The Wall Street Journal - 10 10 2020

2020·28.91 MB·English

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Are You Ready for
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SATURDAY/SUNDAY, OCTOBER 10 - 11, 2020 ~ VOL. CCLXXVI NO. 86 HHHH $5.00
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Boosted
Hurricane Delta Lashes Storm-Scarred Louisiana Coast
What’s
Offer
News
Kindles
World-Wide
Hope for
TheWhiteHousesub-
stantiallyincreasedits Stimulus
offertoDemocratsona
coronavirus-reliefpack-
age,furtherclosingthe
gapbetweenthepartiesin
theon-again,off-againef- WhiteHousenarrows
forttopassnewaidfor
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householdsandbusinesses
beforetheelection.A1 butadealbefore
(cid:2)Painfulsociallockdowns electionfaceshurdles
inEuropeandsomeAmeri-
canstateshelpedbluntthe
The White House substan-
coronavirus.Now,amidafit-
tially increased its offer to
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isonceagainsurging.A1 PRESS Dreelmiefocpraactksagoen,faurctohreorncalvoisriunsg-
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SECONDBLOW:DanielleFontenotranwithherson,Hunter,toarelative’shouseinLakeCharlesonFridayasDeltabuf- andAndrewDuehren
publicansthattheresults
fetedsouthwestLouisiana,whichisstillrecoveringfromtheravagesofCategory4HurricaneLaurasixweeksago.A3
ofaninquiryintotheori-
Treasury Secretary Steven
ginsoftheFBI’s2016Russia
Mnuchin presented to House
probewon’tbemadepub-
SpeakerNancyPelosi(D.,Calif.)
licbeforetheelection.A6 Stocks Cap Best Week Since July
a proposal of more than $1.8
(cid:2)Twitterwillmakeit trilliononFriday,inthelargest
harderforpoststogoviral bid the Trump administration
aheadoftheelection,in- has made to Democrats over
cludingbyputtinglimitson monthsoftalks.
howuserscanretweet.A6 Investorsexpect tal being treated for the new 0.6%, to 28586.90, climbing surrounding the contest ap- The new offer marked the
coronavirus and former Vice backintopositiveterritoryfor peared to recede this week, latestunexpectedturninavola-
(cid:2)TheTrumpadministra- volatilitytorecedein
President Joe Biden widening theyear. andtradersbeganunwinding tileweekofnegotiations.Inthe
tionispressingRussiato
theweeksleadingup his lead in national polls fin- TheNasdaqCompositerose someoftheircautiousbets. span of three days, President
concludeanagreement
ishedasthebeststretchforthe 158.96 points, or 1.4%, to “Pollinghasfurtherconsoli- Trump went from shutting
freezingthenumberof toNov.3election
indexsincetheweekofJuly2. 11579.94.Thetech-heavyindex dated around a Biden advan- downthediscussionstoreviv-
nuclearwarheadsbefore
The benchmark climbed climbed4.6%fortheweekand tage in the presidential elec- ing them with his administra-
theU.S.election.A3 BYDAVIDBENOIT 30.31 points, or 0.9%, to isup29%thisyear. tion...and options markets tion’s biggest offer to date.
(cid:2)TheNobelPeacePrize ANDJOEWALLACE 3477.14 on Friday, extending Withjustoverthreeweeks havesignificantlyreducedthe Democrats last week passed a
wasawardedtotheU.N. itsgainsfortheweekto3.8%. before the U.S. election, the premium they assign to that $2.2 trillion aid package, a
WorldFoodProgram.A9 The S&P 500 rose Friday, Following a volatile Septem- raceisdominatingtraders’at- date,” JPMorgan Chase & Co. scaled-backversionoftheirear-
Business&Finance closingoutitsbiggestweekly ber,Octoberhasstartedwitha tention.Formonths,theyhave strategistswroteinanoteto lier$3.5trillionlegislation.
advanceinthreemonthsasin- persistentmarchhigher,with beenwageringonextremevol- clientsonThursday. Anydealwouldfacehurdles
vestorswelcomedsignspoint- theindexupfortwoconsecu- atility around the election Strategistssaysurveysand topassagebeforeElectionDay.
ingtoadecisiveresultinnext tive weeks and in six of the throughthederivatives,stocks talks with investors have re- TheSenateisfocusingoncon-
(cid:2)TheS&P500roseFriday, month’sU.S.presidentialelec- pasteighttradingdays.Ithas and currency markets, wary centlyfoundaflip-floponsen- firming Supreme Court nomi-
closingoutitsbiggestweekly tion. risen7.6%thisyear. thattheoutcomecouldremain timentintheeventofaBiden neeAmyConeyBarrettinthe
advanceinthreemonthsas A week that started with The Dow Jones Industrial undecidedforweeks. win:Investorspreviouslysaid remaining weeks. Even if the
investorswelcomedsigns PresidentTrumpinthehospi- Averagerose161.39points,or Some of the uncertainty PleaseturntopageA6 PleaseturntopageA2
pointingtoadecisivere-
sultinnextmonth’sU.S. Covid Response Prompts
presidentialelection.The New Virus Cases Surge
benchmarkended3.8%
higherfortheweek.A1
Crisis in Mental-Heath Care Across U.S., Europe
(cid:2)BostonRedSoxowner
JohnHenryisintalksto
joinwithaninvestmentve-
hicleforan$8billiondeal BYTEDMANN number of weekly cases re-
thatwouldtakehisfamed
corded in the country. During
sportsholdingspublic.B1
Pandemicispriorityashospitalscutpsychiatric,drug-rehabbeds Painful social lockdowns in the lockdown period in the
(cid:2)AjudgesaidAppledoesn’t Europe and some American spring, France averaged 7,500
havetoreturn“Fortnite”to stateshelpedbluntthecorona- casesaday.
itsAppStorebutmaintained BYSHALINIRAMACHANDRAN bedsinhospitalsaresimilarlyshut,the virus. Now, amid a fitful re- BritishHealthMinisterMatt
thatthetechgiantcan’tblock state’sOfficeofAddictionServicesandSup- opening,thepandemicisonce HancockwarnedthattheU.K.
Epic,thegame’screator,from HospitalsacrossNewYorkstatehavere- portssays.Theoverallnumberofsuchbeds againsurging. wasata“perilousmoment”af-
accessingitscriticalsoft- purposedorclosedhundredsofpsychiatric, hadrisenslightlyoverthepastfiveyears. Data compiled by Johns termorethan17,540newcoro-
waredevelopmenttools.B1 detoxanddrug-rehabilitationbedsoverthe Hospitalshavealsoclosedbehavioral- Hopkins University shows a naviruscaseswererecordedon
pastsixmonthstomakeroomforCovid-19 healthbedsinotherstatesincludingIllinois, jump in new cases in France, Thursday,anincreaseofmore
(cid:2)TheLondonStockEx-
patients,leadingtoacascadingcrisisin MassachusettsandTexas,alongwithWash- SpainandtheU.K.,wherethe than3,000fromthedaybefore.
changeagreedtosellBorsa
mental-healthcare. ington,D.C.Theclosuresarepronouncedin virus is moving into younger Overthepastweek,newlyre-
Italianatoagroupledby
Treatmenthasbecomehardertofindjust NewYork,astatehithardbythevirus. populations and straining ported cases across the U.K.
Euronext,adivestment
asthecoronaviruspandemichasdriven NewYorkhealth-careworkersdescribed healthsystemsattheonsetof jumped more than 20% com-
meanttosmoothapprovalof
higherdemandforservices,accordingtoin- patientsbeingdischargedearlytofreeup winter. The data also shows paredwithaweekearlier.
itsacquisitionoffinancial-
terviewswithbehavioral-healthworkers,pa- spaceeventhoughmanystillexhibited psy- new cases rising10% or more Meanwhile, a showdown
datacompanyRefinitiv.B13
tientsandpatients’families. chosisandmania.Somehospitalsthatkept week over week in at least brewedinSpainbetweenlocal
(cid:2)Microsoftisgoingtoper- About400psychiatricbedsremainclosed unitsopenwereoverwhelmed,theysaid. eightU.S.states. PleaseturntopageA8
mitsomestafftoworkfrom forcare—moresuchclosuresthaninthe ImaniFecu,24yearsold,whostruggled NewcasesinFrancetopped
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EXCHANGE What the Doorbell Saw: Hall of Famer Ford Dies at 91
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A2|Saturday/Sunday,October10-11,2020 THEWALLSTREETJOURNAL.
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U.S. NEWS
THE NUMBERS | ByJoCravenMcGinty
Covid Cases, Not Deaths, Weigh on Young
Itisn’t andaround169,400died.In basedonhistoricaldataver- Inananalysisof55countries, casesurveillancebytwo prising.Thecoronavirus
clearwhether comparison,1.6millionolder sushowmanypeoplehave youngerpeopleaccountedfor weeksonaverage,according killstheelderlymorefre-
President peoplehadbeeninfected actuallydied. moreconfirmedcasesof totheCDC,andarelowerin quentlythanitdoesyounger
Trump,who andaround331,000died. IntheU.S.,therewere10 Covid-19,butolderpeople comparison. people—butsodoespretty
is74years Thatdoesn’tmeanyoun- deathsforevery10,000peo- accountedformoredeaths. Expertscautionthatthe mucheverythingelse.
old,wasin- gerpeoplehavegottena pleages25to44onaverage coronavirusmightnothave A
fectedwiththecoronavirus freepass. inthefirst32weeksofthe Percentage Percentage causedallofthisyear’sad- ccordingtodatafrom
bya31-year-oldpoliticalad- Whiletherawnumberof yearfrom2015through ofcases ofdeaths ditionaldeaths. theCDC,Americans
viser—butifhewas,the deathscausedbyCovid-19is 2019,Dr.Laisaid,aperiod “It’sagoodhypothesis whoare85orolder
transmissionroutefrom lowforages25to44,mor- selectedtomatchthenum- 10% 5 0 Age 0 5 10% thatit’sfromCovid,butyou accountfor30%ofall
youngtooldwouldfollow talityhasincreasedby berofweeksthisyearaf- Under5 havetotakeintoaccountif deathsand31%ofCovid-19
aninternationaltrend. around25%thisyearcom- fectedbyCovid-19atthe 5-9 thereisanincreaseofother losses.Thosewhoare75to
Youngpeopleaccountfor paredwiththepreviousfive timeofheranalysis. thingsyoungpeopledieof, 84yearsoldmakeup24%of
10-14
themajorityofknown years,accordingtodatapro- Undernormalcircum- likeoverdosesandacci- alldeathsand26%of
15-19
Covid-19infections,butthe videdbytheU.S.Centersfor stances,shewouldantici- dents,”saidAmiraRoess,a Covid-19fatalities.And
elderlyaccountformostof pateaboutthesamemortal- 20-24 professorofglobalhealth thosewhoare65to74years
thedeaths. ityratethisyear. 25-29 andepidemiologyatGeorge oldrepresent20%ofall
“It’sasocialmoraldi- Whatconcerns “Butwhathashappened,” 30-34 MasonUniversity. deathsand21%ofcoronavi-
lemma,”saidMunSimLai,a shesaid,“istherewere 35-39 Forpeople65andolder, ruslosses.
expertsistherole
population-affairsofficer about12deathsforevery 40-44 Dr.Laifound281deathsper “Thepercentagesarere-
withtheUnitedNationswho resilientyounger 10,000peopleages25to44 10,000peopleduringthe markablyclosetohowmor-
45-49
hasexaminedthetrend. yearsold.Theabsoluterisk first32weeksof2020inthe talityaffectsthetotalpopu-
peoplehaveplayed. 50-54
“Youngpeoplegetthevirus fordyingforthatgroupis U.S.,orabout40more lationofeachgroup,”Dr.
anddon’tdie,buttheyare abouttwodeathsper10,000 55-59 deathsper10,000people Andersonsaid.
theonesspreadingittoold peoplemorethanwewould 60-64 thanexpected. Butmostleadingcauses
people.Thisistrueoverthe expect.” 65-69 Theleadingcauseof ofdeatharen’tcontagious,
world.” DiseaseControlandPreven- I 70-74 deathforthisagegroupis andwhatconcernsexperts
Dr.Laianalyzeddatafrom tion. ntheU.S.,theleading heartdisease,withmore istheroleresilientyounger
75-79
55countries,includingthe “Eventhoughit’sarela- causeofdeathforages thanhalfamillionlosing peoplehaveplayedintrans-
80-84
U.S.,andfoundthatthrough tivelysmallnumberof 25to44isunintentional theirlivestothatcondition mittingadeadlycoronavirus
85-89
Sept.1,peoplewhowere65 deaths,it’sabigimpact,” injury,includingdrugover- in2018,followedbycancer, toavulnerableelderlypopu-
andolderrepresentedjust saidRobertAnderson,chief doses,witharound47,000 90-94 withmorethan431,000 lation.
