesandtoeasepressureon tracker of 30 million credit Retailers with significant traysofthat—that’sdefinitely
factoriesandservice-industry of 2021 after increasing supplychainsbyavoidingpre- and debit cardholders re- onlinesales,particularlythose ended,”hesaid.
companies released on around 1.5% to 2% in the
Wednesdayseparatelyshowed fourth quarter. Mr. Knightley CORRECTIONS (cid:2) AMPLIFICATIONS
U.S. output grew at a solid saidhe“can’tseecontainment THEWALLSTREETJOURNAL
paceinearlyDecember,butat measureswounddownmean- (USPS664-880)(EasternEditionISSN0099-9660)
(CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
the weakest pace in about ingfullyuntilvaccinationisat
threemonths. acriticalmass.” The last name of reporter chart’ssourceline. Editorialandpublicationheadquarters:
1211AvenueoftheAmericas,NewYork,N.Y.10036
U.S. home-builder confi- U.S. shoppers spent less AlisonSiderwasmisspelledas
dencefellinDecemberfroman thanlastyearoverafive-day Sliderinthecontributionsline A Dec. 10 Business News PPeurbiolisdhiceadlsdpaoilsytaegxceeppatidSuantdNayeswaYnodrkg,eNn.eYr.,aalnledgaolthheorlidmaayisli.ngoffices.
all-timehigh,breakingaseven- stretchincludingBlackFriday of a Page One article Monday article about M.B.A.s. incor-
Postmaster:SendaddresschangestoTheWallStreetJournal,
monthstreakofgains,theNa- and Cyber Monday as in- aboutthevaccine-supplychain. rectlysaidthatJeffBezos,Am- 200BurnettRd.,Chicopee,MA01020.
tional Association of Home creased online shopping was azon.comInc.’slongtimehead, AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicableratecard,
BuildersreportedWednesday. offsetbyfewerpeoplevisiting AchartwithaDec.10U.S. has criticized M.B.A.s. in the copiesofwhichareavailablefromtheAdvertisingServicesDepartment,DowJones&Co.Inc.,
1211AvenueoftheAmericas,NewYork,N.Y.10036.TheJournalreservestherightnotto
Lawmakers in Congress physical stores during the Newsarticleaboutimmigration past.
acceptanadvertiser’sorder.Onlypublicationofanadvertisementshallconstitutefinal
were close to a $900 billion pandemic.Peoplespentanav- showed the number of family acceptanceoftheadvertiser’sorder.
dealonWednesdaytoprovide erage of just under $312 on units,whicharemigrantstrav- Notice to readers LetterstotheEditor:Fax:[phone];email:[email protected]
a fresh round of economic holiday-related purchases eling as families, detained at Wall Street Journal staff Needassistancewithyoursubscription?
stimulusthatwasexpectedto from Thanksgiving to Cyber theMexicanborder.Thechart membersareworkingremotely Byweb:customercenter.wsj.com;Byemail:[email protected]
include enhanced unemploy- Monday,down14%from2019 mislabeledthedataasfamilies. during the pandemic. For the Byphone:1-800-JOURNAL(1-800-568-7625)
ment insurance and another though on par with 2018, ac- Also,thenameofU.S.Customs foreseeablefuture,pleasesend Reprints&licensing:
Byemail:[email protected]
round of direct payments to cordingtoasurveybytheNa- and Border Protection was readercommentsonlybyemail Byphone:1-800-843-0008
households, people familiar tional Retail Federation and given incorrectly as U.S. Cus- or phone, using the contacts
WSJbackissuesandframedpages:wsjshop.com
withthetalkssaid. ProsperInsights&Analytics. tomsandBorderPatrolinthe below,notviaU.S.Mail.
Ournewspapersare100%sourcedfromsustainablycertifiedmills.
“We’vegottobebracedfor The NRF on Wednesday
a period of two, three, four saiditcontinuestoexpecthol- ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS
monthsofextremevulnerabil- idaysaleswillincreaseatleast [email protected].
COLLECTION
Fifty Fathoms
t
c
e
oj
r
P
a
s
s
e
b
m
o
G
a/
t
s
e
all
B
t
n
e
r
u
a
L
h:
p
a
r
g RAISEAWARENESS,
o
t TRANSMITOURPASSION,
o
h HELPPROTECTTHEOCEAN NEW YORK · 697 FIFTH AVENUE BETWEEN 54TH & 55TH STREET · 212 396 1735
P
© www.blancpain-ocean-commitment.com LAS VEGAS · THE FORUM SHOPS AT CAESARS PALACE · 702 369 1735
THEWALLSTREETJOURNAL. Thursday,December17,2020|A3
**
U.S. NEWS
Californians Balk at Restrictions
High Court
Takes Case
BYJIMCARLTON
On College ANDTALALANSARI
DANVILLE, Calif.—Rodney
Athletes Worth has had to shut down
fiveofhissevenrestaurantsin
the Bay Area as sales plum-
WASHINGTON—The Su- metedwhilehecompliedwith
premeCourtagreedtodecide California’slockdownorders.
whethertheNationalCollegiate In order to help save the
Athletic Association violated othertwo,herecentlydecided
federalantitrustlawbymain- to flout the spirit, if not the
tainingtightlimitsoncompen- letter,ofthestate’slatestban
sating college athletes, a case on outdoor dining. He left
thatcoulddeterminethefuture chairs and tables outside his
shapeofcollegesports. restaurant Peasant and Pear
Thecourt,inabriefwritten and had customers pick up
theirownfoodatareception
ByBrentKendall, desk,ratherthanservingitto
LouiseRadnofsky them,becausetakeoutisstill
andLaineHiggins legallyallowed.
“I’veneverbrokenalawin
orderWednesday,saiditwould my life, but I’m in survival
hear the NCAA’s appeal of mode right now,” Mr. Worth
lower-courtrulingsthatfound saidduringthelunchhourlast
theassociationunlawfullylim- Thursdayasatableofdiners (2)
itedcompetitionforcollegeath- sat nearby in this leafy San NAL
R
letesbyrestrictingthekindsof Franciscosuburb,whereother OU
J
cceoimveperenlsaatetidontotthheeiyrecdouucladtioren-. rseksirttaiunrganthtsebhaanv.e also been REET
ST
waTyhfoosrecorlulelignegsathclleetaersedtotrhee- somCaelioffortnhieastrhicatsestimrupleosseidn WALL
ceiveanexpandedrangeofedu- the nation to try to curb the HE
T
cation-relatedbenefits,suchas spread of the coronavirus. OR
F
laptopcomputersormusicalin- With cases skyrocketing and KI
S
struments, study-abroad pro- hospitalintensivecareunitsat AL
grams,internshipsandpaid-for or nearing capacity, Demo- BUJ
graduate school. The rulings cratic Gov. Gavin Newsom on HEL
didn’tliftNCAAlimitsonath- Dec. 3 announced new lock- AC
R
letecompensationunrelatedto downordersthatbannedout- CustomershadtheirtakeoutorderinDanville,Calif.,recently,whichisn’tsupposedtobeallowedunderanoutdoor-diningban.
education. door dining for the second
TheSupremeCourtisstep- time this year in most of the ground in San Francisco, “We are the sacrificial
ping into a legal and political stateandshutdownpersonal- whereMichaelaMulkerrinslet lambs to the Covid gods, be-
fightthathassubsequentlyex- careservicessuchashairand two6-year-oldgirlsclimbona causewearenotaspolitically
pandeddramaticallyandisnow nail salons, as well as play- mock jet plane despite big influentialasthemultinational
notjustaboutathletecompen- grounds. signsthefacilitywasofflim- retailstores,”saidFredJones,
sation, but also control of the California on Wednesday its.“Ithinkkidsneedtoplay,” legal counsel for the Profes-
multibillion-dollar college- reported41,081newCovid-19 saidthe18-year-oldbabysitter. sional Beauty Federation of
sportsindustry. cases that officials said are A dozen state legislators California. He estimates that
In the years since former part of an ongoing surge, senta letter on Dec. 4 to Mr. one-fifthofhisorganization’s
West Virginia University run- breaking the prior record of Newsomurginghimtoreopen 53,000 member businesses
ning back Shawne Alston and 35,468casesreportedinasin- playgrounds, citing research haveclosedthisyear.
otherformerDivisionIathletes gle day. The 14-day average showing low transmission EricSergeinko,healthoffi-
filed their suit, states have positivity rate is 11%, versus risks. “It is necessary for the cerofMariposaCountyinthe
brought unprecedented pres- 4.7%onemonthago. Sierra Nevada, said there are
sureontheNCAAtoallowdi- The latest clampdown af- fewerhealthconcernsassoci-
rectcompensationtoathletes fects three of five regions in Officialssaythe ated with retail stores, be-
fortheuseoftheirnames,im- which officials have divided cause people spend far less
rulespartlyaimto
agesorlikenesses.Inresponse, thestate:SouthernCalifornia, timetherethaninrestaurants
theNCAAtoreupitsdecades- theCentralValleyandgreater reducethenumber or hair and nail salons. “The
longdefinitionofamateurism Sacramento.BayAreacounties longeryouarewithsomeone,
oftripspeoplemake.
andconcededthatitwillallow decidedtoimplementidentical themorerisk,”hesaid.
some endorsement money to restrictionsontheirown.Only Manyrestaurantownerssay
flowtocollegeathletesstarting largelyruralNorthernCalifor- they believe the risk of
inthe2021-22schoolyear. nia,whichcontains1.7%ofthe Covid-19 transmission from
Withbothsidesreadyfora state’s 40 million people, is mentalandphysicalhealthof outdoordiningislow,anditis
bruisingfightovertheparame- unaffected. childrentohaveopportunities their only option in order to
ters of the new compensation The new rules have trig- to expend their physical en- stayafloat.
order,whichcouldinvolvemil- geredafiercebacklashaimed ergyandplay,”thelawmakers In the Bay Area city of EternityInterlocking
lionsofdollarsforsomecollege largely at Mr. Newsom and wrote. Pleasanton, the Beer Baron LinkCuffBracelet
athletes,Congressisshowingan centeredonclaimsthatsome Last week, the California stoppedlettingcustomersuse withDiamonds
$3,695
unprecedentedlevelofinterest oftheshutdownrulesarein- Health and Human Services itsoutdoorpatiolastweekaf-
in the association. Several dif- consistentandineffective.Cal- Agency allowed the play- teralocalofficialwarnedfines
ferentgroupsoflawmakersare ifornia officials say the rules groundstoreopen. would result, said co-owner
readyingbillsthatwouldestab- partlyaimtoreducethenum- Meanwhile,restaurantsand Travis Fisher. That dried up
lish a new federal set of rules beroftripspeoplemakeoutof hair and beauty salons have the$600inweeklytipsserver
forintercollegiateathletics.The their homes that lead to arguedthatthestategovern- MichaelPavlakiswasearning.
outcomeofthattusslecouldei- greaterspreadofthedisease. mentisunfairlysinglingthem “Itsucks,man,”hesaidout-
therfavorthemorerestrictive The pushback was evident out,evenasbig-boxstoreslike sidetheemptyestablishment
NCAAvieworthemoreexpan- last week at the Larsen Play- HomeDepotstayopen. lastweek.
sive view from states such as
California, which has led the
challenge.
TheSupremeCourtislikely
FOROURCONCIERGESERVICE:
to hear arguments in the
[email protected]
spring,withadecisionexpected
347-748-6005
bytheendofJune.
In2019,U.S.DistrictJudge JUDITHRIPKA.COM
ClaudiaWilkeninOakland,Ca-
lif.,saidtheNCAAhadalegiti-
mateinterestinadoptingrules
thatmaintainadistinctionbe-
tween student-athletes and
professionals who receive un-
limitedcashpayments.Butthe
NCAA’srestrictionsoneduca-
tion-relatedcompensation,she
ruled,wenttoofarandweren’t
necessaryfor“preservingcon- Last Minute
sumer demand for Division I
basketballandFBSfootball.” Holiday Heroes
TheNinthU.S.CircuitCourt
ofAppealsaffirmedthatruling
inMay.TheNCAA,initspeti-
tion to the high court, said
thoserulingsdeprivedtheasso-
ciationoftheleewayitneedsto
administerintercollegiateath-
leticsandwould“fundamentally
transformthecentury-oldinsti-
tutionofNCAAsports,blurring
thetraditionallinebetweencol-
legeandprofessionalathletes.” TravisFisher,co-owneroftheBeerBaron,standsoutsidehisrestaurantinPleasanton,Calif.
Kenyan Man Charged in 9/11-Style Plot
BYCORINNERAMEY senioral-Shabaabcommander crimes. He faces up to life in to breach a cockpit door and
who was also responsible for prison. information about the tallest &(cid:9)(cid:3)(cid:8)(cid:5)(cid:27)’(cid:15)()(cid:18)*+(cid:5)(cid:4)’
NEWYORK—Federalprose- planning a 2019 attack at a Mr. Abdullah was arrested building in a major U.S. city,
(cid:30)(cid:10)(cid:3)(cid:6)(cid:10)(cid:9)(cid:27),(cid:3)(cid:10)-(cid:25).(cid:20)(cid:19)(cid:19)
cutorsinManhattanchargeda Nairobihotel. in the Philippines on local the indictment says. He vis-
Kenyan man with plotting to “This chilling callback to charges in July 2019 and ited a website with jihadist
stageanattackinthestyleof thehorrificattacksofSeptem- transferred to U.S. law en- propagandaabouttheSept.11 %(cid:6)’(cid:16)(cid:6)/0&(cid:16)(cid:13)(cid:16)(cid:8)/(cid:16)(cid:6)(cid:25))(cid:15)(cid:10)
Sept.11atthedirectionofal- ber 11, 2001, is a stark re- forcementTuesday. attacks,prosecutorssaid.
Shabaab, a terrorist group minder that terrorist groups He pleaded not guilty Al-Shabaab—“the youth,”
thatservesasalQaeda’sprin- like al Shabaab remain com- Wednesdayinfederalcourtin in Arabic—rose from the
cipalwinginEastAfrica. mitted to killing U.S. citizens Manhattan. A lawyer for Mr. chaos that ensued after U.S.
Cholo Abdi Abdullah, 30 and attacking the United Abdullah declined to com- troops left Somalia in 1993,
(cid:2)(cid:3)(cid:4)(cid:4)(cid:5)(cid:6)(cid:7)(cid:8)(cid:3)(cid:9)(cid:4)(cid:10)(cid:5)(cid:11)(cid:12)(cid:6)(cid:13)(cid:14)(cid:3)(cid:15)(cid:16)
yearsold,traveledtothePhil- States,”actingManhattanU.S. ment. when 18 American service
ippines in 2016 to train as a AttorneyAudreyStrausssaid From2017to2019,Mr.Ab- memberswerekilledinagun- (cid:17)(cid:18)(cid:19)(cid:20)(cid:21)(cid:22)(cid:23)(cid:19)(cid:24)(cid:22)(cid:25)(cid:24) (cid:26) (cid:13)(cid:5)(cid:27)(cid:10)(cid:3)(cid:13)(cid:10)(cid:28)(cid:8)(cid:9)(cid:15)(cid:3)(cid:14)(cid:3)(cid:6)(cid:3)(cid:29)(cid:13)(cid:5)(cid:8)
pilot and researched how to inastatement. dullah trained as a pilot at a battleinthecapital,Mogadi- (cid:30)(cid:14)(cid:5)(cid:31)(cid:10)(cid:14)(cid:16)(cid:2)(cid:5)(cid:4)(cid:4)(cid:16)(cid:13)(cid:10)(cid:9)(cid:5)(cid:27)(cid:3)(cid:10) !(cid:30)"#"$"(cid:29)(cid:2)%
hijack an aircraft in prepara- Prosecutors charged Mr. flight school in the Philip- shu.
tionforcrashingacommercial Abdullahwithprovidingmate- pines, ultimately completing Atitspeak,al-Shabaabcon-
aircraftintoabuildinginthe rial support to a designated thetestsneededtoobtainhis trolledMogadishu,andeffec- Handcrafted in New York
U.S.,Manhattanfederalprose- foreignterroristorganization, license, according to an in- tively served as the nation’s
cutorssaid. conspiringtomurderU.S.na- dictmentunsealedWednesday. government.In2008,theU.S.
They said he acted at the tionals,conspiringtocommit Healsoresearchedsecurity listedal-Shabaabasaterror-
direction of an unidentified aircraft piracy and other oncommercialairliners,how istgroup.
A4|Thursday,December17,2020 P W L C 10 11 12 H T G K R F A M 1 2 3 4 5 6 7 8 9 O I X X **** THEWALLSTREETJOURNAL.
U.S. NEWS
Voting Was Secure,
Ex-Official Testifies
Cybersecuritydirector In a statement, Mr. Krebs comethiselection.
cited postelection claims Mr. Trump and some Re-
firedbyTrumpcalls
about hackers, malicious al- publicans have alleged wide-
claimsofequipment gorithms that flipped votes spreadfraudinthevoting,de-
and election equipment ven- spite no such evidence and
tampering‘baseless’
dors’ foreign ties. He called losses in dozens of court
them“wildandbaseless”and cases, and they have ques-
BYALEXACORSE technically inaccurate. He tioned Mr. Biden’s election
toldthemembersoftheSen- victory.
A former Trump adminis- ate Homeland Security and Mr.TrumpfiredMr.Krebs
OL
tration cybersecurity official Governmental Affairs Com- afterheendorsedastatement O
P
told a Senate panel that alle- mittee that continuing to from a group of federal and SS
gationsthatvotingequipment question the outcome of the stateelectionofficialsthatthe PRE
was manipulated during the electionis“ultimatelycorro- Nov. 3 election was the most SH/
A
2020electionarebaselessand sive to the institutions that secure in U.S. history. Mr. GN
that spreading them under- supportelections.” Trump took aim again GRE
minesconfidenceintheelec- Mr. Trump and some Re- Wednesday, tweeting: “Chris ChristopherKrebs,formerdirectoroftheCybersecurityandInfrastructureSecurityAgency,tolda
tionoutcome. publicanshaveallegedwide- Krebs was totally excoriated Senatepanelthatcontinuedassaultsondemocracyandtheelectionoutcomeare‘ultimatelycorrosive.’
ChristopherKrebswasthe spread fraud in the voting, andprovenwrongattheSen-
director of the Cybersecurity and they have questioned ateHearingontheFraudulent thetimetodosowaslimited. Sen.GaryPeters(D.,Mich.), and to do so worked with
and Infrastructure Security President-elect Joe Biden’s 2020Election.” Onequestion,Mr.Johnson thetopDemocratonthecom- states,whichadministerelec-
AgencyuntilPresidentTrump election victory. While elec- During the hearing, Sen. said, is “whether the level of mittee,criticizedthehearing. tions. He said one way the
firedhimlastmonthbecause tion officials say isolated Ron Johnson (R., Wis.), the fraudwouldaltertheoutcome “Whetherintendedornot,this agencycombatedwhatitsaw
he said the election was se- casesoffraudandclericaler- committeechairmanandoften of the election.” He added, hearing gives a platform to as misinformationduringthe
cure. Mr. Krebs defended the rorssometimesoccurandare adefenderofMr.Trump,de- “Thisyear,indozensofcourt conspiracy theories and lies, election was by creating a
election’ssecurityatahearing often caught and corrected, scribedallegedelectionirreg- cases, through the certifica- andit’sadestructiveexercise website called “Rumor Con-
WednesdaycalledbyRepubli- Attorney General William ularitiesandsaidheaskedhis tionprocessineachstateand thathasnoplaceintheUnited trol.”Thewebsitefact-checked
canstoexamineallegationsof Barrsaidthismonththatno staff to find out as much as bytheElectoralCollegevote, States Senate,” Mr. Peters viral claims, including some
votingirregularitiesandcriti- evidence has emerged of they could about how elec- theconclusionhascollectively said. promotedbyMr.Trump.
cizedbyDemocratsasaforum fraud on a scale that could tionsareadministeredandse- been reached that it would Mr. Krebs said CISA’s role —LindsayWise
forunsubstantiatedclaims. have led to a different out- curitycontrols,thoughhesaid not.” wastosecurevotingsystems contributedtothisarticle.
Google an unlawful web of exclusion- Therearethousandsofcompa-
ary and interlocking business AntitrustCases Dec.9,accusingthesocial-me- isexpectedtofileaseparate nies,largeandsmall,working
agreementsthatshutoutcom- diagiantofbuyingandfreezing antitrustcaseagainstGoogle together and in competition
PileUpforBigTech
Faces Suit petitors. outsmallstartupstochoke assoonasthisweek. witheachothertopowerdigi-
Wednesday’s complaint competition.Thesuitdemands taladvertisingacrosstheweb,
traces back more than a de- thatFacebookunwinditsacqui- CONGRESS eachwithdifferentspecialties
Over Ads cade,allegingthatGooglequi- ThelistofU.S.antitrust sitionsofWhatsAppandInsta- Followingalengthyinvesti- andtechnologies.”
etly built up and defended its casesagainstbigtechnology gram. gation,HouseDemocratsre- According to the lawsuit,
dominance in the market for companiesisgrowinglonger centlyconcludedthatAmazon Googlewenttogreatlengthsto
digital ads, beginning with its withtheannouncementofa STATEATTORNEYSGENERAL holdsmonopolypowersover preserve its market power.
ContinuedfromPageOne acquisition of the ad-technol- lawsuitfiledagainstGoogleon AlsoonDec.9,Facebook third-partysellersonitssite When Facebook emerged as a
ad tech claims are meritless, ogyfirmDoubleClickin2008. Wednesdaybyagroupofstates wassuedbyacoalitionof46 andthatAppleexertsmonop- threat,“Googlemadeovertures
yethe’sgoneaheadinspiteof Manyoftheaccusationsin- ledbyTexas.Thesearethema- states,alongwiththeDistrict olypowerthroughitsApp toFacebook,”thelawsuitsays.
allthefacts.We’veinvestedin volve Google’s ad-tech soft- jorcasesandinvestigationsfac- ofColumbiaandGuam,overan- Store.Thoserecommendations Thetwopartiesenteredinto
state-of-the-art ad tech ser- ware,whichisusedtobuyand ingBigTech: titrustconcernssimilartothose andotherstargetingFacebook the“JediBlue”deal.Facebook
vicesthathelpbusinessesand selladsonsitesacrosstheweb. raisedbytheFTC.Thestates andGooglecouldleadtolegis- withdrewasadirectthreatin
benefitconsumers,”aGoogle Googleownsthedominanttool JUSTICEDEPARTMENT allegethatalackofcompeti- lativeproposals. returnforGooglegivingFace-
spokesperson said. “We will at every link in the complex ThedepartmentsuedGoogle tionhasharmedconsumers. Republicansenators,mean- book “information, speed and
strongly defend ourselves chainbetweenonlinepublish- onOct.20,accusingthecompany TheTexas-ledcoalitionof while,aremovingtolimitSection other advantages in the auc-
from his baseless claims in ers and advertisers, giving it ofusinganticompetitivetactics statesthatsuedGoogleon 230oftheCommunicationsDe- tions that Google runs” for
court.” uniquepoweroverthemoneti- topreserveamonopolyforits Wednesdayallegethecompany cencyAct,whichlargelyshields publishers’mobileadvertising,
Nine other attorneys gen- zationofdigitalcontent.Italso flagshipsearch-enginebusiness. manipulateddigitaladvertising digitalplatformsfromliabilityfor the lawsuit says. “The parties
eral, all Republicans like Mr. ownskeyplatformsforreach- marketsinviolationofantitrust theirusers’onlineactivities,al- agreeon[REDACTED]forhow
Paxton,joinedthelawsuit.No- ing consumers, such as You- FEDERALTRADE laws. legingthecompaniescensorcon- often Facebook would [RE-
ticeablyabsentwereDemocrats Tube. COMMISSION Anothergroupofstateat- servativeviewpoints. DACTED]publishers’auctions—
whohadinitiallyjoinedTexas The suit accuses Google of TheFTCsuedFacebookInc. torneysgeneralledbyColorado —JohnD.McKinnon literallymanipulatingtheauc-
inlaunchingabipartisanstate illegally“tying”theseproducts tionwith[REDACTED]forhow
investigationofGooglelastfall, to one another, leveraging its oftenFacebookwouldbidand
though it is possible more powerinonepartoftheadver- percentoftheaddollarsother- webpages, known as Acceler- But it says that Google “se- win,”thesuitsays.
statescouldjointhesuitlater. tisingchaintoforcepublishers wise flowing to the countless atedMobilePages,orAMP,to cretlyletitsownexchangewin, Thelawsuitseeksmonetary
Aseparate,bipartisangroupof or advertisers to use another online publishers and content effectively force publishers to even when another exchange damagesfromGoogleandasks
stateattorneysgeneralispre- Google-ownedtool. producers like online newspa- adopt a format that would submitted a higher bid.” The the court to restrain Google’s
paring another antitrust law- The claims echo past con- pers, cooking websites and makeithardertousealterna- program was “designed…to behavior,includingvia“struc-
suit against Google, which is cernsfromadvertising-technol- blogs who survive by selling tive ad technologies on those avoidcompetitionandthepro- turalrelieftorestorecompeti-
expected to target its search ogycompaniesandnewspub- advertisements on their web- pages. The suit alleges that gram consequently hurt pub- tiveconditionsintherelevant
businessandbefiledassoonas lishers. They say Google sitesandapps,”thesuitsays. Google came up with a secret lishers,”accordingtothesuit, markets.”Statesjoininginthe
Thursday. createdasystemrifewithcon- The suit added that this program to harm publishers, citinganinternalGooglecom- Texas-led case include Arkan-
TheTexas-ledcasecontains flicts of interest, in which it addedcost“isultimatelyborne code-namedinreferencetothe munication. sas, Idaho, Indiana, Kentucky,
allegations that aren’t ad- used its superior data advan- by American consumers “StarWars”franchise,withthe Googlehasconsistentlydis- Mississippi, Missouri, North
dressed in detail in a Justice tageanduniquedominancein through higher prices and precise name redacted in the putedclaimsthatitdominates Dakota,SouthDakotaandUtah.