12%ofconfirmedcoronavi- ofthemortality-statistics fatalitiesin2018,themost 95-99 deaths.Sofarthisyear,at “Thefactistheseyounger
ruscasesbut66%ofdeaths. branchattheNationalCen- recentyeartheinformation 100+ least143,790olderpeople folksdon’tliveinabubble,”
Thosewhowere44and terforHealthStatistics,a isavailablefromtheCDC. havediedfromCovid-19,ac- Dr.Andersonsaid.“They’re
youngeraccountedfor60% divisionoftheCDC.“It’san Thefifth-leadingcauseof Source:MunSimLai,UnitedNations cordingtotheCDC’sprovi- interactingwitholderfolks.
ofknowncasesbutonly7% additionalfourthofwhat’s deathforthisgroupishomi- sionalcounts,whichwould Evenifthey’renotatriskof
ofdeaths. normal.” cide(behindsuicide,cancer Covid-19,accordingtothe makeitthethird-leading dying,they’reatriskofin-
InthecountriesDr.Lai Anotherwaytothink andheartdisease)with CDC’sprovisionalcounts. causeofdeath. fectingsomeoneelsewhois
examined,11.7millionpeople abouttheimpactistocon- 5,843deathsin2018.Sofar Theprovisionalnumbers, Insomeways,thediffer- atriskofdying.”
youngerthanage65had siderhowmanypeoplewere thisyear,aroundthesame whicharebasedondeath- enceinmortalitybetween Andthatmightbehardto
beeninfectedwithCovid-19 expectedtodiethisyear numberhavediedfrom certificatedata,lagbehind theyoungandoldisn’tsur- livewith.
U.S.WATCH
OHIO MAINE
County Sends Wrong Recreational Use of
Ballots to 50,000 Marijuana Allowed
Asortingmix-upbyascanner Mainersgottheirfirstoppor-
resultedinnearly50,000voters tunitytolegallybuymarijuana
gettingincorrectmailballotsin forrecreationaluse,butasupply
oneOhiocounty,andlocalelec- shortagewasapotentialbuzzkill.
tionofficialssaidreplacementbal- Retailersblamethepandemic
lotswillbesenttothoseaffected. andalimitednumberoflicensed
TheaffectedvotersinFrank- manufacturersforreducingthe
linCountyreceivedballots varietyofproductsavailableon
meantforresidentselsewherein Friday.Licenseswereissuedonly
thecountyandsocontainedin- amonthago,causingretailersto
correctinformationforlocal SS scrambletostocktheirshelves.
races,saidAaronSellers,spokes-RE Thatdidn’tdetershoppers.
P
manforthecountyBoardof D “Thisisabigday,”BenBol-
EleTcthioencso,uonntyFriisdahyo.metoCo- SSOCIATE smtraikdigneg,hoifsLpeuwrcishtaosne,ss.a“iIdt’safttheer
lsuwminbguss,ttahteecthaaptitaPlreosfidOehniot,a AGLE/A fyiorsutctaimneacintuMallayinbeuyhisretocrreyatthioantal
E
Trumpwonin2016.Thestate RE marijuana.That’sawesome.I
allowsanyvotertovotebymail HI wantedtobeheretoday.”
S
K
byrequestingaballot. R Maine’sroadtobecomingthe
BE
Theerrorstemmedfroma HE 10thstateallowingtheretail
machineusedtoplaceabsentee R/T saleofmarijuanaforrecreational
ballotsinenvelopes,Mr.Sellers VE usewasexceptionallyarduous.
R
said. GA Areferendumwasapproved
N
OhioSecretaryofStateFrank BE nearlyfouryearsago,inNovem-
LaRosesaidtheBoardofElections FRIEDDAY:DavidJurczakmadeappleciderdoughnutsatLakeviewOrchardinLanesborough,Mass.,onFriday. ber2016,buttheefforttoset
“madeaseriousmistake”butis upamethodforlegallypurchas-
workinghardtocorrectit.“The PHILADELPHIA FormerOfficerEricRuchJr. otherofficerswhowereonthe shooting,turnedhimselfinFri- ingcannabisdraggedonthrough
bottomlineisthis:Ohioanscanbe shotandkilledDennisPlowden sceneandhadtakencoverdidn’t daytofacechargesoffirst-de- twolegislativerewrites,twove-
Ex-Officer Charged
assured—wewillhaveasafe,se- Jr.,25,onlysecondsafterMr. firetheirweapons,accordingto greemurder,third-degreemur- toesbythegovernoranda
cure,andaccurateelection,”said In Fatal Shooting Plowdencrashedhiscarat77 agrandjurypresentment. der,voluntarymanslaughterand changeinadministrations,said
Mr.LaRose,aRepublican. mph,stumbledoutofitandfell ThegrandjurysaidMr.Ruch possessionofaninstrumentof ErikGundersen,directorofthe
Thecountysaiditexpectsto AwhiteformerPhiladelphia totheground,authoritiessaid. shotMr.Plowdeninthehead crime.Prosecutorsexpectedhim MaineOfficeofMarijuanaPolicy.
sendoutreplacementballots policeofficerwaschargedFriday Mr.Plowden,dazedandun- withoutjustificationasMr. tobeheldwithoutbail. Thecoronaviruspandemiccre-
within72hours.Voterswho withfirst-degreemurderinthe armed,washoldinghisempty Plowdenlooked“dazedandlost Thepoliceunionsaiditslaw- atedfurtherdelaysasthestate
don’twanttowaitforareplace- fatalshootingofaBlackman lefthandinfrontofhisface onthesidewalk.” yerswoulddefendtheformer determinedhowtosafelyopen
mentballotcanvotein-person. afterahigh-speedcarchase whenMr.Ruchfiredthefatal Mr.Ruch,whowasfired officer. stores,hesaid.
—AlexaCorse nearlythreeyearsago. shot,prosecutorssaid.Four about10monthsafterthe —AssociatedPress —AssociatedPress
Offer Spurs
that “attempted to address ajointstatement. partisan compromise for ityLeaderMitchMcConnell(R., cans,”shesaidonTwitter.
some of the concerns Demo- White House spokeswoman months. Chief among them is Ky.)saiditwasunclearwhether Mrs. Pelosi said on MSNBC
Hopes on crats have,” according to a AlyssaFarahtoldreportersthe federal aid to state and local Congresscouldpassacoronavi- on Friday that she planned to
spokesmanforMrs.Pelosi.The WhiteHouseofferwasaround governments,whichhaveseen rus-aidpackagebeforetheelec- review the administration’s
spokesman said negotiations $1.8 trillion. A person familiar their budgets hammered. The tion, casting further doubt on overall spending plan and the
Stimulus arestillseekinganagreement with the proposal said it in- latestofferfromtheTrumpad- theprospectsofanagreement specific policy proposals. In a
onlanguageonaCovid-19pub- cluded$1.88trillioninspending, ministrationincludes$300bil- in the coming weeks. Republi- lettertoHouseDemocrats,Mrs.
lic-health plan, as well as the withabout$400billionofthe lionforstateandlocalgovern- cans are pushing to confirm Pelosisaidthebillneededtoin-
overallfundinglevel. fundsreallocatedfromunspent ments,accordingtotheperson Judge Barrett to the Supreme cludefundingfortesting,con-
The new offer rekindled moneyfromearlierrelieflegis- familiar with the offer, an in- CourtbeforeElectionDay,and tacttracing,isolationprotocols,
ContinuedfromPageOne hopefromlawmakerswhohave lation,bringingthetotalcostto crease from the $250 billion passingamajorpieceoflegisla- aswellasvaccinedevelopment
TrumpadministrationandMrs. been pressing to pass addi- about$1.5trillion. that they had proposed last tionwithoutunanimoussupport anddistribution.
Pelosi come to terms, many tionalrelief. “Covid Relief Negotiations week. couldeatuptimeontheSenate The two parties broadly
SenateRepublicansopposean- “Now that the negotiators aremovingalong.GoBig!”Mr. Inthebillpassedlastweek, floor. agreethatthenextbillshould
othermajorroundofaid,mak- arebackatthetable,let’sgeta TrumpsaidinatweetFriday, Democrats included $436 bil- “Even if an agreement is include aid for unemployed
ingpassinganewdealquickly bipartisandealacrossthefinish makingclearhebackedamore lionforstateandlocalgovern- reached,anditmaybe,thepro- workers, small businesses,
difficult. line,”Reps.TomReed(R.,N.Y.) generousoffer,anabruptshift ments, a drop from the more cess around it, literally the schools and public-health ef-
Mrs.PelosiandMr.Mnuchin andJoshGottheimer(D.,N.J.), oftonefromearlierthisweek. than $900 billion they had writingandallthat,doestakea forts, among other measures.
spokeforabout30minutesFri- co-chairmen of the bipartisan Substantialdifferenceshave soughtearlierthisyear. while.Thefirstitemofpriority Congresspassedandthepresi-
dayafternoonaboutaGOPplan ProblemSolversCaucus,saidin plagued efforts to reach a bi- EarlierFriday,SenateMajor- fortheSenateistheSupreme dentsignedintolawroughly$3
Court,” Mr. McConnell said at trillion in aid in the spring, a
CORRECTIONS (cid:2) AMPLIFICATIONS aneventinKentucky. historiceffortthateconomists
THEWALLSTREETJOURNAL OnThursday,Mr.McConnell havecreditedwithforestalling
(USPS664-880)(EasternEditionISSN0099-9660) hadsaid“asignificantpercent- some of the worst economic
(CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
age” of Senate Republicans consequencesofthepandemic.
Editorialandpublicationheadquarters:1211AvenueoftheAmericas,NewYork,N.Y.10036 AlawyerforKalebFranks, cent Maya Playa water park weren’tconvincedoftheneed Democratic presidential
PublisheddailyexceptSundaysandgenerallegalholidays. one of six men charged with didn’tofferfreeentry.AnAug. formorefederalaidandhave nominee Joe Biden said Mr.
PeriodicalspostagepaidatNewYork,N.Y.,andothermailingoffices.
plottingtokidnapMichiganGov. 31BusinessNewsarticleabout expressedconcernsaboutdefi- Trumphadshownswingsinhis
Postmaster:SendaddresschangestoTheWallStreetJournal,
Gretchen Whitmer, didn’t re- China’s theme-park sector in- citspending.Thebudgetgapin approachtothestimulustalks
200BurnettRd.,Chicopee,MA01020.
spondtoarequestforcomment; correctly said entry to Maya fiscal 2020 more than tripled after ending them this week.
AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicableratecard,
copiesofwhichareavailablefromtheAdvertisingServicesDepartment,DowJones&Co.Inc., BarryCroft’slawyerwasn’tyet Playawasfree. to $3.1 trillion from $984 bil- “And now today he says, ‘I’m
1211AvenueoftheAmericas,NewYork,N.Y.10036.TheJournalreservestherightnotto known.AU.S.NewsarticleFri- lionayearearlier. back.’ One thing is for sure,
acceptanadvertiser’sorder.Onlypublicationofanadvertisementshallconstitutefinal
dayaboutthemen’sarrestsin- ButsomeGOPsenators,in- Donald Trump shows no ur-
acceptanceoftheadvertiser’sorder.
correctlysaidMr.Croft’slaw- Notice to readers cludingthosefacingtightraces gencytodeliverforhard-work-
LetterstotheEditor:Fax:[phone];email:[email protected]
yerdidn’trespondtoarequest Wall Street Journal staff inNovember,havebeenadvo- ingAmericanslikethefamilyI
Needassistancewithyoursubscription?
Byweb:customercenter.wsj.com;Byemail:[email protected] forcommentandMr.Franks’s membersareworkingremotely cating for another deal. Sen. grewupin,likeallofyou,”Mr.
Byphone:1-800-JOURNAL(1-800-568-7625) lawyerwasn’tyetknown. during the pandemic. For the Joni Ernst (R., Iowa) said she Bidensaidatacampaignevent
Reprints&licensing: foreseeablefuture,pleasesend had spoken to Mr. Trump on inLasVegasonFriday.
Byemail:[email protected] HappyValleythemeparkin readercommentsonlybyemail Fridayandurgedhimtoreach A number of economists
Byphone:1-800-843-0008
Wuhan,China,madeentryfree or phone, using the contacts anagreement. havewarnedthatwaitingmuch
WSJbackissuesandframedpages:wsjshop.com
untiltheendof2020;theadja- below,notviaU.S.Mail. “I’m hopeful Congress can longertoadvanceaneconomic
Ournewspapersare100%sourcedfromsustainablycertifiedmills.
cometogetheronceagain—Rs reliefpackagecouldundermine
GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby andDs—andprovidemoresup- thetenuousrecovery,whichis
[email protected]. port to hardworking Ameri- showingsignsofslowingdown.
THEWALLSTREETJOURNAL. Saturday/Sunday,October10-11,2020|A3
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U.S. NEWS
Louisiana Is Battered
In2020,MoreAtlanticStormsThanPrevious15Years
Category3hurricanesandabove Cat.1and2hurricanes Tropicalstorms Subtropical
By Second Hurricane ApriltoJan.
2020 2019 2018 2017 2016 2015 2014 2013
18 15 17 15 11 8 13
BYCAMERONMCWHIRTER struggling to clean up after “Words like ‘unbelievable’
HurricaneLauraandonFriday and ‘unimaginable,’ they are
HurricaneDeltamadeland- werepreparingtobehitagain. justonholdforthemoment,”
fallinsouthwesternLouisiana Laura,whichmadelandfallas he said. “Right now we are Numbbbbbbbber
oooooofAtlaaaaaaaanticc
Fridayevening,bringingpow- aCategory4stormonAug.27, just focused on the task at stoooooormssssofaar
erful gusts, dangerous flood- wasoneofthemostpowerful hand,andthat’shumanlives.” thisyyyyyyyyear
ingandstormsurgestoare- recordedhurricanesevertohit LouisianaGov.JohnBelEd-
gion still recovering from theU.S. wards mobilized National APRIL JAN.
ApriltoJan.
August’sHurricaneLaura. “We are still reeling from Guard units, and President
2012 2011 2010 2009 2008 2007 2006 2005
The Category 2 storm, Laura,” Mayor Nic Hunter Trumphasapprovedthegov-
199tottaal 18 19 9 16 14 9 28
which had weakened from said.“Therearethousandsof ernor’s request for a federal
Category3earlierintheday, buildings in this city that emergency declaration in ad-
cameonlandnearCreole,La. were weakened from Laura vanceofthestorm.
It was expected to continue that are nowhere near put Delta became the 25th
losing steam as it headed backtogether.Therearestill namedstormof2020whenit
northeast, dropping as much piles of debris left. You just reached tropical storm status
as15inchesofrainandcaus- can’trecoverfromacatastro- Monday,thenquicklyintensified
ingfloodinginpartsofLoui- pheinsixweeks.” asitmovedoverwarmwater.
siana, according to the Na- Calcasieu Parish, where Atlandfall,Deltabecamethe
tional Hurricane Center. The Lake Charles is located, was 10thstormtohittheU.S.this
system could spawn torna- underanevacuationorder,and year, breaking a record set in
doesFridaynightinLouisiana many more people have left 1916forthemostU.S.landfalls *StormtotalthroughOct.9. Source:NOAA JessicaWang/THEWALLSTREETJOURNAL
and Mississippi, before mov- theareathanwhenLaurahit, in a season, said Dennis Felt-
ingintotheTennesseeValley, Mr.Huntersaid.Outof35,000 gen, a spokesman for the Na- ricane season officially ends postseasonanalysis. ana coast have learned to
forecasterssaid. structures in the city, about tionalHurricaneCenterinMi- Nov. 30, though any named Grant Price, a 63-year-old leave before a hurricane to
Morethan200,000homes 95% suffered damage, includ- ami. Delta also is the seventh stormsthatforminDecember residentofLakeCharles,left make sure their families are
andbusinesseswerewithout ing Mr. Hunter’s home, and namedstormtomakelandfall would also be counted in the thecitywithmostofhisfam- safe,hesaid.
powerinLouisianaandTexas about 6,000 residents who alongtheGulfCoast,whichhas tallyforthisseason. ily early Friday morning to “It’s just part of what you
by Friday evening, according evacuated for the last storm beenhardhitthisyear. Forecasterslogged28trop- stayinahotelnorthofHous- getfromlivinghere,”hesaid
to Poweroutage.us, which stillhaven’treturned,hesaid. Forecasters are becoming icalandsubtropicalstormsin ton. His home was damaged ofhurricanes.“Wedon’thave
trackspoweroutages. The mayor said that many morecertainthatthisAtlantic the record 2005 season—27 byLauraandhewasamazed to shovel snow out of our
ResidentsinLakeCharles,a city workers have had to put hurricane season could tie or named storms and an un- Deltawasfollowingapathso driveway.”
cityofabout78,000peopleto asideemotionstodealwiththe breakthe2005recordforthe named subtropical storm similartoLaura’s,hesaid. —ErinAilworth
thenorthofCreole,havebeen newstormanditsaftermath. numberofnamedstorms.Hur- added to the tally during a MostpeopleontheLouisi- contributedtothisarticle.
U.S. Pushes Russia
(2)
AL For an Arms Accord
N
R
U
O
J
REET
ST BYMICHAELR.GORDON The Wall Street Journal,
ALL citing U.S. officials, reported
W
HE WASHINGTON—TheTrump Mondaythatnegotiatorsfrom
RT administrationispressingRus- thetwosideshadmadeprog-
O
F siatoconcludeanagreement ressinHelsinkitowardapolit-
A
OZ freezingthenumberofnuclear icallybindingframeworkthat
R
PED warheads before the Nov. 3 wouldfreezeeachnation’snu-
Y U.S.election,astepthatwould clear arsenal and set the pa-
NE
RT providePresidentTrumpwith rametersforaformaltreatyto
U
O a diplomatic accomplishment benegotiatednextyear.
C
Asacommunityassistantat inthefinalweeksofhiscam- OnFriday,apersonfamiliar
ArizonaState,Janae paign, according to a person with the administration’s
Stevenson,above,usedher familiarwithU.S.plans. thinking provided additional
ownmealplantogetfoodfor Thequickeningpaceofthe details of the prospective
aresidentwhohadreceiveda arms-control discussions is framework, which the U.S.
positiveCovid-19diagnosis. partofabroaderpushbythe hopestonegotiatewithinthe
White House to burnish its next2½ weeks.Underthead-
College Resident Advisers Take the foreign-policy record before ministration’s proposal, each
thepresidentialelection. sidewoulddeclarethenumber
Suchanagreement,propo- of warheads deployed on
nentsofMr.Trump’sapproach launchersofallrangesandin
Front Lines in Battle Against Covid
say,alsocouldshapeexpecta- storage,andwouldpledgenot
tionsforafuturetreatyunder toexceedthatinventory.
anadministrationledbyDem- To encourage the Russians
ocratJoeBidenifMr.Trump to agree, the freeze would be
BYALLISONPOHLE fering three types of classes Some other large schools positivestudentsonanon-call losesonNov.3. accompanied by an extension
thisfall:in-person,acombina- don’tallowstudentstoquaran- shift,sheisn’tconcerned.“All In September, Mr. Trump of the New START treaty,
TEMPE,Ariz.—Inthedormi- tion of in-person and online tine or isolate in their own communityassistantswantis hosted the signing of a diplo- which cuts long-range arms
toriesatArizonaStateUniver- calledASUSync,andfullyon- rooms,andinsteadmovethem the best for the health and matic-normalizationaccordbe- andissettoexpireinFebruary.
sity this fall, enforcing mask linecourses.Alllectureclasses to designated housing areas. welfare of our community,” tweenIsraelandtwoArabGulf Deputy Russian Foreign
wearingandlimitingguestsin with more than 100 students OhioStateUniversity,forexam- shesaid.“Thatiswhatweare states.Mr.Trumpalsohascut MinisterSergeiRyabkov,who
residenceroomsispartofthe are taking place solely online. ple, doesn’t allow students to herefor.” thenumberoftroopsinIraq. has held several rounds of
joboffellowstudents. ClassesbeganAug.20,justaf- leavetheirroomsforexercise Freshman Ellie Groves, 18, Nucleararmscontrol,how- talks with U.S. arms control
Themorethan300commu- tertheregion’ssummercoro- ortopickupdeliveriesduring said her community assistant ever,hasbeenanareainwhich envoy Marshall Billingslea,
nityassistantsaremostlyup- navirussurge.About9,700stu- the14-dayquarantineperiod. washelpfulingettingherfood theTrumpadministrationhas didn’t respond to an emailed
perclassmen who, before dents moved into the Tempe ResidentadvisersattheUni- deliveredaftershetestedposi- yet to produce an accord, requesttocomment.
Covid-19, spent their time dormsthissemester,compared versity of Michigan went on tive for Covid-19, but she though a senior U.S. official A spokeswoman for the
solving roommate troubles with about 12,735 students in strikeinSeptemberfornearly doesn’totherwisetalktohim. saidearlierthisweekthereis Russianforeignministrywrote
andpatrollingforunderageal- fall 2019. This semester, ASU two weeks to protest for in- Freshman Zoe Averill, 17, said broadagreementbetweenMr. onTwitterfollowingtheHel-
cohol. This year, many say, said more than 650 students creasedCovid-19protections. she formed a close bond with TrumpandPresidentVladimir sinkimeetingthatmuchwork
theyalsogetalotofquestions havemovedoutofthedorms, At ASU, community assis- her community assistant, and PutinofRussiaontheimpor- remained to bring the two
about navigating the univer- comparedwith99studentslast tantsworkatleast20hoursa describedherasanolder-sister tanceofanuclearfreeze. sidesclosertogether.
sityhealthsystem. week, and have on-call shifts figure.“IreallyfeelfortheCAs,
In Manzanita Hall, a coed at least 10 times throughout and they’re just trying their
freshman dormitory, commu- Community the semester. The assistants besttokeepallofourspiritsup
nityassistantJanaeStevenson, saidtheyreceivedtrainingin andmakeitafunyeardespite
assistantsarehelping
20yearsold,talkedtotwoof howtoaddressmental-health everything,”Ms.Averillsaid.
herresidentsonFaceTimethe studentsnavigate concerns, how to handle in- Duringthefirstfullweekof
second week of classes after stancesofsexualassault,and classes, Ms. Stevenson said
healthsystems.