Department lawsuit filed Oct. themarketplacetogiveprefer- lowerqualityonthegoods,ser- complaint. theso-calledadtechsector.“To David Chavern, CEO of the
20againstGoogle.Thefederal encetoitsowntoolsandsteer vices and information those Theprogramappearedtoal- suggestthattheadtechsector NewsMediaAlliancetradeas-
suit focused on Google’s flag- moneytoitsownproperties. businessesprovide.” lowpublishersmorefreedomto islackingcompetitionissimply sociation,welcomedthestates’
shipsearchbusiness,allegingit Google “now uses its im- ThesuitalsotargetsGoogle choosebetweenexchangesthat nottrue,”itsaidinablogpost suit.
maintains its status as gate- mensemarketpowertoextract forallegedlyinfluencinganini- matchthebuyersandsellersof lastyear.“Tothecontrary,the —KeachHagey
keepertotheinternetthrough averyhightaxof[REDACTED] tiative for developing mobile digitalads,thelawsuitalleged. industryisfamouslycrowded. contributedtothisarticle.
Congress completingthefull-yearspend-
ing bill. The package is ex-
pectedtopasstheHousefirst,
Gets Closer thenarriveintheSenate.
Congressionalleadershope
tokeepthepackage’stotalcost
To Aid Deal at around $900 billion and
were working to see how its
componentsfittogether.
Theywerediscussingreduc-
ContinuedfromPageOne ingtheperiodofenhancedun-
backedandlessthanthe$2.4 employment insurance to 10
trillionbillDemocratspassedin weeksfrom16weekstopayfor
theHousethisyear. the second round of direct
“We’re still talking and I checks,peoplefamiliarwiththe
thinkwe’regoingtogetthere,” discussionssaid.Congressional
Senate Majority Leader Mitch leaders were also discussing
McConnell (R., Ky.) said whethertoinclude$90billion
Wednesday. in aid for the Federal Emer-
Althoughmuchoftheagree- gencyManagementAgency.
ment mirrored a proposal Lawmakerssaidthechecks’
craftedbyabipartisangroup, amount was likely to be less
congressional leaders were than$1,200.
K
hagglingoverotherelementsof OC “That’s progress. It’s not
the sprawling package they RST whereIwouldlikeittobeorI
hopedtopasslaterintheweek. UTTE think it should be,” said Sen.
Lawmakersexpecttoattachthe SH JoshHawley(R.,Mo.),whohas
aidbilltoafull-yearspending PA/ beenpushingwithSen.Bernie
billneededtokeepthegovern- W/E Sanders(I.,Vt.)toaddanother
mentrunningafteritscurrent THE roundof$1,200checks.
funding expires at 12:01 a.m. WN For weeks, Democrats had
A
Saturday. H sought to include funding for
S
The aid package under dis- SenateMajorityLeaderMitchMcConnellwalkedtohisofficeafteraspeechontheSenateflooronWednesday. state and local governments
cussion was expected to ex- facing budget shortfalls after
cludethetwothorniestissues: tinuingandthatnofinalagree- chamberswithbipartisanma- Democratfamiliarwiththedis- governments, including mine, months of pandemic-related
fundingforstateandlocalgov- menthadbeenreached. jorities,”Mr.McConnellsaidon cussion. Mr. Schumer said arestillinreallytoughshape,” closuresandeconomicfallout.
ernments and liability protec- HouseSpeakerNancyPelosi theSenateflooronWednesday. Democratswouldseekfurther saidRep.JoshGottheimer(D., Republicanshadresisted,say-
tionsforbusinessesandother (D., Calif.), Senate Minority Mr. McConnell had called last aidnextyearwiththenewad- N.J.),co-chairmanoftheProb- ingnotallstatesneededaid.
entities operating during the LeaderChuckSchumer(D.,N.Y.), week for leaving behind the ministration. lemSolversCaucus,abiparti- Meanwhile, Mr. McConnell
pandemic,lawmakerssaid. House Minority Leader Kevin twomostcontentiousissues. DemocratssaidonTuesday sangroupof50Houselawmak- andGOPlawmakershadpushed
But congressional leaders McCarthy (R., Calif.) and Mr. “We are very close. We’re that states and local govern- ers involved in crafting a for legal protections for busi-
wereexpectedtoaddasecond McConnell met multiple times making really good progress,” ments would need more help proposal that congressional nesses,schoolsandnonprofits
roundofdirectchecks,likelyof onTuesday,talkinglateintothe Mr.Schumersaid,notingthat next year to keep paying the leaders used as the basis of operatingduringthepandemic,
a smaller size than the initial night,andcontinuedtheirnego- DemocratshadpersuadedRe- salaries of police officers and their negotiations. But “after saying liability limits would
round, which provided $1,200 tiationsonWednesday. publicans to add a second teachers, among other effects ninemonthsofabsolutestale- helptheeconomyfullyreopen.
toindividualsand$500perde- Treasury Secretary Steven round of direct checks. “They ofthebudgetshortfalls. mate, when people are hurt- Democratssaidtheywerecon-
pendentthisyear.SenateMa- Mnuchinjoinedthetwomeet- didn’twanttowritethestimu- President-elect Joe Biden ing…something is better than cernedthattheGOPproposals
jority Whip John Thune (R., ingsbyphone.TheTrumpad- luschecks,we’refightinghard applauded the emerging deal nothing,”hesaid. went too far and wouldn’t in-
S.D.)toldreportersonWednes- ministration has previously forthat.” on Wednesday but reiterated Lawmakershaveonlyafew centivize businesses to take
daythatheexpectedthechecks proposedsending$600checks. Mr. Schumer told Senate that he viewed it as a down daystocompletetheaidpack- precautionstoprotectworkers.
wouldbeinthe$600to$700 “We made major headway Democratsthatthebillwould paymentonadditionalaidthat age and spending bill and ap- DemocraticandGOPleaders
rangeperindividual. toward hammering out a tar- also include $25 billion for a wouldberequirednextyear. provetheminbothchambers. have said Congress shouldn’t
Congressional aides noted getedpandemic-reliefpackage new emergency rental assis- “We’regoingtohavetore- Lawmakersandaidessaidthey adjournuntiltheyhavepassed
thatthenegotiationswerecon- thatwouldbeabletopassboth tanceprogram,accordingtoa visitthat.Manystateandlocal were making good progress acoronavirusaidpackage.
THEWALLSTREETJOURNAL. Thursday,December17,2020|A5
TThhee 77 SSeeccrreettss ooff HHiigghh
NNeett WWoorrtthh IInnvveessttoorrss
New Exclusive Offer—Call Now!
2021 is almost here. Use The 7 Secrets of High Net Worth Investors to stay on track in the new year.
Request it now! Call 888-313-5782, text* “Secrets” to 68658 or visit FisherNestEgg.com/Secrets
Secret #1 Secret #5 Secret #7
Learn why See how different Discover
conservative withdrawal rates considerations your
investing is riskier can impact a estate plan should
than you think portfolio cover
What are other investors doing to be successful, and how can you do the same? If you’ve accumulated a
$500,000+ portfolio, you need to know The 7 Secrets of High Net Worth Investors. Learn how high net worth
investors manage their money, which investments they avoid and how they plan for life’s uncertainties, like
inflation, changing retirement income needs and more.
This NEW guide from Fisher Investments combines 40+ years of experience managing portfolios for high net
worth investors and tips from successful retirees that you can use in your retirement plan immediately. Join the
millions who have requested Fisher Investments’ FREE guides. Request yours today!
If you have $500,000 or more,
Call Toll-Free 888-313-5782,
Text* “Secrets” to 68658 or Visit FisherNestEgg.com/Secrets
*TermsandConditionsatfisherinvestments.com/en-us/text-terms-and-conditions.Messageanddataratesmayapply.
PleaseseeourPrivacyPolicyatfisherinvestments.com/en-us/privacy.
©2020FisherInvestments.5525NWFisherCreekDrive,Camas,WA98607.
Investmentsinsecuritiesinvolvetheriskofloss.Pastperformanceisnoguaranteeoffuturereturns.
A6|Thursday,December17,2020 THEWALLSTREETJOURNAL.
*****
U.S. WATCH
CRIMINALJUSTICE alty,thefirsttimethattheU.S. NORTHEAST virusvaccinetohospitals,andas HEALTHCARE pandemiconhealth-carespending.
governmentperformedmoreci- shippingcompaniesscrambleto “Althoughthefullimpactof
Executions Fall to Snowstorm Forecast Covid-19 Expected to
viliandeathsentencesthanthe deliveranunusuallyhighvolume thepandemiconthehealth-care
Lowest Since 1991 statesdidcombined. To Blanket Region ofpackagesbyChristmas.On Reshape Spending sectorisnotyetknown,itiscer-
Atleast11executionswere theotherhand,thelargenum- tainthatitwillhaveprofound
Thenumberofdeathsen- haltedordelayed—through TheEastCoast’sfirstmajor berofpeopleworkingandat- Thecoronaviruspandemicwill consequencesontheprovision
tencescarriedoutinthepan- stays,reprievesorreschedul- winterstormoftheyearmoved tendingschoolremotelyshould reshapehealth-carespending, andconsumptionofhealthcare
demic-strickenU.S.felltoa29- ings—becauseofcoronavirus-re- overPennsylvania,NewYorkand lessenthetrafficimpact,Mr. eventhoughitsfullimpactonthe goodsandservices,aswellason
yearlowin2020,despitearise latedprecautions,accordingto otherNortheasternstates Oravecsaid. sectorisn’tyetknown,theDe- thepayers,programs,andspon-
inexecutionsoffederalinmates. thecenter. Wednesday,withforecasterspre- Morethanafootofsnowis partmentofHealthandHuman sorsthatfundthatcarein2020
Theoveralltotalof17execu- Tenstateshaveabolished dictingmorethanafootofsnow likelyinabandstretchingacross Servicessaidinareportthat andperhapsbeyond,”accordingto
tionsfor2020wasthelowest capitalpunishmentsince2004. acrossaswathoftheregion. westernMaryland,centraland foundhealth-carespendingin- thereportfromtheCentersfor
since1991when14inmates Twenty-eightstatesstillau- Thestormcausedicycondi- easternPennsylvania,northwest creasedatarelativelyslowpace MedicareandMedicaidServices.
wereputtodeath,accordingto thorizecapitalpunishment,but tionsinpartsofNorthCarolina NewJersey,southernNewYork in2019becauseofgreaterhospi- Debatepersistsoverhowthe
anannualreportbytheDeath 12ofthemhaven’texecuted andVirginia,theNational andsouthernNewEngland,the talcareanddrugexpenditures. pandemicmightaffectU.S.health-
PenaltyInformationCenter,are- anyoneinatleastadecade,ac- WeatherServicesaid. weatherservicesaid.Partsof ThereportreleasedWednes- carespending,withsomeecono-
searchorganizationcriticalof cordingtotheDeathPenaltyIn- BobOravec,aweatherser- PennsylvaniaandtheCatskills dayshowedU.S.health-care mistspredictingearlyonthatthe
thedeathpenalty.Thenumber formationCenter. viceforecasterinCollegePark, couldget18to24inches. spendingin2019rose4.6%to paceofgrowthwillslowbecause
ofnewdeathsentencesimposed President-electJoeBiden,un- Md.,saiditwouldbeahighim- TheweatherservicesaidNew $3.8trillion,inlinewiththerela- ofadrop-offinelectiveproce-
thisyear—atotalof18asof likePresidentTrump,isadeath- pactstorm.“Wehaven’treally YorkCitywouldlikelyget14 tivelyslow4.7%increasethe duresandin-personmedicalcare.
mid-December—isthefewest penaltyopponent.TheDemocrat’s hadalotofbigstormsthepast inchesofsnow.Theprecipitation prioryearandinkeepingwitha Buttheworseningpandemic,
sincecapitalpunishmentwasre- campaignplatformcalledforre- fewyears”ontheEastCoast,he shouldendbyThursdayafter- largelystablepacesince2016. andmorespendingonhospital-
instatedin1976,thereportsaid. placingcapitalpunishmentwith said.“Littlebitofachange.” nooninBoston,whichcouldsee Federalofficialswarnedthat izations,couldhavetheopposite
Tenexecutionswerecarried lifesentenceswithoutparole. Thestormishittingasstates afootofsnow,Mr.Oravecsaid. thefindingsdon’tincludeanyof effect,otherssay.
outunderthefederaldeathpen- —JacobGershman aredistributingthenewcorona- —ScottCalvert theeffectsofthecoronavirus —StephanieArmour
FROM PAGE ONE
U.S. Plans George H.W. Bush administra- the confession Mr. Masud had
tionin1991,Mr.Barrsaid,“We providedtoaLibyanintelligence
willnotrestuntilallthosere- officer,U.S.investigatorssought
Lockerbie sponsible are brought to jus- to interview either Mr. Masud
tice.”Theeffortstoprosecute orhisinterrogator,officialsfa-
themendriftedforyears.Scot- miliarwiththemattersaid.In
Charge tishprosecutorshadbroughta thespring,FederalBureauofIn-
parallelcase,anditwasn’tuntil vestigation agents traveled to
1999—afteryearsofwrangling TunisiatointerviewtheLibyan
among the U.S., the U.K. and intelligenceofficer.
ContinuedfromPageOne Libya—thattheGadhafiregime KentSyverud,thechancellor
many of them returning home handed over Megrahi and of Syracuse University, which
fromEuropefortheholiday.The Lamin Khalifah Fhimah. Mr. willholditsannualcommemo-
complaintraisestheprospectof Fhimahwasacquitted,andMe- rationofthebombingonMon-
afirstU.S.trialrelatedtothein- grahiwasgivenalifesentence. day’sanniversary,saidthevic-
cident. Among the Americans EvidenceintheMegrahicase timswouldneverbeforgotten.
whodiedwere35studentsfromSS includedtheremainsofcloth- “Likeallofthefamilies,friends
RE
SyracuseUniversityinNewYork.P ingfromasuitcasethoughtto and loved ones of the victims,
D
The bombing led U.S. law-ATE havecarriedthebomb.Investi- weeagerlyawaitthedaywhen
makerstobrandLibyaasastateOCI gatorstracedtheclothingtoa all those responsible are
sponsorofterrorismandeven-ASS shop in Malta, whose owner brought to justice, no matter
tuallyforcedtheLibyangovern- ThebombingofPanAmflight103overScotlandkilled270people,190ofthemAmericans. identifiedMegrahiastheman howlongittakes,”hesaid.
mentin2003topaymorethan Prosecutorssuspectaman,nowinLibyancustody,ofbeingthebombmakerinthe1988attack. whopurchasedit.Investigators Aamer Anwar, a lawyer for
$1billionasrecompensetothe also found remnants of a theMegrahifamily,saidofthe
familiesofthevictims. sentence for bomb making, in grounds”andhediedin2012. Thecaseisalsoofpersonal thumb-size timer, which they newU.S.charges:“It’sdifficult
The case, filed by prosecu- connection with a variety of His family is appealing the significancetoAttorneyGeneral tracedtoaSwisscompanythat nottobecynicalaboutthemo-
torsintheU.S.attorney’soffice othercrimesandnodecisionhad verdict, which was made by a William Barr, who had an- hadcontactswithLibya. tivationsoftheAmericans.”
in Washington, D.C., is based beenmadeaboutanyextradition specialpanelofjudgeswithouta nounced U.S. charges against Mr.Masudfaceschargesof Libyahasundergoneatrans-
largelyonaconfessionthatMr. request. A spokeswoman for jury.SomeprominentScottishju- MegrahiandanotherLibyanof- destruction of an aircraft re- formation since the original
MasudgavetoLibyanauthori- Scotland’s prosecution service ristsandfamilymembersofthe ficial in his first major press sulting in death and destruc- prosecution.Gadhafiwasover-
tiesin2012,whichwasturned declinedtocomment. victimshavequestionedtheevi- conference in his first stint in tion of a vehicle of interstate thrownandkilledinapopular
overtoScottishauthoritiesin Onlyoneman—AbdelBaset dencepresentedandtheproce- thejobin1991.Heisexpected commerce resulting in death. rebellion backed by NATO air-
2017,aswellastravelandim- al-Megrahi—was convicted by dureusedforthetrial,whichwas tounveilthenewcaseatapress U.S.officialssaidhetraveledto strikesin2011,andademocratic
migration records of Mr. Scottishjudgesofplayingarole heldatCampZeistintheNether- conferenceinthenextfewdays, Maltajustbeforethebombing, transitionspiraledintocivilwar.
Masud,U.S.officialssaid. in the attack, leaving many of landsinabidtofindaneutrallo- officials said, in what will be constructed the bomb there Libyaissplitbetweenaninter-
MohammedAliAbdallah,ase- thevictims’familiessayingthey cale. U.K. prosecutors have ar- oneofhislastofficialactsbe- and filled the suitcase with nationally recognized govern-
nioradvisertoLibya’sU.S.-recog- felt robbed of justice for the guedthatthecasewasproperly fore he steps down from the clothing before it was ulti- mentinTripoliandarivalgov-
nized government, said Libyan crimes. Megrahi was released prosecutedandU.S.law-enforce- postforasecondtime. matelyplacedonPanAm103. ernmentinthecountry’seast.
authorities had questioned Mr. eightyearsafterhis2001con- mentauthoritieshavesupported In announcing the case as After obtaining information —JaredMalsin
Masud,whoisservinga10-year viction on “compassionate theguiltyverdict. actingattorneygeneralinthe fromScottishauthoritiesabout contributedtothisarticle.
The Wall
Street
Journal CFO
Network Summit
January 13, 2021, 11:00 a.m.–2:00 p.m. ET | Online Event
SPEAKERSINCLUDE
StevenBaronoff TheWallStreetJournal’sCFONetworkconvenesJanuary13atakeytimein
Chairman,GlobalMergers&Acquisitions U.S.history.Thenationhaschosenanewpresidentwithnewambitionsfor
BankofAmerica
businessregulationathomeandabroad.Thatagendawillunfoldagainstan
RichardJones historiceconomicdownturnandhealthcrisisthatcontinuestocripplebusiness
Chairman andtransformthewaycustomersbehave.We’llexplorewhereregulationmay
FinancialAccountingStandardsBoard
beheadednext,howcompaniesareadaptingtothehealthcrisis,andmany
KathleenOberg othersubjectsthroughinsightfulinterviews,interactivebreakoutsessions,and
peer-to-peerconversationsthatwillhelpbusinessleaderscharttheroadahead.
CFOandEVP
MarriottInternational
HesterPeirce
Commissioner
SecuritiesandExchangeCommission
Membershipisbyinvitation:[email protected]. LearnmoreatCFONetwork.wsj.com/inquire
FoundingSponsor
©2020DowJones&Co.,Inc.Allrightsreserved.6DJ8209
P2JW352000-5-A00700-1--------XA
THEWALLSTREETJOURNAL. Thursday,December17,2020|A7
*****
U.S. NEWS
Shot Takers
Undeterred by
Side Effects
BYROLFEWINKLER Frequencyofadverse GES
A
reactionswithinsevendays M
I
sheJogcoetlyMnoEddewranradsInwc.a’ssne’xtpseurrie- vaaftcecrinseesc,oinndcldinoiscealotfrCiaolvsid-19 GETTY
pmlaecnetabloCwohveind-s1h9evraeccceiinveedohrear MODERNAVACCINE RESSE/
P
first of two doses in August. Placebo NCE-
Hours after the second shot, Fatigue FRA
she said she was sure it was NCE
thegenuinearticle. Headache GE
A
“Iwokeuparoundmidnight M/
freezing,”saidthe68-year-old Jointpain STE
Y
retirednurse.“Forthenext24 S
H
hoursIhadintensechills,seri- Vomiting* ALT
ousneckpain,headache,allmy HE
Fever D
jointswereaching.”Shehada R
O
F
feverthatpeakedat102.4and Musclepain RY
pouredoutsomuchsweatthat 0% 25 50 HEN
shelost3pounds,shesaid.The AvolunteerinModerna’sCovidvaccinetrialinDetroitinAugust.AnFDApanelissettoreviewtheshot'ssafetyandefficacyThursday.
followingdayshewokeupand PFIZER
feltfine.
Ms.Edwards,liketheother Fatigue DailyU.S.Cases ofdatacompiledbyJohnsHop- Therewere112,816people President-electJoeBidenin-
30,000 volunteers who took Near200,000Again kinsUniversity,upfromMonday’s hospitalizedwiththediseaseon tendstopubliclyreceivethecoro-
part in Phase 3 clinical trials Headache 192,805butdownfromthere- Tuesday,accordingtotheCovid navirusvaccineassoonasnext
forModerna’sCovid-19vaccine, cord233,133reportedforFriday. TrackingProject,the10threcord- week,histransitionteamsaid
Musclepain
wasn’ttoldwhethershegotthe Itwasalsolowerthanthe highdayinarow.Thatincluded Wednesday,ashealthofficials
vaccineoraplacebo.However, TheU.S.addednearly 219,772casesreportedaweek arecord21,897inintensivecare. seektoovercomeanydoubts
Jointpain
shesaidatrialresearcherattri- 200,000newlyreported earlieronDec.8. Nationwide,nearly16.8million aboutitssafety.
buted her symptoms to her Covid-19casesandsetarecord Thenumberofcasesre- peoplehavebeeninfectedand VicePresidentMikePencewill
Fever†
body mounting a strong im- forhospitalizationsforthe10th portedeachdaytendstobe morethan307,000havedied,ac- getvaccinatedFriday,theWhite
mune response to what was Vomiting dayinarow. loweratthebeginningofthe cordingtoJohnsHopkinsdata. Housesaid.Hiswife,Karen,and
most likely the vaccine. “It’s Thenationreported198,357 weekandrisetowardtheendof Californiareporteditssecond- SurgeonGeneralJeromeAdams
0% 25 50
betterhaving36hoursoffeel- newcasesforTuesday,according theweek,asfewerpeopleare highestnumberofdeathsina willalsogettheshot.
ing really rough than getting *Includingnausea†100.4°Forhigher toaWallStreetJournalanalysis testedovertheweekend. day,with276. —AdamMartin
Note:Forages18–64forModerna,
Covid,”shesaid. 18–55forPfizer Source:FDA
Moderna declined to com-
mentforthisarticle. fevercomparedwithlessthan beingadministeredmedication thewomanwasoffallmedica- thorization on Friday and City,gotchills,afeverandse-
As the first vaccine from 1% of the placebo group, and and was expected to be dis- tionsWednesday. health-careworkersstartedre- verejointandmusclepainafter
Pfizer Inc. and BioNTech 48%gotchillsversus6%ofpla- charged from the facility later Twoofthefirstpeoplevac- ceivingthevaccinethisweek. getting her second dose of
SErollsoutthisweekandthe cebo recipients. Fatigue and Wednesday. cinated last week with the BradHoylman,a55-year-old Moderna’s vaccine over the
next one from Moderna looks headacheswerealsomorecom- “She was very positive Pfizer shot in the U.K. had an state senator from New York, summeraspartofitsPhase2
poisedtostartreachingpeople monamongvaccinerecipients. throughout, except when she allergicreactionfollowingthe spenttheeveningafterhissec- trial.Ms.Warrensubsequently
soon,someAmericanshaveex- Pfizer’svaccine,whichuses washavingananaphylacticre- injection.Bothrecoveredafter ondPfizershotshiveringunder tookteststhatshowedantibod-
pressedreservationsaboutget- technology similar to Mod- action,”Bartlett’sDr.NobleAn- receivingtreatment. apileofblanketsasheranafe- iesforCovid-19,shesaid,sug-
ting vaccinated. One concern erna’s,showedsimilarsideef- derson said. “She was excited Pfizer has said its vaccine ver around 102, had severe gestingshegottheexperimen-
hasbeenpossiblesideeffects. fects, according to data re- shegotthefirstdoseanddisap- was generally well tolerated body aches and a splitting talvaccine.
Whilethedatashowthatsome leased last week. Among its pointedshewillnotbegetting withnoserioussafetyconcerns headache.Bythenextmorning Despite the possibility of
ModernaandPfizertrialvolun- volunteersaged18to55receiv- theseconddose.” reported by the independent the symptoms were gone, harshsideeffects,Ms.Warren
teersexperiencedsideeffects, ingtheirseconddose,15.8%got Theepisodecomesafterre- data-monitoringcommittee. though he felt fatigued for a stillrecommendseveryoneget
eventhosewhohadharshreac- afever,comparedwith0.5%of portsofallergicreactionsinthe InboththePfizerandMod- fewdays.“It’sdefinitelyworth vaccinated. “Get the shot be-
tionsrecommendtheshots. the placebo group; 35% got U.K.afterthevaccineswereau- erna trials, most side effects getting the shot,” said Mr. causeitcansaveyourlifeand
A Food and Drug Adminis- chillsversus4%ofplacebore- thorized.ThewomaninAlaska werereportedasmildormod- Hoylman.“Itbeatsdyingfrom your family’s life,” she texted
trationadvisorypanelissetto cipients; and they also got hasnohistoryofallergiesbut erate, and they occurred at a Covid.” from a beach in Mexico last
reviewthesafetyandefficacy moreheadachesandweremore sufferedareactionthatincluded lowerrateinoldervolunteers. Toreachherdimmunityfor weekwhereshewasvacation-
ofModerna’sexperimentalvac- fatigued than those who got shortnessofbreath10minutes “It’sareallygoodsignthat Covid-19,public-healthauthori- ing.Shefeltsafertravelingbe-
cineonThursday.Thecompany theplacebo. aftertakingthevaccine,officials there is a signal from your tiesestimatethat60%to70%, causeshewasvaccinated,she
released data Tuesday that Ahealth-careworkerinJu- of the Alaska Department of body that there is something butpossiblyaslowas50%,ofa wrote.Shesaidshestillprac-
showed that its shot is 94.1% neau, Alaska, was hospitalized HealthandSocialServicessaid. differentinsideyou,”saidPaul given population would need ticessocialdistancing,wearsa
effectiveatpreventingCovid-19 after receiving the vaccine TheworkertookBenadrylaf- Duprex,directoroftheCenter antibodies to protect against mask and frequently washes
with certain symptoms. The Tuesday at Bartlett Regional ter the symptoms began, but for Vaccine Research at the infection.IfAmericansdecline her hands since it isn’t clear
data also show that after the Hospital,inwhatofficialsthere when she didn’t improve, she University of Pittsburgh. “It’s tobevaccinatedinlargenum- yetwhethervaccinatedpeople
second of two doses, about called the first known case in wasadmittedtotheemergency being recognized by your im- bersforanyreason,including canstillcatchandshedthevi-
twiceasmanytrialvolunteers theU.S.ofanallergicreaction room of Bartlett and was ad- mune system to make all im- fearofsideeffects,itmaycost ruseveniftheyareprotected
aged18to64whoreceivedthe totheshot. ministeredepinephrinethrough portant SARS-CoV-2 antibod- the nation a chance to stamp from developing symptoms
vaccineexperiencedsideeffects The woman, whose name intravenousdripaswellasPep- ies.” outthedisease. themselves.
compared with those injected wasn’treleased,recoveredfrom cidandBenadrylandkeptover- The FDA granted Pfizer’s AmyWarren,a48-year-old —JaredS.Hopkins
withaplacebo.About17%gota theanaphylacticreactionafter night, they said. Officials said vaccine an emergency-use au- nurse practitioner in Kansas contributedtothisarticle.