the residents found out they howtoconnectstudentstore- oneofherresidentstextedher
had tested positive for sourcesoncampus,butmany hoursafterapositiveCovid-19
Covid-19.“Istartedgettingre- saidtheydidn’treceivetrain- diagnosis,sayinghehadn’tre-
ally shaky and emotional be- inginhowtohandlestudents ceived any food. Ms. Steven-
causeIwasoverwhelmed,”Ms. fallsemester. who test positive or quaran- son said she used her own
Stevenson said. “This is the On-campus students who tine on their floors. The uni- mealplantogethimfood.
firsttimeI’vebeendirectlyas- test positive isolate in their versitysaidthatisbecausethe Theuniversitysaidanerror
sociatedwithanyonewhohas ownroomswhenpossible,ac- role doesn’t include handling earlierinthesemesterhadre-
thecoronavirus.” cording to ASU policy. If stu- positiveCovid-19cases. sulted in students on meal
Arizona hit a daily high of dentscan’tisolateorquaran- ASU said that the commu- plansgettingonlytwomealsa
4,877newcasesonJuly1,and tinewithoutexposingothers, nity-assistantrolelooksdiffer- day, but that the issue had
ranksninthamongallstatesfor theuniversitywillmovethem ent today than in previous beenresolved.
fatalitiespercapita,datacom- intoemptyroomsindorms.In years,andtheschooliswork- ForMs.Stevenson,thatwas
piledbyJohnsHopkinsUniver- a statement, ASU said that it ing to make sure the assis- the final straw. Because she
sity show. Cases in Arizona hasmaintainedvacantrooms tantshavethetoolsandinfor- fearedtheriskstoherhealth,
have leveled off in recent on and off campus to use as mationtheyneed. she resigned as a community
weeks,butthestateistesting isolation spaces. Due to pri- Jane Halfhill, 21, a senior assistantandreturnedtoher
fewer people per capita than vacy concerns and issues, it andcommunityassistantina childhood home in Goodyear,
mostotherstates. doesn’tdisclosethelocations buildingwithabout240resi- Ariz.,wheresheiscontinuing
ASU,oneofthelargestpub- ornotifycommunityassistants dents, said while she can see herclassesremotely,shesaid.
lic universities in the nation, whensomeonewhoisinisola- howitcouldbedisconcerting “I realized that I couldn’t do
with127,500enrolledstudents tion moves into an empty tosomeassistantstonotknow thisjobanymore,asmuchasI
systemwidethissemester,isof- roomontheirfloor,itsaid. whethertheymightencounter loveit.”
Professor Sues Harvard for Legal Expenses
BYARUNAVISWANATHA ment talent-recruitment pro- his employment contract, to tific research have sounded
gram, while the U.S. agencies advance payment for his de- alarms about Chinese govern-
AHarvardUniversitychem- spentmorethan$15millionto fensecosts,thelawsuitsaid. menteffortstolureU.S.-based
istryprofessoraccusedbyfed- fundhisresearchgroup. A Harvard spokesman de- researchers to replicate their
eralprosecutorsoflyingabout ArrestedinJanuary,hehas clinedtocomment. workinChina.Severalacadem-
receivingmillionsofdollarsin pleaded not guilty to those Mr. Lieber is the highest- icshavepleadedguiltytolying
Chinesefundingsuedtheuni- charges,aswellastaxfraud. profile scientist ensnared in aboutsuchfundingandothers Bombom,designedbyJoanaVasconcelos.
versity to cover his legal ex- IntheFridaylawsuit,attor- probesbytheFederalBureau areintheearlystagesoffight-
pensesashepreparesfortrial. neys for Mr. Lieber said the of Investigation into allega- ingthecases.Chineseofficials
CharlesLieber,considereda professorhasbroughtHarvard tionsthattheChinesegovern- havedeniedanyimpropriety.
pioneer in the field of nano- millions of dollars in U.S. ment is trying to pilfer cut- Mr.Lieberisonpaidadmin-
technology,isaccusedofmis- grant money and rights to ting-edgeresearchfundedby istrative leave from Harvard,
leading the Defense Depart- about50patentsheobtained American taxpayers at U.S. said his attorney, Marc Mu-
ment and the National during his nearly 30-year ca- universitiesandlaboratories. kasey. “Professor Lieber is in-
InstitutesofHealthabouttak- reerattheuniversity.Allthat The FBI and government nocent.Welookforwardtohis
ing part in a Chinese govern- workentitlesMr.Lieber,under agencies that fund U.S. scien- exonerationattrial,”hesaid.
A4|Saturday/Sunday,October10-11,2020 THEWALLSTREETJOURNAL.
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 ****
POLITICS
runoffbetweenthetoptwovote- test,Warnockhasgainedsignifi- wouldprovide$120billionin data,ithasalargergoalofinflu- TVPOLITICALADSaremuch
getters. cantlyashebecomesmorefamil- grantstosmallrestaurants,bars encingthedebateoverstock moreeffectivefordownballot
Thefindingsareconsistent iartovoters,perhapsa andcaterers,alsohasbipartisan tradingbymembersofCongress. candidatesthaninpresidential
withotherpollsshowingadead consequenceofincreasedadver- co-sponsors.Twogroupsthat Insidertradingbyelectedofficials races,newresearchfromUCLA,
heatintheGeorgiapresidential tisingandhigh-profileendorse- formedduringthepandemicto hasreceivedsignificantattention GeorgeWashingtonUniversity,
contestandshowedalmostno mentsfromformerPresidents representindependentvenues oflate,withRepublicanformer andVanderbiltUniversitypolitical
changefromamid-September BarackObamaandfellowGeor- andrestaurants,theNationalIn- Rep.ChrisCollinspleadingguilty scientistsshows.Theyfindthat
UGApoll.Thepollwastakendur- gianJimmyCarter.Warnock’s dependentVenueAssociationand tocharges,andtheJusticeDe- candidateswithairtimeadvan-
ingatumultuousperiodforthe supportstoodat28%,whilethe theIndependentRestaurantCoali- partmentlaunchinginvestigations tagesmateriallyboosttheirvote
racethatincludedlastweek’sde- twoRepublicans,Sen.KellyLoeff- tion,havetriedtoharnesspublic intostocktradesmadebymulti- shares,andtheeffectsdownbal-
WASHINGTON
bateandTrump’shospitalization lerandRep.DougCollinswereat pressureandsympathyforsmall plesenatorsshortlybeforethe lotcanbeanywherebetween2.5
anddischarge.Fewvotersremain 22%and21%,respectively. businesses,whilewarningthatan coronavirusmarketturmoil. and14timesasgreatasina
WIRE
unconvinced:just3%saytheyare absenceofaidcouldresultina presidentialcontest.Onlyat“very
undecidedintherace,whilean- RESTAURANTSANDMUSIC hugewaveofclosuresthathas APORTRAITofnewvoters high”spendinglevelsdomarginal
other3%backtheLibertarian venueswouldbetwoofthebig- alreadybegun. andinconsistentvotersoffers benefitsstarttodecrease.Ad
Dispatchesfromthe
candidate. gestlosersifcoronavirusstimulus moretroublingnewsforthepres- spendingduringthefallofan
Nation’sCapital TheTrumpcampaignspent negotiationsfail.Twobillswith CONGRESSIONALfinancial ident.Inamergerofall7,500in- electionyeardoesn’t“decay”
nearly$13milliononTVadsin broadbipartisansupportthat disclosurescanbeavaluable terviewsconductedforWall quickly,meaningcandidates
GeorgiabetweenJuneandthe weretuckedintotheHouse’s sourceofinformationforinves- StreetJournal/NBCNewspolls shouldnotjustspendrightbefore
BYGABRIELT.RUBIN endofSeptember,accordingto largerstimuluslegislation—oneto tors,andsheddinglightonmem- thisyear,Trumpleadsby9per- ElectionDayandwouldbenefit
datafrompoliticaladtrackerKan- providegrantstoindependent bers’investmentscanbothlevel centagepointsamongvoterswho fromsustainedadcampaigns.
THEPRESIDENTIALRACEin tar/CMAG.ButasofThursday,it restaurantsandanothertoinde- theplayingfieldanddrawatten- castballotsin2016butsatout
Georgiaisastatisticaltie,with hadpulleddownitsTVadsthere pendentmusicvenues—aren’tex- tiontopossiblefinancialimpropri- the2018midterms.Thosevoters MINORMEMOS:LALakers
PresidentTrumpat47%and andhadn’treservedadditional pectedtomoveforwarduntila eties,anewwebsitebets.Atech accountforabout10%ofthe veteranJRSmithunfavorably
DemocraticchallengerJoeBiden timeaheadofElectionDay.The largerdeal.Withhopesdimming workerandformerequitytrader electorate.Thepresident’schal- contrastsCongress’slackofcom-
at46%inanewpollfromthe Bidencampaignthisweekstarted forabroadpackage,aidforthose hasstartedamonthlysubscrip- lenge:He’slosingbyabigger prehensivecoronavirustestingto
UniversityofGeorgia.Inthe a$4millionTVadbuyinthe strugglingsectorsisn’tlikelyuntil tionservicecalledcongresstrad- margin,21percentagepoints, theNationalBasketballAssocia-
state’stwoSenateraces,Sen.Da- statethatisslatedtorun atleastNovember,aftertheelec- ing.comthatprovidesaccesstoa amongvoterswhosatoutthe tion’ssuccessfulOrlando“bubble”
vidPerduehastakenanearly8- throughNov.3,datashow. tion. databaseofcongressionalfinan- lastpresidentialelectionbut protocols…JillBidenshowsoff
pointleadoverDemocratJonOs- TheSenateraceshaveshown The“SaveOurStages”billis cialdisclosures,whicharere- votedinthe2018midterms,as largeeggplantduringvisittofood
soff,whileDemocratRev.Raphael somemovement.Perduewas co-sponsoredbyTexasGOPSen. leasedpubliclybutcanbehardto wellasamongvoterswhofirst driveinMinnesota…CNNcorre-
Warnockhastakentheleadina previouslyahead47%-45%,while JohnCornynandMinnesotaDem- findandpiecetogether. registeredinthelasttwoyears. spondentchasesawayraccoonon
crowdedspecial-electionfieldthat thenewpollshowshimleading ocraticSen.AmyKlobuchar.The Thoughthewebsiteaimsto Thosevotersaccountfor18%of WhiteHousedrivewayaheadof
isexpectedtogotoaJanuary Ossoff49%-41%.Intheothercon- restaurantlegislation,which provideactionableinvestment theelectorate. liveTVappearance.