First Drugs Reach Nursing Homes Vaccine Supply Gets
An Unexpected Boost
BYJAREDS.HOPKINS
The initial round of ship-
ments of the nation’s first BYTHOMASM.BURTON
Covid-19vaccinestostatesand TwittertoDelete
hospitalswasscheduledtofin- WASHINGTON—The Food MedicalFalsehoods
ish Wednesday, as long-term- andDrugAdministrationsays
care facilities and nursing there will be more doses of
homesbeganreceivingdoses. the Covid-19 vaccine from
PfizerInc.begandistribut- Pfizer Inc. and BioNTech SE TwitterInc.isplanningto
ingtheshotitdevelopedwith thanexpected,thankstoextra removepoststhatcontain
Germany’s BioNTech SE onRESS supply in the vials and more whatitdeemsharmfulormis-
Sunday,and636hospitalsandDP efficient syringes that help leadinginformationabout
vaccinationsiteswereslatedtoATE maximizethecontents. Covid-19vaccines,inthetech
receivethembyWednesday. OCI Insteadofbeingabletoex- company’slatestefforttoslow
A second round of ship-ASS tractfivedosesfromeachvial, thespreadoffalseclaimsre-
R/
ments was slated to startSTE an FDA official said, clinics latedtothepandemic.
Thursday and finish Sunday,GI can administer six or seven Twitter’sexpandedpolicy
completing an initial 2.9 mil-YRE per vial with the more effi- announcedWednesdayabout
lion tranche. Federal officialsUNT cient syringe. The phenome- misinformationfollowstheroll-
O
also said Wednesday that an-C nonhadrecentlybeendiscov- outofthedistributionofvac-
other tranche of two millionNGE ered by hospital pharmacists cinesthatcouldendthepan-
A
doseswouldbeginnextweek,OR administeringthevaccine,the demicbutthatneedcritical
withanidenticalamountthreeHE officialsaid. adoptiontobebroadlyeffective.
weekslaterforaboostershot.N/T With the added doses, the Underthenewrules,Twit-
FloLroidnaga-tnedrmW-ecsatreVifragciinliitaiehsavineGRITCHE tvoatcaclinsuesppalvyaoilfabPlfeizfeorrCtohveidU-.1S9. ttewreseatisdtihtawtosuulgdgreesmtovvaeccines
begun administering the vac-JEFF publicmaybeupto16%more areusedtocauseharmtopop-
cines,saidGen.GustavePerna, ThePfizer-BioNTechvaccinearrivedWednesdayatProvidenceSt.JosephHospitalinOrange,Calif. than had earlier been stated, ulations;falseclaimsaboutthe
chiefoperatingofficerofOper- theofficialsaid. adverseimpactsofreceiving
ationWarpSpeed,thefederal and Connecticut facilities Fri- health authorities have been said Wednesday that some The FDA official also said vaccines;andpoststhatsug-
government’s coronavirus-re- day, then more broadly next countingonavaccine’sarrival doses destined for Alabama partofthereasonfortheex- gestCovid-19isn’tseriousand
sponseprogram.HesaidOhio weekwiththegoalofreaching to help bring an end to the andCaliforniabecametoocold tra doses is that Pfizer has thereforedoesn’twarranta
and Connecticut are expected the nation’s approximately pandemicandallowgatherings and weren’t delivered.The been“extragenerous”inhow vaccine.
tobeginvaccinationsinfacili- 15,600 nursing homes and and the reopening of schools doseswerereturnedtoPfizer, itfilledthevials. Twitterplanstobeginen-
tiesFriday,with1,100facilities 29,000assisted-livingcommu- andbusinesses.PfizerandBi- and new doses were shipped, Pfizer has estimated that forcingthenewrulesMonday.
aroundthecountrysettobegin nities. oNTech’s vaccine came in re- Gen.Pernasaid.Hesaidfederal the total amount of vaccine —GeorgiaWells
Monday. WestVirginiastartedgiving cordtime,lessthanayear,and officials were working with doses available by the end of
AtJohnKnoxVillage’snurs- theshotstolong-term-carefa- one from Moderna Inc. could Pfizer to determine whether 2020 would be about 25 mil-
ing home in Pompano Beach, cilitiesTuesday,withabout18 be cleared by regulators later vaccinesthatarrivecolderare lion.Becauseitisatwo-dose reportedearlierbyPolitico.
Fla., paramedics began giving sites getting the vaccine that thisweek. stillsafetouse. regimen,thatprovidesfullin- Thenewsoftheadditional
shotsWednesdaymorning,and day,accordingtotheWestVir- “Iwasalwaysoptimisticthat InNewMexicoonTuesday, oculationsforabout12.5mil- cases came as the Covid-19
noadversereactionswerere- giniaHealthCareAssociation, this could be accomplished,” workers noticed a possible lionpeople. pandemic continued to
ported, according to Mark an industry group. Nursing- said Dr. Lloyd Minor, dean of temperaturechangewithone David Kessler, a leading spread. The U.S. reported
Raynor,directorofhealth-care homestaffersinatleastafew Stanford University School of of the state’s 18 batches of medicaladvisertoPresident- nearly200,000newcoronavi-
services.Heearliersaidaround otherplacesaregettingshots Medicine,whichexpectstore- vaccines and discarded 75 elect Joe Biden, said he has ruscasesWednesday,withthe
90%oflong-termnursing-home thisweek,accordingtoindus- ceive 3,900 doses Friday. doses for the sake of safety, recently been in communica- dailydeathtolltopping3,000.
residentswereexpectedtopar- tryofficials. “Theseclinicaltrialshavebeen saidaspokesmanforGov.Mi- tion with Pfizer, which told Anothercompany,Moderna
ticipate. The pandemic has devas- done very rigorously. They’ve chelleLujanGrisham. himthatpharmacistsneedto Inc., is seeking FDA permis-
The Florida vaccination ef- tated long-term-care facilities beendonequickly,butthey’ve DeliveryofPfizer’svaccine usemoreofthemoreefficient siontouseitsvaccine,andis
fort, in Pinellas and Broward in the U.S., with more than beendonewithenormousrigor couldfaceanearlysetbackas syringes. going before an independent
counties, is one of several 113,000deathssofar,according andvolumesofdata.” a winter storm began hitting “Thereisextramaterialin advisory committee to the
launching before the federal to a Wall Street Journal tally. Federalofficialssaytheroll- theEastCoastonWednesday. there,”Dr.Kesslersaid. FDA Thursday. Moderna has
long-term-care program with Cases and deaths have been out, a complex process given But shipping companies and TheFDAplanstoannounce saiditexpectstohave20mil-
CVS Health Corp. and Wal- rising again recently in the the requirement to ship the localandstategovernmentof- soon precisely what syringes liondosesavailabletoshipin
greens Boots Alliance Inc. midst of the broader increase vaccinesatultracoldtempera- ficialssaidtheywereprepared shouldbeusedtoachievethe theU.S.bythenendof2020,
That national program is ex- acrosstheU.S. tures, has largely gone as for the region’s first major extraefficiency. enough to inoculate about 10
pectedtokickoffinafewOhio Public-health officials and planned, although Gen. Perna snowfallthisyear. The additional doses were millionpeople.
A8|Thursday,December17,2020 THEWALLSTREETJOURNAL.
**
WORLD NEWS
U.S. Labels Switzerland, Vietnam Trade Cheats
Treasuryaccusesthe
Mr. Mnuchin’s statement whether a country manipu- currencymeasureshavegiven peatedly in its foreign-ex- otherreasonsbehindSwitzer-
twoofunfairly accompanied the Treasury’s latesitsexchangerate:Theex- acountry.Bylaw,thedesigna- change markets in recent land’sexchange-ratemanage-
foreign-exchange report, tent of active intervention in tionstriggernegotiationsthat years. The Swiss National ment,butnotedthatthecoun-
interveningin
whichaddressesthecurrency currencymarkets;thesizeof could eventually lead to the Bank has said its foreign-ex- try’s current-account surplus
currencymarkets practicesandmacroeconomic tradesurpluseswiththeU.S.; impositionoftariffs,butthere change market interventions wasstillextremelylarge.
policiesofmajorU.S.trading and the size of the country’s isnoautomaticpenalty. are motivated by monetary- Vietnamese Embassy offi-
BYKATEDAVIDSON partners.Thereport,typically current-account surplus, a The agency added India, policyconsiderations. cials in Washington couldn’t
released twice a year, is the broadermeasureoftradethat TaiwanandThailandtoafor- The Swiss National Bank bereachedtocomment.
WASHINGTON—The U.S. Treasury’sprimaryvehiclefor includes investment income mal monitoring list reserved saidthatit“remainswillingto TheTreasurysaidinAugust
Treasury Department labeled officiallydesignatingcountries andotherfinancialflows. forcountriesthat“meritclose intervenemorestronglyinthe it had determined that Viet-
Switzerland and Vietnam as ascurrencymanipulators. BothVietnamandSwitzer- attention to their currency foreignexchangemarket,”cit- namdepresseditscurrencyin
currency manipulators on TheTreasurysaiditdeter- landtrippedallthreecriteria,a practicesandmacroeconomic ingthecountry’seconomicsit- 2019,thefirstcasethedepart-
Wednesday,sayingtheyinter- minedthatatleastpartofboth seniorTreasuryofficialsaidon policies.”China,Japan,South uationandaSwissfrancthat mentweighedinonsincenew
vened in foreign-exchange countries’foreign-exchangein- acallwithreportersWednes- Korea, Germany, Italy, Singa- is“stillhighlyvalued.” regulationstookeffectinApril
markets to limit appreciation tervention over the past four day. The Treasury had con- pore and Malaysia remained “Switzerland does not en- allowingcurrency-focusedtar-
oftheircurrenciesandgainan years aimed to prevent effec- tactedofficialsineachcountry onthewatchlist,havingbeen gage in any form of currency iffs.TheadministrationinOc-
unfairtradeadvantage. tivebalanceofpaymentadjust- to notify them of the coming placed there in previous re- manipulation,” it said. For- toberlaunchedaseparatein-
“TheTreasuryDepartment ments. The agency said Viet- designation,theofficialsaid. ports. eign-exchange market inter- vestigation into the trade
hastakenastrongsteptoday namalsosoughttogainunfair TheactionbytheTreasury InitslastreportinJanuary, ventionsarenecessary,itsaid, practicesofVietnam,faulting
tosafeguardeconomicgrowth competitiveadvantageininter- is mostly symbolic, requiring the Treasury added Switzer- to“ensureappropriatemone- thecountryforcurrencyprac-
andopportunityforAmerican nationaltradethroughitsex- theU.S.administrationtocon- landtotheformalmonitoring taryconditionsandtherefore tices and invoking the same
workers and businesses,” change-ratemanagement. sult with the International list. Switzerland has a large pricestability.” tradelawtheU.S.usedinim-
Treasury Secretary Steven The Treasury Department MonetaryFundtotrytoelimi- andrisingtradesurpluswith Senior Treasury officials posing sweeping tariffs on
Mnuchinsaid. uses three criteria to assess natetheunfairadvantagethe theU.S.andhasintervenedre- acknowledged there may be Chineseimports.
Egypt’s ‘Cold Peace’ a Harbinger for Region French Court
Convicts 14
BYJAREDMALSIN RegionalcountriesthatrecognizeIsrael Hosni Mubarak, Egypt’s
ANDAMIRAEL-FEKKI (yearofrecognition) president from 1981 until his In Charlie
overthrowin2011,maintained
EgyptianpopstarMohamed Regionalcountriesthatdon’trecognizeIsrael thepeacetreatybutdidlittle Hebdo Trial
Ramadanposedforaphotoat Regionalcountries‛warming’toIsrael to promote contact between
a party in Dubai in Novem- EgyptiansandIsraelis.
ber with a prominent Israeli Inrecentyears,morethana BYNOEMIEBISSERBE
singer.Onhisreturnhome,a MOROCCO TURKEY(1950) dozen well-known Egyptians
(2020)
pro-government lawyer sued TUNISIA AFGHAN. havecomeunderfirefordeal- PARIS—AFrenchcourtcon-
him for “insulting the Egyp- SYRIA ingwithIsraelis,includingthe victed14peopleWednesdayof
tianpeople.” IRAN country’stopMuslimandCop- helpingcarryoutthe2015ter-
ISRAEL IRAQ
A semiofficial musicians ALGERIA PAK. ticChristianreligiousleaders, rorist attacks on satirical
unionhassuspendedMr.Ram- JORDAN BAHRAIN writersandartists. weekly Charlie Hebdo and a
(1994) (2020)
adan and Egypt’s journalism LIBYA Israelisarguethattheyface kosher grocery store, as
EGYPT
syndicatelaunchedaboycottof (1979) SAUDI (U2.0A2.E0.) fewer challenges to cultural Francesoughttocloseoneof
thesinger.ATVseriesinwhich ARABIA normalization in the Gulf re- the more painful chapters in
hewasactingwascanceled. gion given the lack of past itsmodernhistory.