Crippled Economy Has Nevada in Play
Electoral
College
Trump campaign hopes to flip a state that polls show Biden leads but that has been ravaged by shutdowns
Map Is
BYELIZACOLLINS
ANDKATHERINESAYRE
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Interviewsherefoundsome HotelsandcasinosinLasVegaswereallowedtoreopeninearlyJuneafterashutdownofmorethan2½months.Below,HannaAlamuuand howcomplextheirtactical
localsaimtheirfrustrations GerryRojas,organizersforCulinaryUnionLocal226,knockedondoorslastmonth. decisionshavebecome.
overtheeconomicturmoilat Foritspart,JoeBiden’s
Gov.SteveSisolak,aDemocrat ANewYorkTimes/Siena Local226,whichrepresents Democraticcampaignin-
whoseclosuresofbusinesses Collegepollthisweekshowed 60,000hospitalityworkers, creasinglyseesstatesthat
andlimitsonpublicgather- Mr.BidenleadingMr.Trump saidwhenhewentdoorto onceseemedeitherastretch
ingsremainedinplacelonger by6percentagepointsinNe- doorin2016itwasdifficult orjustbeyonditsreachas
thaninsomeotherstates. vada.Otherrecentpolls togetpeopleengagedabout worthfightingfor.Inpartic-
Somesaidthathampered showedMr.Bidenaheadby theelection.Thisyear,he ular,aidessay,Ohio,Georgia,
tourisminacitythatrelieson varyingmargins. said,morepeoplearehome, IowaandTexasareattract-
visitorstopumpmoneyinto GerryRojas,a40-year-old andheisfindingmanypeople ingattention.Thechances
theeconomy.Otherssaidthey porterattheLasVegasair- supportMr.Biden. forsuccessinOhioandGeor-
blameMr.Trump,whotested port,saysthepresident’sre- “They’relike,‘No,we’re gia—bothofwhichMr.
positiveforcoronavirus,and sponsetothepandemicwill readytovotethisyear.’Be- Trumpcarriedcomfortably
thathishandlingofthepan- energizemorevoterstosup- causethey’reangrybecause in2016—dependinparton
demichasprolongedtheshut- portMr.Biden.Mr.Rojas,an thepresidentdidn’tmanage turnoutamongAfrican-
downsandcostlives. organizerforCulinaryUnion thispandemictherightway,” Americanvoterssupporting
hesaid. Democrats,campaignaides
MatthewYankley,35,was say.
anightclubpromoterbefore Theclosing-stagedynamic
JOURNALISTSDON’T barsandentertainmentven- canbeseeninhowtheBiden
uesshutdown.Outofwork campaign,whichisingood
‘JUSTWRITESTORIES.’
forsevenmonthsnow,he financialshape,isinvesting
startedaFacebookgroupto itsadvertisingdollars.This
callforpubliclifetobere- weekitexpandeditsTVad
THEYRECORDHISTORY. stored,whichhas17,000 presenceinOhioandGeor-
members.Hedidn’tvotein probablythat’sgoingtowork than200unionmembersare gia,goingontheairwith
2016butplanstovoteforMr. infavorofBiden,”saidJohn canvassinginLasVegasand about$1millioninadbuys
Trumpthistime. P.Tuman,apolitical-science RenoforMr.Biden. ineachstate.
“Thecityisdying,”hesaid. professorattheUniversityof Mr.Biden’srunningmate, Meanwhile,theTrump
“Ijustdon’tseehowhegets Nevada,LasVegas. Sen.KamalaHarris,hasvis- campaignisadjustingas
theblameonallthis,”hesaid UnliketheTrumpcam- itedthestatetwice,andthe well.Itcanceleditsreserva-
ofthepresident.“Iputthe paign,whichhadvolunteers formervicepresidentvisited tionsfortheweekinOhio
blameonthegovernorsbe- goingdoortodoorfor NevadaonFriday. andIowa,thoughthecam-
causehegavethemfreerein months,theBidencampaign TheTrumpcampaignis paigninsisteditwasdoing
tocontroltheirownstates.” wasmostlyvirtualuntilthis seekingtomitigateDemo- sobecauseitthinksthose
Mr.TrumplostNevadaby month.Still,adviserssaid crats’edgehereandin statesaresafeforthepresi-
justover2percentagepoints Democratshavebuiltanorga- WashoeCounty,hometo dent.“Thosereservations
in2016,andthecampaign nizingedgeoverseveralelec- Reno,anddriveupturnoutin weremadealongtimeago
seesthestateasapickupop- tioncyclesandexpanded ruralandexurbanareas. andwefeelverygoodabout
portunity.Thepresidenthas theirranksatthelocaland ChrisPhillips,a54-year- OhioandIowa,”saidTrump
visitedthreetimes,clashing statelevel. oldperformerknownas campaignspokesmanTim
withMr.Sisolakwhenheheld ZowieBowie,hadn’tmisseda Murtaugh.
acampaignrallyinSeptem- weekofshowsin25years, TheTrumpcampaignalso
berinHenderson,alargesub- Atonepoint,98%of buthehasbeenhomesince reduceditsspendingin
urbofLasVegas,inviolation mid-March. GeorgiaandArizonaandre-
CulinaryWorkers
ofthestate’srulesbanning “Istronglybelievethat directedthatmoneytoWis-
gatheringsofmorethan50 unionmemberswere Trumphastherightideathat consin,Minnesota,Michigan,
people.Mr.Sisolakrecently openingcertainaspectsof NewHampshireandNevada,
outofwork.
raisedthelimitto250people. oureconomyandcommuni- accordingtopolitical-ad
VicePresidentMikePence tieswillbenefitusmorethan trackerKantar/CMAG.
saidataneventinClark keepingitclosed,”hesaid. Thosemovesappearin-
CountyonThursdaythat“the TrinaLogan,63,theowner tendedtobuildakindof
roadtovictoryrunsright Alargepartofthatisbe- ofasaloninLasVegas,said safetynetbeneaththepresi-
throughNevada.” causeofthesupportofthe shewouldvoteforMr.Biden, dentincasehelosesoneor
Democratshavesaidthat CulinaryUnion,whichwas thoughsheworriesabouthis moreofthebigindustrial
Mr.Trumpplayeddownthe canvassinginpersoneven age.(Mr.Bidenis77,Mr. Midweststateshewonlast
virusfortoolong,allowingit whentheBidencampaignwas Trump,74.)Ms.Logansaid time.Mr.Trumpdidn’twin
tospread,andthathisadmin- doingsoonlyonline.Atthe thepresidenthasbeenincon- NewHampshire,Nevadaand
istrationhasn’tdoneenough heightofthepandemic,98% sistentinhismessagingand Minnesotain2016,buthis
toencouragesocial-distancing ofunionmemberswereout doesn’tseemtobetakingthe campaignseeshopeforvic-
Learnmoreabouttheimpactyour
journalismcareercanhaveontheworld. measuresthatcouldslowthe ofworkwithcasinosclosed. economiceffectsseriously. toriesnow.
WallStreetJournalreporterErinAilworth virus.Theyhavesaidhisac- Morethansixmonthslater, “Idon’tliketheflipre- TheTrumpcampaigncon-
andotherssharecareeradviceat tionsprolongedshutdowns. halfofthoseworkersstill marksaboutthingsthatare tinuestospendthemostad
dowjonesnewsfund.org/careers. “Ithinkit’sveryreason- aren’tback,estimatesD.Tay- veryimportant,”shesaid.Ms. dollarseachweek—more
abletosupposethatvoters lor,thepresidentofUnite Loganestimatesshehaslost than$5million—inFlorida,a
aregoingtolookattheover- Here,Culinary’snationalaffil- 80%ofherbusinesssincethe statecrucialtothepresi-
allstateoftheeconomy,and iate.Mr.Taylorsaidmore pandemicstarted. dent’spathtovictory.
THEWALLSTREETJOURNAL. Saturday/Sunday,October10-11,2020|A5
****
This week we
made history.
But it’s your
tomorrow we
care about most.
Almost 50 years ago, two upstart companies pioneered a new model in the financial
services industry—one entirely devoted to individual investors. Now, those firms,
TD Ameritrade and Schwab, join together to continue their shared mission of
serving investors.
When I started Charles Schwab, I didn’t set out to be the biggest. Instead, I wanted
to be the strongest. A trusted home for people who shared my passion for investing.
A firm that could continuously invest in better services for clients. A company with
the strength and endurance to stay focused on our mission: helping people realize
their financial dreams through investing.
Of course, I wasn’t alone in that focus. Joe Ricketts had the same idea when he
started TD Ameritrade. For almost 50 years, we both competed fiercely against the
giants of the financial industry. But we always had respect for each other. Both firms
worked to remove barriers to investing by offering innovative technology, client-
friendly tools, and great service at lower costs. And both firms strived to overcome
the traditional conflicts of commission-based advice prevalent in the industry.
your future
The combination of our firms is about the future: . Our scale, our
complementary strengths, and our shared passion for investors will create a
unique firm in the industry. A company with a commitment to creating access for
everyone, the resources to support clients at every stage of their journey, and the
integrity to keep clients’ interests at the heart of everything we do. And a singular
focus on creating better outcomes for all of our clients. I think that’s what people
want. And together, it’s what we will offer.
Now, we have become even stonger. We look forward to using that strength—and
our relentless focus on you—to help you make the most of your tomorrow.
Sincerely,
Charles R. Schwab
Chairman & Founder,
The Charles Schwab Corporation
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A6|Saturday/Sunday,October10-11,2020 THEWALLSTREETJOURNAL.
********
U.S. NEWS
Twitter Readies Curbs Ahead of Vote
Russia
Report to
BYGEORGIAWELLS everyonetonotonlyconsider todisplayanewpromptthat andfeatureasuggestionthat clude an explanation. This Land After
why they are amplifying a providescredibleinformation users add their own context change will require Twitter’s
Twitter Inc. will make it tweet, but also increase the whenusersattempttoretweet beforerepostingthem. curators to review the trend-
harder for posts to go viral likelihood that people add apostthatTwitterhasidenti- These new warnings will ing topics more closely—and Election
aheadoftheU.S.election,in- theirownthoughts,”Twitter’s fiedascontainingmisleading apply to tweets that are la- adddescriptionsoflinkstoar-
cluding by putting limits on legal, policy, trust and safety information. This change beled as containing misinfor- ticlesfortheitemsthatarein-
howuserscanretweet. head Vijaya Gadde and prod- startsnextweek. mation and posted by users cluded.
ThemovesunveiledFriday, uct lead Kayvon Beykpour Twitter currently labels who have outsized influence Twitter’s list of trending BYSADIEGURMAN
which also include pointing wroteinablogpostFriday. tweetsthatcontainmisleading on the platform, such as U.S. topics has come under scru- ANDARUNAVISWANATHA
users viewing certain tweets Social-media companies information about Covid-19 politicalfiguresandU.S.-based tinyforpromotingcontentat
tocrediblecontent,areamong havebeenscramblingtoclamp userswithmorethan100,000 times stemming from misin- WASHINGTON—Attorney
theboldestyetforthesocial- down on potential confusion followers. formationcampaignsintended GeneralWilliamBarrhastold
media platform and are de- andwaystheirplatformscan Thecompanywill Inabidtoslowthespread to make certain ideas appear top Republicans that the re-
signed to slow the spread of be abused to undermine the of tweets, the company is morepopularthantheyreally sultsofawide-ranginginquiry
limitretweets,
misinformation. integrity of the political pro- tweakingitsalgorithmtostop are. into the origins of the FBI’s
Whereuserspreviouslyhit cessintheU.S. makingitharderfor tweets from appearing in Twitter also said the com- 2016 Russia investigation
a button to reshare, or Facebook Inc. has said it feeds simply based on the panyplanstolabelanytweets won’t be made public before
poststogoviral.
“retweet,”items,theywillnow wouldsuspendallpoliticalad- amount of likes they receive. that falsely claim a win for theelection,accordingtopeo-
be directed to a screen that vertisingafterthepollsclose Currently,thetweetsthatus- any candidate and remove plefamiliarwiththematter.
will encourage adding com- Nov. 3, something that other ersseearearrangedviaanal- tweetsthatencourageviolence PresidentTrumpandhisal-
mentary before resharing platforms including Twitter gorithmthatincludescontent orcallforpeopletointerfere liesinCongressandhiscam-
posts.Ifusersdon’twriteany- and TikTok have already im- and U.S. elections, among from accounts they follow as withpollingplacesorelection paignhadhopedthefindings
thing, their post will still ap- plemented. Many platforms, other items. Tweets that re- wellastweetsthatotherusers results. wouldbereleasedbeforeNov.
pearasatraditionalretweet— includingFacebookandTwit- ceive these labels are de-am- like. Todeterminetheresultsof 3, potentially shedding new
but the change “adds some ter, have taken steps to ban plifiedinTwitter’salgorithm, Otherchangesaredesigned an election in the U.S., the lightontheunderpinningsof
extrafriction”intheprocess, QAnon,thefast-growingcon- and the company, in some to add more context rather company said it will require theinvestigationintolinksbe-
according to a company blog spiracymovement. cases, will remove these than slow the spread of con- eitheranannouncementfrom tween the Trump campaign
post. Twitterhasconductedprior tweets. tent. state election officials or a and Russian interference in
Thechangewilllastatleast experimentstoencourageus- TwittersaidFridayasubset Twitter said it will only publicprojectionfromatleast the2016election.
throughtheendoftheweekof ers to read articles before ofthetweetsthatreceivemis- surfacetopicsinitspersonal- two authoritative, national Mr.Trumphasbeencalling
theU.S.election. sharingthemonthesite. information labels will be ized trending topics tab for news outlets that make inde- fortheprosecutionofhispo-
“Wehopeitwillencourage Additionally,Twitterplans madeharderforuserstoshare users in the U.S. if they in- pendentelectioncalls. liticalrivalstoresultfromthe
probe. Told by conservative
radiohostRushLimbaughthat
Court Backs Florida in Registration Dispute
Mr.Barrhadtoldlawmakersa
reportbyElectionDaywasun-
likely, Mr. Trump on Friday
said, “If that’s the case I am
BYARIANCAMPO-FLORES verydisappointed.
“Ithinkit’saterriblething,
Afederaljudgedeniedare- and I’ll say it to his face,” he
questbyvoting-rightsgroups saidofMr.Barr.“That’sadis-
to further extend Florida’s grace. I think it’s a disgrace.
voter-registrationdeadlineaf- It’sanembarrassment.”
ter the state’s online portal Mr. Barr had been pressing
crashedMonday,thefinalday ConnecticutU.S.attorneyJohn
toregister. Durham to produce at least a
Calling his ruling an “in- partialreportbeforeNov.3,cre-
credibly close call,” U.S. Dis- atingfrictionwithsomemem-
trict Judge Mark Walker bersofMr.Durham’steamwho
agreedwithplaintiffsthatthe saidtheyneededmoretimeto
websiteglitchesdeprivedpo- complete their work, people
tentially thousands of people familiarwiththemattersaid.
from registering to vote. But Nora Dannehy, a longtime
he said he had to weigh that associate of Mr. Durham, de-
impactagainstconcernsraised parted due to how Mr. Barr
by the state that another managedtheprobe,decisions
deadlineextensionwouldbur- to declassify certain docu-
den already overworked ments,anddisagreementsover
county elections supervisors. how they would present con-
Thestatedidextendthedead- clusionsinareport,according
line until 7 p.m. the next day tothepeoplefamiliarwiththe
afterthewebsiteproblems. matter. Ms. Dannehy couldn’t
“Florida’s interest in pre- bereachedtocomment.
venting chaos in its already RepresentativesoftheJus-
precarious—and perennially ticeDepartmentandMr.Dur-
chaotic—election outweighs hamdeclinedtocomment.
the substantial burden im- Mr.Durham’sreviewhasled
posed on the right to vote,” oneFederalBureauofInvesti-
JudgeWalkerwrote. SS gationlawyertopleadguiltyto
Thedecisionlikelyendsthe RE altering a document used to
P
lFsatltaoetrseitdian,fitghthheteUo.Svla.e,rrgwehvsoetrteinswgelienicng- SSOCIATED ofvoibsrtemari.enLritsTtulreruvemelislpelahncaacsembpaeageianginnmsataddae-
tionsoftenarewonbypaper- X/A publicaboutanyadditionalac-
U
thinmargins.Absenteeballots O tionMr.Durhamplanstotake.
A
alreadyhavebeenmailedout, NR The FBI’s investigation,
H
andearlyin-personvotingbe- O launchedbeforethe2016presi-
J
ginsOct.19. Afederaljudgedeniedarequesttofurtherextendthestate’sregistrationdeadline.Above,aballotcollectionsiteinSumterCounty. dentialelection,ultimatelyled
Issues with the state’s on- to the appointment of special
linevoterregistrationsystem son at various locations, in- ing that the failure to extend newregistrationsratherthan while also participating in counselRobertMueller inthe
surfacedaheadofthedeadline cludingcountysupervisorsof thedeadlinewoulddisenfran- handledutieslikeadminister- theirnormalworkday,school, spring of 2017 to look into
ofmidnightMonday,asusers electionsoffices.Mailedappli- chisethousandsofFloridians. ingearlyvoting. familyandcaregivingrespon- whether the Trump campaign
encountered delays or were cations postmarked by Tues- The state argued that ex- JudgeWalkersaidMs.Lee’s sibilities,”hewrote. coordinatedwithRussiainthe
unabletosubmitapplications. dayalsowouldbeaccepted. tending the deadline would extension of the deadline to JudgeWalkercriticizedFlor- run-uptotheelection.
The problems stemmed from Voting-rightsandcivic-en- create problems. Voter rolls Tuesday lessened the impact ida’shandlingoftheissueand A report released by Mr.
“unprecedented volume and gagementgroupspressedfora mightnotbeupdatedintime, ofthewebsitecrash,butwas itslonghistoryofvotingwoes. Mueller last year found that
traffic,”saidFloridaSecretary longerextension,toallowtime resultinginsomevotershav- insufficient. “Potentialvotersattemptedto Russia interfered in the 2016
ofStateLaurelLee. to inform people and give ing to file provisional ballots “This left less than seven performtheircivicduty,toex- election in part to help Mr.
Asaresult,Ms.Leeissued them an opportunity to act. onElectionDay.And,thestate hours for potential voters to ercisetheirfundamentalright, Trumpanddescribednumerous
adirectivetoextendthedead- Whenthestatedeclined,sev- said,electionssupervisorsal- somehowbecomeawareofthe only to be thwarted, once contactsbetweenMr.Trump’s
line to register to vote to 7 eral groups including Dream ready confronting challenges news and ensure that they again,byastatethatseemingly campaignandRussianofficials,
p.m.Tuesday.Peoplecoulduse Defenders and New Florida fromthepandemicwouldhave properlysubmittedtheirvoter isneverpreparedforanelec- butdidn’testablishaconspir-
the portal or register in per- Majorityfiledalawsuit,argu- todivertresourcestoprocess registration applications, all tion,”hewrote. acybetweenthetwo.
Stocks End
Indexperformance,weekly
Nasdaq DowJones
Best Week S&P500
Composite IndustrialAverage
▲4.6%
4%
In Months
▲3.8%
3 ▲3.3%
2
ContinuedfromPageOne
itwouldbebadforstocks,but
1
they now are predicting it
wouldboostmarkets.
A Democrat “Blue Wave” 0
victory“hascuriouslyflipped
from consensus bear catalyst –1
to bull catalyst,” Bank of
AmInerviecsatoarnsahlyasvtespwilreodtein.toin- DPRESS –2
dividual stocks and sectors ATE
thatwouldbenefitfromaBi- OCI –3
SS
den presidency. The iSharesA
Global Clean Energy ETF UCCI/ –4
surgedtothehighestlevelin ANV July Aug.Sept. Oct. July Aug.Sept. Oct. July Aug.Sept. Oct.
10 years this week as bullish V
E
options trading tied to the WhiteHousechiefeconomicadviserLarryKudlowspokeonFridayaboutthereliefpackage. Source:FactSet
fund ramped up, too. Mr. Bi-
denhasproposeda$2trillion Trumphadapprovedtheplan. heads into earnings season. tradingstrategyfortheAmer- littlebitofarisk.” ticked up to 0.775% from
plan to combat climate That provided a temporary Analystsexpectcompaniesin icas,saidthoserisingexpecta- Among individual stocks, 0.764%Thursday.
change. boosttomarketsintheearly the S&P 500 to report a me- tionsmightleadtodisappoint- chipmakerXilinxledtheway Oil prices edged lower as
Meanwhile,investorsspent afternoon. dian 20% drop in per-share ment in the coming weeks intheS&P500,up$14.95,or traders tracked the progress
the week watching for signs “For the market to move earnings,accordingtoFactSet. becausenotalltrendsemerg- 14%,to$120.94afterTheWall ofHurricaneDelta,whichhas
fresh stimulus would arrive higher,weneedtoseefurther But they have actually inginthepandemicareactu- StreetJournalreporteditwas broughtoffshoreproductionin
fromWashington,whichlead- stimulusintheU.S.,toensure grownmoreoptimisticinthe ally enduring shifts in con- intalkstobeacquiredbyAd- the Gulf of Mexico to a near
ers of both parties say they that the recovery that is still pastthreemonths,increasing sumerhabits. vanced Micro Devices. The standstill.
want and few expect to hap- ongoing can be at least the median EPS estimate by “Iwonderwhetherthere’s deal could be valued at more U.S.crudefuturesdropped
penbeforetheelection. smoothed over,” said Brian 4.1%, according to FactSet’s been a bit of a Y2K-effect than$30billionandmarkthe 1.4%to$40.60abarrel,trim-
TheWhiteHouseisprepar- O’Reilly,headofmarketstrat- earningsanalystJohnButters. wherepeoplerushedtosetup latest tie-up in the rapidly mingtheirgainsfortheweek
ing a $1.8 trillion offer, its egy at Mediolanum Interna- That’sthefirsttimesince2018 home offices and get their consolidating semiconductor to9.6%.Theenergysectorwas
largestproposalinthisround tionalFunds. analystshavegrownmoreop- gardeningkits,”Mr.Altmann industry. AMD fell $3.41, or the worst performer in the
oftalks,andWhiteHousead- The pandemic’s impact on timisticduringaquarter. said. “A lot of that is not re- 3.9%,to$83.10. S&P500,falling1.6%.
viserLarryKudlowsaidFriday theeconomywillgetfreshat- Alexander Altmann, the peatable business. That’s In bond markets, the yield —GunjanBanerji
on Fox Business that Mr. tentionnextweekastheU.S. head of Citigroup’s equity where I think there’s been a on10-yearU.S.Treasurynotes contributedtothisarticle.
THEWALLSTREETJOURNAL. Saturday/Sunday,October10-11,2020|A7
****
U.S. NEWS
Organizer Cancels Experts Weigh In on Treatment
Trump-Biden
The President Has Received
Debate Next Week
BYSARAHTOY
BYMICHAELC.BENDER arebeingaskedtobringamask ANDDANIELAHERNANDEZ
and will be told to wear it on
WASHINGTON—The Com- theWhiteHousegrounds,anof- Ithasbeenmorethanaweek
mission on Presidential De- ficialsaid.Allattendeeswillbe sincePresidentTrumpwasdi-
bates scrapped the planned givenatemperaturecheckand agnosedwithCovid-19andhis
matchup next week between abriefquestionnaireaboutre- physiciansaidThursdaythathe
President Trump and Demo- centsymptoms,theofficialsaid. has completed his course of
craticnomineeJoeBiden,ac- Mr. Trump said in a tweet therapy.Herearesomeanswers
cording to a person familiar Friday that he would “be in to questions about the treat-
with the matter, after the Sanford, Florida on Monday mentsthepresidentreceived.
president said he wouldn’t for a very BIG RALLY!” Offi-
participateinavirtualdebate. cialsalsohavebeenconsider- Whichmedicationsdidthe
The organizing body had ing travel in Michigan and presidentreceive?