Mr. Ramadan has said he OMAN warsbetweenthecountries. The three-day shooting
wasn’t aware of the singer’s Israel faces more popular spree that killed 17 people in
nationality. “Had I known, I SUDAN resistance to normalization January2015markedthestart
(2020) YEMEN
would have certainly refused elsewhere.InSudan,thepeace ofastringofterroristattacks
to take the photo,” he wrote dealisteeteringduetodomes- that would leave hundreds
onFacebooklastmonth. ticopposition.Morocco’sking deadintheyearstocome.Po-
Egypt was the first Arab Arabstatetoagreetoopening criticizingMohamedRamadan cates, discourage their mem- facespoliticalpressurenotto licekilledallthreeofthegun-
country to recognize Israel diplomaticrelationswithIsrael. willservetheircause?” bersfromcontactwithIsraelis. deepentieswithIsrael. men who attacked Charlie
more than 40 years ago, but Throughout the region, For ordinary Egyptians, a ThispersistsdespiteEgypt’s Israel also faces the chal- Hebdoandthegrocer.
thenation’srelationshipwith sympathyforthePalestinians combination of opposition to cooperationwithIsraelonse- lenge of forging diplomatic OnWednesday,Parisjudges
it shows the challenges of runsdeep,reflectedinrecent Israel’streatmentofthePales- curityandPresidentAbdelFat- ties with autocratic govern- sentencedanetworkofpeople
translating government ties, protests in Sudan and Mo- tinians,lingeringhostilityfrom tahAlSisi’sopennessabouthis ments who may be at odds charged with assisting the
often driven by mutual secu- rocco against the normaliza- when the countries were at warmrelationshipwithIsrael’s withpopularsentimentabout men.Threewereconvictedin
rityinterests,intograss-roots tiondealsandcampaignscall- warandantipathyfromsome Prime Minister Benjamin Ne- theIsraeli-Palestinianconflict. absentia, including Hayat
goodwill. It also represents a ing for boycotts of Israeli officials means that contact tanyahu. The so-called cold Egypt’s president is a former Boumeddiene, who married
cautionary tale for Israelis productsandinstitutions. with Israelis is rare. The ties peaceistheresultofadualap- general who overthrew his oneofthegunmenandfledto
seeking acceptance from the However, Israeli officials thatdoexistoftenaresecret. proachbyCairoinwhichiten- electedpredecessorinacoup, Syria. She received a 30-year
broaderMiddleEastandNorth havepointedtothenewdeals The one direct flight from gagesinacloserelationshipat whiletheEmiratesisafedera- sentence for belonging to a
Africathroughnormalizingre- andthewarmreceptionIsrae- CairotoTelAvivisn’tlistedon the top, but limits social and tionofabsolutemonarchies. terrorist organization and fi-
lationshipswithgovernments. lishavereceivedinDubaiwhen public schedules in the Cairo institutionalties,inpartdueto “TheIsraeliswouldbewor- nancingterrorism.
The United Arab Emirates travelingforworkorpleasure. airport and flies without an fearoflosingpubliclegitimacy. ried if there were genuinely Ali Riza Polat, a French-
andBahrainforgeddiplomatic “It’sstrangeandfunnythat Egyptian flag. Exchanges be- The complicated relation- elected democratic govern- Turkishman,wassentencedto
relations with Israel in Sep- asimplephotowithanIsraeli tweenEgyptianandIsraeliac- ship began soon after Cairo ments in any of these places. lifeforaidingAmedyCoulibaly,
tember,unitingagainstIranin should create all this contro- ademics,artistsandmembers made peace with Israel in Thatcouldthreatenthosere- themanwhoattackedthegro-
a U.S.-brokered deal that versy,” said Lior Ben Dor, an of parliament are rare. Israel 1979, following the October lations,”saidKhaledElgindi,a cerystore.Hislawyerplansto
marked a broader diplomatic Israelidiplomatrespondingto ranked 27th among Egypt’s 1973 war. The treaty allowed senior fellow at the Middle appeal.Threeotherswerecon-
realignmentintheMiddleEast. theRamadancontroversy.“We trading partners as of 2018, Egypttoregaincontrolofthe East Institute in Washington victedonterrorcharges.Seven
AmonthlaterSudanagreed understandyoursolidarityas accordingtoWorldBankdata. Sinai Peninsula, which Israel andformeradvisertothePal- were found guilty of lesser
tonormalizeties.InDecember, ArabswiththePalestinianpeo- Government-linkedinstitutions hadpreviouslycapturedinthe estinianleadershiponnegotia- crimes,suchasbelongingtoa
Morocco became the fourth ple, but do you really think inEgypt,suchastradesyndi- 1967SixDaywar. tionswithIsrael. criminalenterprise.
Nigeria Struggles to Contain Jihadist Insurgency
BYJOEPARKINSON sprawling Rugu forest, which
ANDGBENGAAKINGBULE spreads over three states and
hundredsofmiles.
KANKARA, Nigeria—The Decemberistheendofthe
sand-coated courtyard at the rainyseason,whenthecanopy
Kankara Government Science isdensest.Securityofficialssay
School, once the setting for they intercepted communica-
soccergamesandawardscere- tionamongthekidnappersthat
monies,hasinrecentdaysbe- the boys had been separated
comeagrimassemblypointfor into three groups on Monday,
parentsofmorethan300boys and could have been divided
kidnappedinNigeria’slargest- intosmallergroupssincethen.
everschoolabduction. The region is dotted with vil-
Dozens of grieving families lages and small settlements,
have gathered at this all-boys makingithardtoseparatemili-
boarding campus, gaunt and GES tant and hostage from farmer
drawnfromlackofsleep,since MA ornomadicherders.
their sons were abducted by YI Thehostagehuntisreminis-
gunmen on Friday night and GETT cent of the U.S.-led aerial
drivenintothedenseforestbe- SSE/ search for more than 200
yondtheschool’spastel-colored RE schoolgirlhostagescapturedin
P
classrooms.Theyhavecometo NCE- 2014, when American intelli-
demandanswersonhowtheji- A gence officials based in Ger-
R
hwahdicishthagsrocluapimeBdokreospoHnasriabmil-, GENCEF mhoaunryspoofrefdoootvaegrethboeuasmaneddsoinf
ity for the attack, could have N/A fromGlobalHawkdronesflying
venturedsofarfromitsstrong- MO overtheSambisaforestinNi-
holdsintothisremotecornerof ULAI geria’snortheast.
northwest Nigeria and seized S U.S. drones scoured a vast
A
hundredsoftheirchildren. OL forest but spotted only one
K
“How could this have hap- AmanwhosesonwasamongthosetakenbygunmenwaitsfornewsoutsidetheGovernmentScienceSecondarySchoolinKankara. largegroupofyoungwomenit
pened?”askedSuwaibaLawan, believedtobetheChibokhos-
whose15-year-oldsonisamong healsocarriedoutthisopera- est land force—a strong U.S. Frenchmilitarieshavebasesor “We are no longer fighting tagesastheysatunderatree—
themissing.“Helovedithere.” tion.Thousandsarespreading counterterrorismally—isstrug- provide special-forces train- towin…thestrategyiscontain- an image that came to be
Anothermother,JamilaSalisu thewordonsocialmediawith glingtocontaina10-yearjihad- ing. Across northern Nigeria, ment and damage limitation,” knownas“thetreeoflife.” U.S.
said she had barely slept or anewhashtag:#BringBackOur- istrebellionthathasmetasta- themilitantshavebeenadvanc- saidoneseniorNigeriansecu- andU.K.officialsconcludedit
eaten since her son, from the Boys. sized into a complex ing, overrunning dozens of rityofficial. wouldbetoodangeroustoat-
sameclass,disappeared.“The “Thisisshapinguptobean- multidimensional conflict of smallermilitarybasesandloot- Bysundowntherehadbeen tackbecauseBokoHaramcould
government must negoti- otherhugemomentinthehis- overlappingmilitantgroups. no updates from the federal usethegirlsasshields.
ate,“shesaid.“Givetheterror- tory of Nigeria’s insurgency,” Boko Haram has expanded government,butthegovernor President Muhammadu Bu-
ists whatever they want so I saidJacobZenn,aspecialiston itsswayfromthenortheastto 300 ofKatsina,AminoBelloMasari, harisaidonSaturdaythatthe
canseemysonagain.” BokoHaramattheWashington- the northwest, brokering alli- toldtheBBCthattheestimated boys’ location had been pin-
Six years after the kidnap- based Jamestown Foundation anceswithheavilyarmedcrim- number of missing boys had pointedandthearmywasex-
ping of 276 schoolgirls in the think tank. “After Chibok, inal networks. The breakaway risenfrom333to“between330 changingfirewiththecaptors,
town of Chibok ignited the Shekaunotonlyknowshowto IslamicStateWestAfricaprov- Approximatenumberofboys and400”studentsandthatau- butoneseniorintelligenceoffi-
global #BringBackOurGirls conductmasskidnappingoper- ince,orISWAP,hasbeenreju- BokoHaramkidnappedFriday thorities had pinpointed their cialsaidtheairforcehadcom-
campaign,thecriesofschool- ations,butalsohowtohidethe venated by aid from Islamic location. plained it had never received
children’s parents are again captivesandthengetmass-me- Stateandthereturnofbattle- Nigeria’s Defense Ministry thosecoordinates.
heardacrossAfrica’smost-pop- diaattentionandleverageitto hardened fighters from Libya, hassaidthatasearch-and-res- Boko Haram has recruited
ulousnation.Nigeriansenators, negotiate.” SyriaandIraq. ingweapons.Accordingtothe cue operation was under way childrenfromtheearliestdays
celebritiesandoppositionlead- News of the new mass- Nigeria-born jihadist fac- U.S. Council on Foreign Rela- andsecurityofficialssaidsol- ofitsinsurgency,firsttapping
ershavereactedwithhorrorto schoolkidnappingcomesasNi- tionsnowcontrolhundredsof tions, the period since July diers and intelligence officers themasspiesandcouriersbe-
theannouncementbytheBoko geria’s government continues squaremilesofterritoryacross 2018hasbeendeadlierforNi- were combing the area, aided foreshiftingtowardfront-line
Haram leader Abubakar toinsistthecountry’sinsurgen- fourcountriesaroundtheLake geria’ssecurity-serviceperson- byU.S.surveillanceplanes. mobilization, according to Ni-
Shekau—the man responsible ciesare“technicallydefeated.” Chadbasin,acrossroadsofAf- nelthananyothertimeinthe Buteyesintheskycanonly geria’s military and Human
fortheChibokabduction—that TherealityisthatAfrica’slarg- rica where the U.S., U.K. and decadelongconflict. offer limited help over the RightsWatch.
THEWALLSTREETJOURNAL. Thursday,December17,2020|A9
*****
WORLD NEWS
China’s Moon Probe Germany Cracks Door to Huawei
Returns to Earth
BYWILLIAMBOSTON
ANDSTUWOO
With Rock Samples
BERLIN—TheGermangov-
ernment moved closer to al-
lowing the use of Huawei’s
BYJAMEST.AREDDY transferofcapturedmoonma- technology in 5G mobile net-
terialbeforefiringoffforare- works, giving the Chinese
China’sspaceprogramexe- turntoEarth. companyasmallvictoryona
cutedthefinalstageofanam- The Chang’e 5 probe, European continent increas-
bitious mission to capture China’s third exploration on inglyalignedwiththeTrump
moon fragments and return themoon’ssurface,hadspent administration’s anti-Huawei
themtoEarth,statemediare- 19 hours on the surface and views.
ported, as its space vehicle used robotic equipment to AbillapprovedbyChancel-
touched down in a northern drill about 2 feet deep to re- lor Angela Merkel’s cabinet
China landscape covered in cover around 4.4 pounds of that would allow Huawei’s
snow. rock and material. “These continued presence in Ger-
Theparachutelandingearly sampleswillbestudiedtoun- manystillrequiresparliamen-
Thursday local time amid covercluestothemoon’smul- tary approval. But it already
darkness in Inner Mongolia tibillion-yearhistory,”accord- marksasetbackfortheoutgo- K
OC
camemorethantwoweeksaf- ing to a report by CCTV, the ingU.S.administration,which ST
R
tperrobCehionnatlahnedmedooitnsoCnhaDnegc’e.15. staTtehebrCohadincaasNteart.ional Space hreajseclotbHbuieadwEeiu’srotpeecahnnoalloligeys.to HUTTE
S
Thesuccessfulreturnofalu- Administration’s updates TheU.S.claimsthatHuawei A/
P
nar landing craft to Earth is throughout the mission have gearisakintoaTrojanhorse R/E
theworld’sfirstsinceaSoviet cited success with Chang’e 5’s thatonceinsidecriticalinfra- GE
N
missionin1976. trickymaneuversandpridein structure in the West can be SI
P
China Central Television “retrievingChina’sfirstsamples usedbyChinatospyandsteal FILI
coverageshowedthecraftin- fromanextraterrestrialbody.” sensitiveinformation,posinga GermanyisseekingawaytoallowHuaweitooperateinthecountrybutwithadequatemonitoring.
tactandnestledinthesnowy Reports by Xinhua News securityandeconomicthreatto
groundandbeingapproached Agencysaidthatwhileonthe theU.S.anditsallies.Thecom- U.S. lobbying campaign Huawei might not be able to positiononHuawei.