S
previouslysaiditwaschang- Pennsylvania. Thepresidentgotamonoclo- AGE
M
ingtheformatfortheplanned Mr. Trump said in a Fox nalantibodytreatmentmadeby I
Y
sfMreoicamomnadintidone-bapaevtresirotnounatolwTmhneuherastlidlnaigny. NtrhaelalwytsihnienFtmleorrivgiidheawtodTnohSuaartsucdaradmyapynaiaginghdnt RtbhyeegGeainlneetariodvniSraPclhiearnrecmmeasdceIensucitv.i,icraa,nlsmdIantdhcee., RESSE/GETT
Tprheesiddeecnitsiaonndcsaemveeraalftpeerotphlee ionffPiceinanlsssyalvidanhieadooneSsunn’tdpalya,nbutot sgteetrtoinidgtdheexsatmateethoafstohneea.rt“,Hteh’es NCE-P
A
intheWhiteHousetestedpos- travelthisweekend. trio of best drugs,” said Peter FR
itiveforcoronavirus. Mr. Trump hasn’t held a Chin-Hong,aninfectiousdisease NCE
The president said he campaignrallysinceMinnesota specialist at the University of AGE
wouldn’tjoinavirtualdebate, onSept.30,whenWhiteHouse California,SanFrancisco. OEB/
and his campaign called for aide Hope Hicks fell ill. She L
UL
thetworemainingdebatesto testedpositiveonthemorning If I get Covid-19, will I be A
S
be moved back. Mr. Biden’s ofOct.1,andMr.Trump,after prescribedthosemedications? PresidentTrumpdepartedWalterReedmedicalcenterthisweekafterbeingtreatedforCovid-19.
attendingafundraiserinNew Dexamethasoneandremde-
Jersey that afternoon, an- sivirarenowroutinelyusedin oussupplementaloxygen,doc- andkidneyfunctionofpatients Itishardtosaybecausevery
Virtualtownhallis nouncedthatnightthathealso treatinghospitalizedCovid-19 torssay. whoarereceivingit. fewpeople,ifany,havereceived
testedpositiveforCovid-19. patients.Themonoclonalanti- At the same time, doctors thepresident’sexacttreatment
scrappedafter
Mr.Trumpwashospitalized bodydrugmadebyRegeneron saydexamethasonecanhaveex- How does Regeneron’s plan.ButaccordingtotheCen-
presidentsayshe on Oct. 2, and spent three isinclinicaltrialsand hasn’t tremeeffectsonmood,memory monoclonal antibody drug ters for Disease Control and
nightsatWalterReedNational been approved by regulators andthinking,includingtrigger- work?Aretheresideeffects? Prevention,peoplewithmildto
wouldn’tparticipate.
MilitaryMedicalCenter.Here- foremergencyuse.Thepresi- ing feelings of euphoria and Regeneron’s REGN-COV2 is moderateCovid-19remaininfec-
turnedtotheWhiteHouseon dentgotadoseofRegeneron’s low-grademania.Peopleondex- part of a class of medicines tiousupto10daysaftersymp-
Monday,andhasbeenlooking drug, called REGN-COV2, be- amethasone may also have is- called monoclonal antibodies, tomonset.Thosewithmorese-
to resume campaigning since causeofaprogramthatallows sueswithcognitionanddecision developed in laboratories to vere disease could remain
campaign, however, objected histreatmentsforthecorona- patientstotakeexperimental making,theysay. mimic the naturally occurring infectiousforupto20days,the
tochangingthedates. virusstarted. drugsoutsideofclinicaltrials. antibodiesthattheimmunesys- agencysays.
Officials earlier said Mr. Mr.Trump’sphysician,Sean Itisinlimitedsupply,anditis What is remdesivir and temproducestofightoffpatho-
Trump planned to hold his Conley, issued a statement unlikelymostpeoplewouldbe whatareitspotentialbenefits gens,suchasviruses.Earlyre- Aretherepossiblerisksto
first in-person events since Thursdayeveningsayingthat able to get the drug anytime andsideeffects? searchonthedrughasshown taking all three therapies at
being treated for a coronavi- he anticipated Mr. Trump soon. Remdesivir is an antiviral encouragingresultsintreating once?
rusinfectionwithagathering would be able to hold public medicationthatstopsthevirus patientswhoaren’thospitalized. Doctorssaythereisnorea-
on Saturday at the White events again by Saturday. How does dexamethasone fromspreadinginthebodydur- Antibodytherapyismeantto sontothinkdualtreatmentwith
House and a campaign rally “Overall he’s responded ex- work,anddoesithavesideef- inganinfection.Itwascleared buy the body time to produce Regeneron’s antibodies and
MondayinFlorida. tremely well to treatment, fects? bytheFoodandDrugAdminis- the arsenal of molecular de- remdesivir would lead to ad-
Mr. Trump was scheduled withoutevidenceonexamina- Dexamethasone works by tration for emergency use in fensesneededtofightthevirus verseeffects.Butitispossible
to deliver remarks on Satur- tionofadversetherapeuticef- suppressingtheextremeinflam- hospitalized patients with offonitsown,saidresearchers thatsteroidscoulddamptheef-
day at 2 p.m. from the South fects,”Dr.Conleywrote. matory reaction Covid-19 pa- Covid-19 after researchers re- working on other antibody- fect of Regeneron antibodies,
Portico balcony at the White The White House has de- tientscanhavetothevirus.Re- porteditcutdowntherecovery based therapies. If the body saidPeterChin-Hong,aninfec-
House,officialssaid. clinedtoanswerseveralques- search has shown benefits in timesofhospitalizedpatients.It doesn’t produce its own, the tious-disease specialist at the
AWhiteHouseofficialsaid tionsaboutMr.Trump’scondi- patientswhoarereceivingoxy- is now a standard course of personisn’timmune,infectious- University of California, San
Mr. Trump planned to focus tion and treatment, including gen or on mechanical ventila- treatment in hospitalized diseaseexpertssaid. Francisco. Steroids typically
hisremarksonlaw-and-order whenhelastgotanegativetest tion.Typically,thesteroiddrug Covid-19patients. dampimmunesystemactivity,
issues.Officialsdidn’tsaywho before testing positive Oct. 1 isprescribedtopatientswhose Liverandlivertoxicitycanbe How long would someone hesaid,makingtheoverallef-
wouldbeinattendance. andwhetherheisbeingtested blood-oxygenlevelsarepersis- asideeffect,doctorssay,soitis on the president’s treatment fectoftheantibodytreatment
Guestswhogototheevent regularlysincehisdiagnosis. tentlylowandrequirecontinu- importanttomonitortheliver regimenbecontagious? lesspredictable.
S
W
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O
O
BL
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E
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E
HCA,oneofthenation’slargesthospitalchains,willpayback$6billioninpandemicaidandloans.
HCA Says Return of Pandemic
Aid Will Restore Its Flexibility
BYMELANIEEVANS spring,includingtheCoronavi- surgeryathospitalsinFlorida,
rus Aid, Relief, and Economic Georgia, South Carolina, Ten-
HCAHealthcareInc.’sdeci- Security Act, Congress ap- nessee and Texas as Covid-19
sion to pay back $6 billion in proved$175billionindirectaid casessurgedacrosstheSouth
federalpandemicaidandloans for health-care providers and andWestthissummer.
offers the company financial offered pandemic relief loans, The company refined its
flexibility it lost when it took whichhospitalsmusteventually protocols and tracked local
theinfusionofcash,executives repay.Hospitalrevenueplunged rates of positive Covid-19 Happy Times
said. with pandemic preparations tests,hospitaloccupancyand
HCA, one of the nation’s that halted some surgeries to scheduled procedures to de- Chopard Wristwatch
largest hospital chains, on prepareforCovid-19patients. cide when to postpone some
Thursdaysaiditwouldreturn ButHCAandotherhospital surgeries,Mr.Hazensaid.
Celebrateddesigner.Brilliantdiamonds.Iconiccollection.
the roughly $1.6 billion it re- chainsreboundedmorequickly He added: “We had well
ceivedindirectrelieffromthe than expected from spring northof60%ofthecompany ThisquartzwatchbythelegendaryChopardispartofthe
governmentandrepayitsrelief losses,movingtorestartelec- underavoluntary,corporate- firm’s highly popular Happy Sport collection. Its 18K white
loanstotaling$4.4billionahead tive procedures in late April office-imposed suspension of androsegoldcaseandbandareembeddedwithpinkand
of schedule. Chief Executive and early May. Hospitals con- electivecaresowecouldman-
white diamonds totaling approximately 8.50 carats, while
Sam Hazen called the move tinued surgery through new age staffing needs, manage
thewatch’sfaceframessevenfloatingdiamondsheldwithin.
“appropriate and the socially outbreaksofthevirus,though PPEneedsandmanagephysi-
responsiblethingtodo.” withsomeinterruptionwhere cal-bedneeds.” Thedesignallowsthediamondstomovewiththewearer,
OnFriday,thecompany’sfi- casessurged. Thecompanynowdrawson creatingatrulydynamicjewelrypiece.7”length.#31-1592
nancechieftoldanalystsona Hospitalanalystssaidfewin thatexperiencetopreparefor
conferencecalltherepayment the sector have announced possiblewavesofCovid-19pa-
wouldallowHCAtoreconsider planstoreturnpandemicrelief. tients in the fall, Mr. Hazen
movesitmadeinthespringto Encompass Health Corp., said.
conservecash. which operates rehabilitation HCA said Friday it has
“We’ve historically had a hospitals,homecareandhos- startedtoresumesomecorpo-
verybalancedallocationofcap- pice services, previously re- rateinvestmentinambulatory
italbetweenourinternalcapital turnedfundsitreceived. surgerycentersandfreestand-
spending, acquisition capital, Mr.Hazen,HCA’sCEO,said ingemergencyrooms,afterit
dividends and share repur- inaninterviewtheexperience sharply curtailed its capital
chase,”ChiefFinancialOfficer ofmanagingsurgeryhaltsand planthisspring,includingsus- 622RoyalStreet,NewOrleans,LA • 888-767-9190 • [email protected] • msrau.com
WilliamRutherfordsaid.“With restarts throughout the sum- pending dividends and share
thereturnofourCaresAct,we mer,aswellasthecompany’s buybacks. Since1912,M.S.Rauhasspecializedintheworld’sfinestart,antiquesandjewelry.
doseesomeflexibilitytoevalu- overall rebound in operations The suspended programs Backedbyourunprecedented125%Guarantee,westandbehindeachandeverypiece.
atewhenistherighttimetore- fromthespring,ledtoitsdeci- werevoluntarybutnecessary
turntosomeofthosehistorical siontorepaythereliefaid. afterthecompanyoptedtoac-
allocationpolicies.” HCA, which operates 186 ceptthefederalaid,Mr.Hazen
Under relief packages this hospitals nationwide, halted said.
A8|Saturday/Sunday,October10-11,2020 THEWALLSTREETJOURNAL.
****
U.S. NEWS
Antibody Drugs Get New Attention U.S. Orders Nevada
To Allow Rapid Tests
BYJOSEPHWALKER
ANDPETERLOFTUS
In Nursing Homes
PresidentTrump’sendorse-
ment of an experimental
Covid-19 drug from Regen-
eron Pharmaceuticals Inc.
has raised expectations for a BYANNAWILDEMATHEWS gentestsarecheapandcanpro-
typeofmedicinethatcouldbe ANDBRIANNAABBOTT vide quick, repeatable results,
authorized for public use buttheyalsotendtobelessac-
withinweeksorevendays. The Trump administration curate than laboratory-based
Regeneronisracingagainst orderedthestateofNevadato molecular tests. Antigen tests
rival Eli Lilly & Co. to bring withdrawadirectiveblocking aremorelikelytoproducefalse
thefirstmonoclonalantibody nursinghomesfromusingfed- negatives, but they can also
drug on the market to treat erallyprovidedrapidcoronavi- producefalse-positiveresults.