by helicopters. It took some moon the probe withstood panydeniestheallegations. against Huawei came in the make 5G cellular antennas— Analystsandindustryoffi-
timeafterittoucheddownfor temperatures exceeding 212 The White House argu- U.K., which has banned the whicheachrequireseveralad- cials have predicted that Mr.
ground crews to locate the degrees Fahrenheit and de- ments initially failed to sway purchaseofHuawei’stechnol- vanced computer chips—that Biden would keep many of
roughly3-foot-widecapsulein ployed technology such as Europeangovernments,which ogybeginninginJanuary.Brit- aresuitableforwirelesscarri- PresidentTrump’spoliciesre-
thedarkandstatemediacited dust-androck-penetratingra- alsofacedlobbyingfromwire- ishofficialssaidtheirdecision ers. latedtoChinesetechnologyin
challengesingettingvehicles dar. “Diverse samples at dif- lesscarriersthatsaidHuawei could delay the rollout of 5G TheU.S.isofferingloansto place. During the campaign,
acrosstheflatexpansetore- ferent sites have been gath- often offered the most ad- wirelesstechnologybyseveral foreign nations and wireless Mr. Biden and his advisers
trieveit. ered,” Xinhua said, adding vanced cellular-tower equip- years.TheU.K.isalsorequir- carriers to avoid Huawei and said he was concerned about
China’scomplicatedChang’e thatthematerialwasvacuum- mentatthelowestprice.But ingtelecommunicationscom- buyinsteadfromHuawei’sma- Chinausingtechnologytoad-
5 mission began on Nov. 24. sealedforsafereturntoEarth. sentimentschangedthisyear. panies to switch out Huawei jorcompetitors—Sweden’sEr- vance state control, rather
Thespacevehicleincludedor- A statement from Chinese European politicians, unper- technology from their net- icsson AB, Finland’s Nokia thanempowercitizens.
biter, lander and ascender PresidentXiJinpingcalledthe suadedbyHuawei’sargument worksby2027,amovethatBT Corp.andSouthKorea’sSam- In light of German indus-
withmaneuversthatincluded mission a success and a step thatitisanemployee-owned Group PLC, the British tele- sungElectronicsCo.U.S.offi- try’s dependence on China—
reunitingspacecraft200miles forward for the country’s company free of Beijing’s in- communicationsprovider,has cials are also trying to spur thecountryisGermany’slarg-
from the lunar surface for a aerospaceprogram. fluence, grew more wary of saidwouldcostitabout$670 Americanstartupstodevelop est trade partner and the
theChinesegovernmentafter million. biggestmarketformanyGer-
itscrackdownonHongKong’s Huawei, meanwhile, has man companies—Berlin has
protestersanditsresponseto notchedvictoriesincountries Network-security been reluctant to saddle up
thepandemic. including Hungary and now with Washington. Instead, it
billislatestsetback
The European Union this Germany.Butaccesstothose has sought a middle ground
year recommended that its markets may be moot if the forU.S.efforttorein thatwouldallowHuaweitodo
members restrict equipment Chinesecompanydoesn’tsur- businessinGermanybutwith
SS inChinesecompany.
RE from high-risk 5G suppliers. viveanotherprongoftheU.S. sufficient monitoring to ap-
P
D Theguidelinesdidn’tciteHua- campaign:CommerceDepart- peaseitswaryU.S.ally.
ATE weibyname,butimplement- mentrestrictionsthatprevent Underthebill,networking-
SSOCI ingthemwouldeffectivelyban semiconductor companies equipmentvendorswouldhave
A/A the company from the coun- aroundtheworldfromselling 5G-infrastructure technology to give assurances that their
HU tries.Severalnations,includ- Huawei the supplies it needs usingopen-standardsoftware. gear is safe to use, making
N
XI ing Finland, France, Poland, tomake5Gequipment. The U.S. offensive against themfinanciallyliableforany
AN/ Romania and Sweden, have Huaweihassaidtherestric- Huawei also has created an breach. The legislation also
U
NCH movedtoimplementsuchre- tionscouldaffectitsabilityto openingforJapanesetelecom- wouldrequirevendorsandop-
JU strictions, though Huawei is make smartphones, not 5G equipmentcompanies. eratorstogiveGermansecurity
N
RE challenging the measures in equipment.Analystsandtele- President-electJoeBiden’s agenciesfar-reachingtechnical
TheChang’e5probeisstudiedbyarecoverycrewThursday courtsacrossEurope. comexecutivessaidthatwith- transition team declined andlegalmeanstomonitorthe
afteritparachutedontoasnowyexpanseinnorthernChina. The biggest victory in the out access to such supplies, Wednesdaytocommentonhis network’sintegrity.
WORLDWATCH
S
R
UTE
RE
S/
VI
A
N
D
A
F
REE
H
S
U
N
A
ONTHEMARCH:Women—includingrelativesoffarmerswhoarebelievedtohavekilledthemselves
overdebt—protestedgovernmentmeasurestoderegulateagriculturalmarketsWednesdayinIndia.
BREXIT FRANCE FRANCE
Talks Inch Forward, Paris Fined for Hiring Court Convicts
With Key Obstacle Too Many Women Ex-Vatican Envoy
Negotiatorsmovedcloserto ThecitygovernmentofParis AformerVaticanenvoyto
agreementonthefuturerela- hasbeendealtanunlikelypun- Francewasfoundguiltyofsex- OPTICAL WONDER
tionshipbetweentheU.K.and ishment:afineof€90,000, uallyassaultingfivemen,ina
EuropeanUnion,officialsfrom equivalentto$110,000,forap- newcaseofsuchmisconductby
M.C. ESCHER
bothsidessaid,butremainedfar pointingtoomanywomentose- aseniorCatholicChurchofficial.
apartonamajorissue:access niorpositionsandbreaking ArchbishopLuigiVentura,
byEUboatstoBritishwaters. France’sgender-equalityrules. whoservedaspapalnuncioto
Withjustovertwoweeksto Theoffensedatesbackto FranceuntilDecember2019,re- Awe-inspiringdesign.Monumentalsize.
reachandratifyadealoneco- 2018,whenMayorAnneHidalgo ceivedasuspendedeight-month Artistic icons. Thiscompellingaluminum
nomic,tradeandsecurityissues, appointed11womenandfive prisonsentenceinabsentia sculpture brings to life the work of the
EuropeanCommissionPresident mentoherseniorteamata fromacourtinParison
great M.C. Escher. Crafted by the famed
UrsulavonderLeyensaiditwas timewhengovernmentsaround Wednesdayfortheassaults,
Andreas von Zadora-Gerlof, the work is
impossibletosayifanagree- theworldweretryingtoin- whichoccurredin2018and
mentiscoming.Failuretodoso creasefemalerepresentation. 2019. powered by a motorized mechanism to
wouldmeanfromJan.1tariffs Butwith69%ofthepositions TheHolySeePressOffice fullyexploittheincrediblevisualimpact
wouldbeappliedonsometrade. goingtowomenand31%to didn’trespondtoarequestto ofEscher’soriginaldesign.Fouraluminum
TheU.K.sends43%ofitsex- men,Parisbrokenationalgov- comment.Anattempttoreach spheresarenestledtogetherfromsmallto
portstothebloc. ernmentrulestopromoteequal- thearchbishopthroughtheVati-
large,andtheyspinintandemwhenthe
Butincommentsthatechoed ity,whichrequirethatatleast canwasn’tsuccessful.TheVati-
workissetintomotion.Created2014-15.
peopleinvolvedinthetalks,she 40%ofnewpositionsshouldbe canspokesmanhaspreviously
notedissueswherethetwo allocatedtoeachgender. saidArchbishopVenturaas- 783/4”dia.#30-8670
havenarrowedorresolveddif- Awaiverwasintroducedin sertedhisinnocence.
Viewavideoofthissculptureatmsrau.com/30-8670.
ferencestiedtoacentralEUde- 2019ifthenewhiresdidn’tlead —FrancisX.Rocca
mand:thattheU.K.committo toabroadergenderimbalance.
standardsonstateaidandlabor Thatwouldseemtobethecase
andenvironmentalregulation forParis,wherewomenaccount
onceBritainleavesthebloc.But forjustunderahalfofseniorof- Orderby
Mrs.vonderLeyenwarnedthat ficialsincityhall.Buttheinitial 12/22for
Christmas!
onfisheries,thedivisionswere roundofappointmentspredated
stark.“Wedonotquestionthe thewaiver,meaningtheParis
U.K.’ssovereigntyonitsown governmentwasstillonthehook.
waters,butweaskforpredict- Ms.Hidalgotoldameetingof 622RoyalStreet,NewOrleans,LA • 888-867-9583 • [email protected] • msrau.com
abilityandstabilityforourfish- thecitycouncilonTuesdaythat
ermenandourfisherwomen,” theappointmentshelpedgive Since1912,M.S.Rauhasspecializedintheworld’sfinestart,antiquesandjewelry.
shesaid.“Andinallhonesty,it womenaloudervoiceingovern- Backedbyourunprecedented125%Guarantee,westandbehindeachandeverypiece.
sometimesfeelsthatwewill mentinFranceand,withtongue
notbeabletoresolvethisques- incheek,saidshewasdelighted YourChildren’sNameshand-craftedin
tion.” topaythefine. sterlingsesitlvienrswoliitdhgborilldlia-n$t3S9w0atroov$s4k5i0crystals
—LaurenceNorman —JamesHookway JOHN-CHRISTIAN.COM 888.646.6466
A10|Thursday,December17,2020 THEWALLSTREETJOURNAL.
****
FROM PAGE ONE
Pandemic
especiallynow. stop.Knockitoff.Stoptexting the only assignment will be will continue uninterrupted outages may be many stu-
Someparentsarethreaten- me.Stopleavingnotesonmy playingoutside.Hefondlyre- duringstorms.Moststudents dents’onlyhope.
Melts the ing to cut off the internet so windshield,” superintendent members snow days of his and staff are working from “In general I take a dim
their children can be free to StephenTomlinsonwroteina youth, when he built sleigh homethisquarter.Thosestill view of calling snow days,”
makesnowangels,buildforts message on the district web- trails with jumps that sent reporting to school buildings said Dan Gutekanst, superin-
Snow Day andsiphotchocolate. site Tuesday to students in him flying over his younger mightgetareprieve,butonly tendent of schools in Need-
“Snow days should be sa- Broadalbin-Perth Central sister, who gamely laid down if the weather hits severe ham,Mass.Hetypicallywakes
cred,” said David Valcin, SchoolDistrictinupstateNew as a prop. “Hopefully we’ll lows. According to a notice upat3a.m.todecideby5:30
school board chair in Salis- York. “To those of you who give children memories of a from the school district, “We a.m. whether the roads are
bury,Conn.,whichisexpecting have offered me cash bribes, snow day and not a health will consider closing schools dangerousenoughtowarrant
ContinuedfromPageOne one.“Naturehasthrownusto please know that my going pandemic,”hesaid. atnegative25degrees.” closing. He said students are
Officials dumping on the hellwithCovid.Herewehave ratetocallasnowdayis$20, The Rhode Island Depart- Whether to announce a about to have two weeks off
chance for snow days across a chance for nature to throw minimum.” mentofEducationdesignated snowdayisafraughtissuefor for winter break, so they
thecountrysaystudentsneed ourchildrenasnowball.” “r u serious about $20?” inclementweatherdaysasdis- principals. If they call off should forge ahead with re-
to be in class to make up for The pleading for a snow one student texted him, he tancelearningdays“toensure school,childrenaregiddybut motelearningnow,butifthey
losingsomuchacademictime daybeganassoonastheNa- said. “snow day tomorrow? thatinstructioncontinues,”a parents’livesgetdisrupted.If all seem exhausted and snow
during the pandemic. A pro- tional Weather Service pre- PLEASE????” texted another. spokespersonsaid. forecasts prove wrong, not poundstheareainlateJanu-
snowdaycamphascomeout dicted a major storm in the Mr. Tomlinson, whose dis- In Wisconsin, the Madison muchsnowpilesupandthey aryorFebruary,hemightre-
in force, saying families and mid-AtlanticandNortheast. trictiscurrentlydoingall-re- Metropolitan School District have canceled classes, some lent.
teachersneedthespontaneous “I’m writing this letter to- motelearning,promisedthat toldparentsthatunlessother- parentswillbefurious.Inthe —MelanieGrayceWest
thrillofanunexpecteddayoff, daytobegallofyoutoplease ifweatherjustifiesasnowday, wise noted, remote learning daysofonlinelearning,power contributedtothisarticle.
Diversity
comechiefHRofficerathome
builderLennarCorp.
Goal Eludes In 2017, amid falling sales,
Coke announced it would cut
1,200 corporate staff around
Coca-Cola the globe as part of an $800
millioncost-cuttinginitiative.
Cokerananadverse-impact
analysis to make sure layoffs
didn’tdisproportionatelyaffect
ContinuedfromPageOne anyracialgroupwithoutjustifi-
cludingEstéeLauderCos.and cation and determined the
MicrosoftCorp.,arelaunching moveswerefair,thecompany
effortstodiversifytheirwork- spokeswoman said. Coke also
forces, with special emphasis allowedlayoffstobeappealed,
on improving Black employ- shesaid.
ment. Still, the layoffs, combined
Coke’sdiversitypushstarted with voluntary departures as
asanefforttoaddressdiscrim- high-profile Black executives
inationagainstBlackemployees werehiredawaybyothercom-
andbroadenedovertheyears panies,contributedtoasharp
toencompassgenderandother declineinBlackemploymentat
races and groups. It says it is Coke, the spokeswoman said.
againmakingapriorityofad- The share of Black executives
dressingtheinequitiesfacedby fellbynearlyhalfto7%in2017
African-Americansatthecom- from13%in2016.
pany.The20-yeareffortoffers The layoffs undid years of
lessons for businesses strug- Coca-ColaisrevampinginitiativestoimprovehiringandpromotionofBlackexecutivesandemployees.Below,LoriGeorgeBillingsley, work building a pipeline of
gling today with many of the thecompany’schiefdiversityofficer.Above,adeliverytruckatadistributionwarehouseinJasper,Ind.,in2015. Blacktalent,saidCarolynJack-
samechallenges,includingthe son, a former head of HR for
difficulty of instituting long- you,yourcontributionoryour was admirable, hurt the com- Coke’sNorthAmericaunitwho
lastingchange. opportunitytoadvance.We’re AL pany’sprogressonminorities. retiredin2016.
AtCoke,asenseofcompla- justheretovalidateeveryone, N “It should not be ‘either/or,’” The cover of the Atlanta
R
U
cency set in, especially after andnoteveryonehasbeenvali- O hesaid.“Itmustbe‘and.’” Tribune,amagazineforBlack
J
tohnegceonmdeprandyiveshrsifittye.dAtochfaoncuges datHeedeamtwphoarski.z’e”dtomanagers STREET maTinhteaincobmotphanpyriowraitsieusnaatbolencteo, bCuoskienienss201le6awdeitrhs,apcheoletboroafte1d7
in the way the company re- thattheworkarounddiversity ALL someformerexecutivessaid. ofthecompany’sBlackwomen
ported its diversity numbers shouldimprovemeritocracyat W Over time, Coke changed executives, and in early 2017
masked the backsliding on Coke,notdiluteit.Mr.Buche- THE some of the policies that had withasimilarphotoofitsBlack
R
Blackemployees,anda2017re- rati, who became chief diver- O beenimplementedbythetask maleexecutives.Lessthanhalf
F
structuring contributed to a sity officer in 2004 and held ON force,whichendedin2006.For ofthoseexecutivesarestillat
O
sharp drop in the pipeline of theroleuntil2015,saidhetold SP example,thecompanystopped thecompany.
R
Blacktalent.Retentionwasalso hiringmanagers:“Thebestper- HE tyingexecutivepaytoincreas-
weak. The company’s two-de- son gets the job every time. WEAT ingdiversityinsalariedjobs. A new pledge
cade effort was described by Fullstop.” Y Mr. Kent said the company
currentandformerexecutives The company began apply- NSE duringhistenurewasfocused In recent years, Coke has
andemployees,aswellastask ing data analysis to employ- LY onbuildingandretainingadi- added training for company
S;
force members, lawyers and mentdecisions,includingcom- W verse, global workforce. He leadersonrecognizingbias;a
NE
othersinvolved. pensation,reviews,promotions G notedseveralhigh-profileBlack new HR position focusing on
R
Coke is now planning to andlayoffs.Statisticsraisedred BE and Hispanic leaders he ap- diversity in executive recruit-
M
startnewinitiativesinJanuary, flags—forexample,disparities O pointed, including Kathy Wal- ment; and an effort to recruit
O
aimed at improving its hiring inbonusorpromotionrecom- BL ler,whobecamethefirstAfri- talent not just for current job
andpromotionofBlackexecu- mendations.Mr.Bucheratisaid RETT/ can-Americanwomantoserve openings but for their future
tivesandemployees. heandhisteamreviewedrec- AR as chief financial officer of a careerpathsatthecompany.
H
Despite the decline, Coke ommendations, unit by unit, S Fortune100company.Shehas Nextmonth,Cokeislaunch-
still outpaces most corporate andquestionedmanagers. UKE sinceretired. ing a 10-year internal and ex-
L
peers.AmongU.S.companies, The task force’s work was P: “Racialandgenderdiversity ternal talent-recruiting pro-
O
Black employees in 2018 held settoendin2005.Bythen,a MT is critical to success in busi- gram for people of color with
3.3% of executive and senior newCEO,companyveteranE. RO ness,” Mr. Kent wrote in re- an emphasis on Black execu-
F
manager roles, according to NevilleIsdell,hadcomeoutof sponse to questions from The tives. It will begin a training
data from the Equal Employ- retirementtoleadCoke.Mr.Is- Mr.Kenthassaidhecreated which it defined as anyone WallStreetJournal.“Thereis anddevelopmentprogram,also
mentOpportunityCommission. dellaskedthecourttoextend the program because he real- other than those who were nodoubtthatIhadmorework withanemphasisonBlackex-
In the food, beverage and to- theoversightbyayear. izedwomenmadeabout70%of whiteandnon-Hispanic.Those to do; for example, in some ecutives, taking lessons from
bacco manufacturing indus- “We had complied but not the purchasing decisions for numbers showed racial diver- cases our top diverse talent thesuccessofitswomen’slead-
tries,thatsharewas4.9%. committed,” Mr. Isdell said in Coke’sproductsbutin2008oc- sityatCokeimproving. wasultimatelyrecruitedaway, ership council. The company
AtrivalPepsiCoInc.,6.3%of aninterview.Someatthecom- cupied just 23% of the com- Coke said it made the and of course some also re- has also pledged to disclose
U.S. executives are Black, ac- panyviewedthetaskforceasa pany’sexecutiveroles. changebecausethegenderdata tired.Thisisanongoingjour- dataeachyearshowingitsre-
cording to data the company burden,littlemorethanabox- Thefocusofthecompany’s wasglobalwhiletheracialdata neyforall.” cord on paying employees
disclosedinOctober.Thecom- ticking exercise, he said. “To diversityworkshiftedtogender, was specific to the U.S. The fairly.
panysaidinJunethatitaims me,wehadtoputthecompany severalformerexecutivessaid. company now believes that Coke plans to set goals for
‘Leaky bucket’
to increase Black representa- inapositionwherethiswould Managersprioritizedwomenfor grouping multiple races and Blackrepresentationinexecu-
tioninmanagerialrolesby30% neverhappentotheCoca-Cola hiresandpromotions. RobertLong,aCokeveteran tive roles based on the avail-
by2025,includingtheaddition Companyagain,”hesaid. Mr.Kentcreatedawomen’s whoin2016wasthenewhead abilityofcandidatesinsidethe
ofatleast100Blackexecutives. Under the task force, Coke leadership council that began ‘Therewasn’tasense ofglobalresearchanddevelop- companyandthegenerallabor
beganrequiringthatcandidate developingapipelineofwomen ment,metagroupofnewhires pool,aswellasoncensusdata
of,“Icanseemyself
slatesforopenjobsincludeat torisethroughCoke’sranks.It that year at corporate head- to mirror the markets where
Landmark case
least one woman or minority. paired female executives with hereforthelong quarters. “Around the table the company has large foot-
In 1998, Linda Ingram, an Executive pay was tied to in- mentors, tracked women who therewasnotoneBlackface,” prints,saidMs.GeorgeBillings-
haul.”’
analystatCoke’sAtlantahead- creasing diversity among the were “ready now” for promo- he recalled. “The leadership ley. Black people account for
quarters,contactedcivil-rights salaried workforce. Coke tionandaggressivelyrecruited that were doing the hiring 51% of the total population in
lawyer Cyrus Mehri. She told steppedupexternalrecruiting senior-level women from out- didn’thavetheclearguidance Atlanta, where Coke was
himasupervisorhadcalledher andstartedanexecutivemen- sidethecompany.Theinitiative tomakethatapriority.” founded 134 years ago and
aracialslurinfrontofhercol- toring program that empha- wouldbecomeoneofthesigna- ethnicitiesintoonecohort“was Afterhevoicedhisconcerns, whereabouthalfofits10,000
leagues,and,together,theydis- sizedretainingandpromoting tureprojectsofMr.Kent’sten- ineffectiveandinaccurate,”be- subsequentmeetingswithnew U.S.employeesarebased.
coveredshewasalsopaidless Blackemployees.Everypromo- ure. He served as CEO from cause it masked a backsliding hires were more racially di- Meanwhile, Asian and His-
than her white peers. She tion, pay increase and layoff 2008to2017andaschairman inBlackrepresentation,accord- verse, he said. Mr. Long, now panic representation has con-
helpedMr.Mehriconnectwith wasanalyzedforfairness. from2009to2019. ing to Lori George Billingsley, Coke’schiefinnovationofficer tinued to grow, with those
dozensofotherBlackemploy- In annual surveys, employ- After 2011, Coke disclosed Coke’s current chief diversity andoneoftwoBlackexecutives groupsmakingup9%and11%
eesatCokewhodescribedsim- ees’perceptionsoffairnessat detaileddataonitsgender-di- officer. reporting directly to the CEO, of executives, respectively, up
ilarproblems. Cokeincreasedyearbyyear.By versity progress but stopped JonathanMildenhall,aBlack planstoretireinFebruary. from5%and6%in2010.Coke
In April 1999, Ms. Ingram 2007,CokerankedNo.4onthe disclosing diversity data by marketing executive who Thecompanyhadmeanwhile hasincreaseditsrepresentation
andthreeotherplaintiffsfiled magazineDiversityInc.’slistof race.Instead,itsannualreports worked at Coke from 2007 to become “a leaky bucket” for ofwomento35%intop-paying
a lawsuit alleging that Coke top50companiesfordiversity. providedatotalpercentageof 2014,saidtheshiftinfocusto Black talent, said Andrew Da- jobs, though it hasn’t reached
had systematically discrimi- Thekeytobuildingsupport “multicultural” employees, genderdiversity,whichhesaid vis,aBlackexecutivewhobe- its2020goalofgenderparity.
natedagainstBlackemployees insideCokewasframingthedi- cameCoke’schiefdiversityand Ms.Jackson,theformerHR
insalaries,performanceevalua- versityinitiativesasabusiness FallingBackonDiversityatCoke inclusionofficerin2016.Some executive,andotherformerex-
tions,promotionsandtermina- imperative, said Don Knauss, Blackprofessionalsleftbecause ecutives said they worry that
Afterthesettlementofahistoricrace-discriminationlawsuitin
tions.Cokedisputedtheallega- who ran the North America theyfelttheyweren’tadvanc- toofew“champions”remainat
2000,CokelaunchedaprogramtoaddBlackleadersand
tions, but when a new chief businessunderMr.Isdell. ingfastenoughorthattheirin- the company—senior leaders
employees.Buttheresultshaveweakenedinrecentyears.
executive, Douglas Daft, took The company was engaged fluencewaslimited,formerex- wholivedthroughthelawsuit
overinearly2000,hecommit- ina“battleroyal,”hesaid,with Blackexecutivesasa Blackemployeesasa ecutivessaid. andwerecommittedtohelping
tedtosettlingthesuit. PepsiCoandthecompanythen percentageofU.S.-based percentageofU.S.salaried Alotoftheattritionwasbe- fixtheproblem.
Coke agreed to pay $192.5 calledCadburySchweppes,and executives staff causeofthecompany’sculture, “It’sahistoricallystubborn
million.Partofthemoneywent was losing market share to Mr. Davis said. Coke had at- issue,” said Bradley Gayton, a
25% 25%
tomorethan2,000currentand them in some categories. Mr. tracted a more diverse work- Black executive who joined
former Black employees and Knauss said he and others forcebutneededtofocusmore Coke in September as general
into bonus, pay-equity and spreadthemessagethathaving on building a culture where counsel.“Whatthat’sgoingto
20 20
training funds. The company Coke’sleaderslooklikeitscon- peoplefeltliketheybelonged, require is that all of us put a
saiditwouldmakesignificant sumerswas“anecessarything hesaid. shouldertothewheelhere.”
changes to its HR processes todotowin,andyouallwant 15 15 Senior managers who ar- After Mr. Floyd was killed,
and submit to oversight from towin,don’tyou?” rived from outside didn’t al- Coke’s current CEO, James
anexternalcommittee. In 2007, Muhtar Kent, the waysgetcoachingandsupport Quincey,whotookthehelmin
Cokecreatedthedirectorof company’snewlynamedpresi- 10 10 tolearnCoke’scultureandde- 2017, held a video town hall
workplace fairness role and dentandheirapparenttoMr. velop internal networks, ac- with employees. He described
tapped Mr. Bucherati, a white Isdell,launchedaninitiativeto cordingtoapersoninvolvedin the company’s current repre-
5 5
executive who ran HR for the acceleratethecompany’sglobal theefforts. sentationofAfrican-American
company’sglobalmarketingop- recruitmentandadvancement “Weweredoingagoodjob leadersas“poor.”
eration. ofwomen.Itwouldeventually 0 0 bringing people in, but there “America hasn’t made
“In the days after the law- aim to increase the share of wasn’t a sense of, ‘I can see enough progress, corporate
2000 ’05 ’10 ’15 ’20 2000 ’05 ’10 ’15 ’20
suit,whitemaleswerewalking women in Coke’s leadership myselfhereforthelonghaul,’” America hasn’t made enough
oneggshells,”hesaid.“Isaid, ranks, and all other levels of Note:2011reflectsCoca-ColaEnterprisesacquisition. Mr.Davissaid. progressandnorhastheCoca-
‘We’re not here to invalidate thecompany,to50%by2020. Sources:Courtrecords;thecompany He leftCokein2018tobe- ColaCompany,”hesaid.