Covid-19 patients who aren’t RESS rus testing equipment, high- “It’sjustamatterofunder-
sickenoughtobehospitalized. P lighting a debate over the standingthatsomefalseposi-
D
BothcompaniessaidWednes- ATE proper use of the tests after tivesareinevitable,”Adm.Gi-
day they had asked the U.S. OCI reportsofsomefalse-positive roir said. “And you need to
FoodandDrugAdministration ASS results. dealwiththemtheright,cor-
tasoalrnaeduastdhyoofrmdizoaesdeuesseft,oearnnspdaotthifeentythsho.aud- N/ELILILLY/ AmdeImnnt.aoBflreHettteetarlGtthoiraoNnierdv,atHdhuaemoDaffenipcSiaaerlrts--, rpeacrFttaiwclsuaelya-p.r”olysistiigvenifriecsaunlttsriasrkeina
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If greenlighted, the shots RIS vicesofficialwhohasoverseen nursinghomes,becausearesi-
wouldbegintofillabigholein OR U.S. testing efforts, said the dentwronglybelievedtohave
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the Covid-19 medicine chest D state’s action is “inconsistent Covid-19couldbeplacedinan
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fortreatmentofearlyandless- DA withandpre-emptedbyfederal areadedicatedtoinfectedpa-
severecases.Aftermoretest- EliLillyresearcherspreparedmammaliancellstoproducepossibleCovidantibodiesfortestinginMay. law and, as such, must cease tients,potentiallyexposingan
ing,theycouldoffertemporary immediatelyorappropriateac- uninfectedpersontothecoro-
protection against infections fortwotherapiesforhospital- George Yancopoulos, Regen- 300,000patientswithinafew tionwillbetakenagainstthose navirus.Nursinghomesaround
untilvaccinesarrive.Butsup- izedCovid-19patients,thean- eronpresidentandchiefscien- months. Lilly said it would involved.”Theletterwasdated thecountryhavereportedsome
plyisunlikelytomeetdemand tiviralremdesivirfromGilead tific officer, said in a recent have100,000dosesbytheend Oct.8andmadepublicFriday. false-positiveresultsfromrapid
untilnextyearattheearliest. Sciences Inc. and antibody- interview. “I think it means ofthismonth,andasmanyas Adm. Giroir defended the antigen-testing equipment. A
Monoclonal antibodies, rich convalescent plasma that there’s going to be a lot amillionbyyear’send. performance of the federally survey that nursing-home in-
which are also used to treat takenfromrecoveredcorona- of other people who come to Thesupplyprobablywon’t supplied equipment on a call dustrygroupsdidoftheirmem-
cancer and other diseases, virus patients. An antibody thatconclusion.” beenoughtogivethedrugsto withreporters,sayingthefalse- bersfoundthatmostreporting
take a page from the body’s drug could be the next agent Mr.Trumpalsosaidheen- everyone who could take it. positiveratewaslowandtheis- discordant results had only a
own soldiers for fighting tobepermittedforuse. couragedtheauthorizationof More than 44,000 Americans suecouldbemanagedbyusing few,whichwouldbeexpected,
pathogens.BothLillyandRe- On Oct. 2, Mr. Trump was antibody drugs and would werediagnosedwithCovid-19 proper procedures to confirm accordingtoasummaryofthe
generon researchers derived given a high dose of Regen- make sure patients wouldn’t onaverageeachdayoverthe results. The state’s action findings.However,asmallshare
theirdrugsfromnaturallyoc- eron’s drug, code-named havetopayforthem. past week, according to wasn’tjustified,hesaid. hadalargernumber,andthose
curringCovid-19antibodies. REGN-COV2,underaprogram Nephron Research, a health- TheNevadaDepartmentof cases should be investigated,
Each of the companies has thatallowspatientstotakeex- care-focused investment re- Health and Human Services thesummaryreportsaid.
releasedencouragingdatafrom perimental drugs outside of Trump’srecent searchfirm. didn’trespondtoarequestto In its Oct. 2 order, Nevada
early-stageclinicaltrialsshow- clinical trials. He was later “We just know that supply comment.Nevadatoldnursing said nursing homes had re-
endorsementhas
ing their drugs helped reduce giventheantiviraldrugremde- isn’tgoingtomeettheneedsof homesonOct.2tostopusing portedconfirmatorytestingon
coronaviruslevelsandimprove sivir,whichtheFDAauthorized raisedexpectations people around the world” ini- the rapid-testing equipment, 39positivecoronavirusresults
symptomsinpatientsnotsick in May, and the already ap- tially,Lilly’schiefscientificoffi- citing concerns about false- obtained from the antigen
forthetherapy.
enoughtobehospitalized.Lilly provedsteroiddexamethasone. cer,DanielSkovronsky,saidin positiveresults. equipment.Twenty-threewere
and Regeneron have already Mr. Trump’s doctors have an interview. Lilly executives Thefederalgovernmenthas foundtobenegativeinre-tests
started studies to see if their saidheissymptomfree.Ina said the federal government beensupplyingequipmentfrom donewithmolecularassays.
antibody drugs can prevent videoreleasedWednesday,the would decide who should get QuidelCorp.andBectonDickin- BectonDickinsonandQuidel
Covid-19.Giventheurgentneed, presidentattributedhisreturn Regeneron and Lilly said initial supplies, but the com- son&Co.toabout14,000nurs- saidtheywerepleasedbythe
thecompaniesaskedtheFDAto tohealthtoRegeneron’sdrug. theydidn’tknowhowlongthe panysuggestedpeopleoverage inghomesaroundthecountry, federalactionandhadfullcon-
useaspecialreviewprocessre- Independent doctors have FDAwouldtaketoreviewthe 65 years or who are obese whichcanusethemachinesto fidenceintheirequipment.Bec-
servedforemergenciessuchas cautionedagainstsinglingout requests for authorization. should be candidates because fulfillamandatetoteststaffers. tonDickinsonsaidtheNevada
pandemics and authorize use any specific factor for Mr. Lilly has been working with theyareathigherriskofwors- Theyperformpoint-of-carean- findingsshoweditssystemwas
before the therapies have fin- Trump’sfeelingbetter,oreven FDA reviewers for several eningtosevereCovid-19. tigenteststhatdon’thavetobe performingasintended.Quidel
ished all the stages of testing concludinghehasrecovered. months at a fast pace, com- Regeneron would try to senttolabsforprocessing.An- saidthatfurtherinvestigation
normallyrequiredforapproval. “The president’s team of panyexecutivessaid,andthey make sure its drug would be tigentestsfocusonviruspro- wasneededbeforeNevadatook
The FDA declined to com- medicalconsultantsandadvis- expectthatcliptocontinue. “distributedfairlyandequita- teins,whilemoleculartestslook action,andthatits“initialdue
ment about its review of the ersallthoughtthatforaper- Both companies said they bly to the patients most in forthevirus’sgeneticmaterial. diligence suggests that there
applicationsorthetimingofa son in his position, they saw have been making doses. Re- need” if it is authorized, a Any type of diagnostic or maybeissueswithsamplecol-
decision. thebenefit-riskequation,and generon said it has enough companyspokeswomansaid. clinicaltestwillproducesome lection and processing proto-
The agency has granted they thought that this might supplytotreat50,000patients —ThomasM.Burton numberoffalsepositives,labo- cols”atnursinghomesreport-
emergency-useauthorizations be a reasonable thing to do,” right now, and for a total contributedtothisarticle. ratoryscientistssay.Rapidanti- ingfalsepositives.
Europe,
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DailyreportedCovid-19cases fromJohnsHopkins.InNorth
intheU.S.,seven-dayrolling Carolina, new cases rose by
States See average morethan2,400,similartolev-
elsreachedinJulyduringthe
70,000
peak of the pandemic in the
Cases Rise 60,000 state,accordingtoJohnsHop-
kins.Anadditional16statesre-
50,000 ported1,000ormorenewcases
Thursday,thedatashows.
40,000
Expertssayschoolandcol-
ContinuedfromPageOne 30,000 lege reopenings coupled with
andnationalofficialsoverthe relaxedrestrictionsarefueling
20,000
legality of new, blanket mea- thecurrentlevelsofinfection.
surestostemthespreadofthe 10,000 “Ithinkit’sprettyclearthat
virusinMadrid,nowoneofEu- when we do relax some of
rope’sworstCovid-19hotspots. 0 those measures, we do see
Many European nations hit F M A M J J A S O spread,” said Loren Lipworth,
hard by the pandemic this an epidemiologist and profes-
spring, including Italy, Spain DailyreportedCovid-19 soratVanderbiltUniversity.
and the U.K., imposed strict deathsintheU.S.,seven-day WisconsinGov.TonyEvers,
stay-at-home orders that rollingaverage whoearlierthisweekinitiated
helpedcutthenumberofnew newrestrictionsongatherings
3,000
cases,andtheylaunchedcon- totrytolimitthespreadofthe
tact-tracingprogramsaimedat virus,urgedpeopletogetback
2,000
interceptingcontagiouspeople to the basics of prevention.
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Carrier Day
Thanks to our restaurants and schools, de- wroteonTwitter.
spite warnings from public- Note:Forall50statesandD.C.,U.S.territories LouisianaGov.JohnBelEd-
andcruises.FiguresasofOct.8,2:25p.m.ET
hardworking October10,2020 health experts that there are Source:JohnsHopkinsCenterforSystems wards said Friday his state
insufficient measures in place ScienceandEngineering facesworrisometrends,includ-
newspaper carriers! topreventoutbreaks. ing increasing numbers of
Youngerpeoplewhosocial- tainingphysicaldistance. Covid-19 patients requiring
izemorehavebecomeasource IntheU.S.,whichleadsthe hospitalization.Thestateshut
oftransmission,furtherendan- worldwithmorethan7.6mil- down community testing for
gering the older cohort who lionconfirmedcasesofthevi- coronavirusasitbracesforthe
data show are more liable to rus, more than 56,000 cases impactofHurricaneDeltaover
diewheninfected. were reported Thursday, the theweekend.Mr.Edwardssaid
Contact tracing, critical to highest daily total since mid- the state aims to fully reopen
reopening,hasbeenlesseffec- August.Morethan213,000peo- communitytestingbyMonday.
tivethanhopedinsomeEuro- pleinthecountryhavedied. In Illinois, which on Thurs-
peannationsandintheU.S. Through the week ended dayreportedmorethan3,000
Newspaper Carriers
“Themeasuresputinplace Thursday,statesreportedato- newcasesforthefirsttimein
were not cures, they were talof328,082newcases,anin- morethanamonth,Rep.Mike
pause buttons,” said Jennifer crease of more than 11% over Bost,aRepublican,announced
Nuzzo,anepidemiologistatthe theprecedingweek,and4,972 Friday he had tested positive
Johns Hopkins Bloomberg deaths.Therewere34,322pa- forCovid-19.
Continuing to play a critical role in providing SchoolofPublicHealth.“Once tientshospitalized,thehighest Federal officials on Friday
youliftthem,ifpeoplegoback totalsinceSept.3,accordingto saidtherepotentiallycouldbe
tointeracting,andiftheydoit data compiled by the Covid 100 million doses of various
Americans with a trusted source of reliable news
inunsafeways,you’regoingto TrackingProject. Covid-19vaccinesavailableby
havemorecases.” Overthepastweek,theU.S. the end of 2020 if theyprove
coverage of the issues impacting our community
This week brought rising averaged more than 46,000 safeandeffectiveenoughtoget
rates of hospitalization and newconfirmedcasesofthevi- clearedbytheFoodandDrug
and nation. deathfromthevirusacrossEu- rusaday.Thatfigureisabout Administration.
rope,alongwithcallsinmulti- 10,000higherthantheaverage ByMarchorApril,theypre-
plecountriestoreimposelock- numberofnewdailyinfections dicted, between 600 and 700
downmeasuresthatpreviously onemonthago. million total vaccine doses
had been eased. The surge in Unlikethespringandsum- should be available, officials
newinfectionswasmirroredin mer, when sharp increases in fromtheDepartmentofHealth
the U.S., where several states case numbers were driven by andHumanServicessaidata
reported sharp rises in new clusters in a handful of cities briefing. They were joined by
cases,includingWisconsin,Illi- andregions,thecurrentsurge officialsfromOperationWarp
noisandNewYork. innewcasesreflectssimmering Speed, a multiagency govern-
Public-healthexpertsinthe outbreaks spread out across ment entity set up to speed
www.newsmediaalliance.org U.S. and Europe have warned morethan20states. vaccinesandtherapeuticdrugs
against public fatigue at the California, Florida, Illinois, toAmericanpatients.
measures that can slow the Texas and Wisconsin all re- —ThomasM.Burtonand
spreadofthevirus,likewear- ported 3,000 or more cases JenniferCalfascontributed
ingfacialcoveringsandmain- Thursday, according to data tothisarticle.
THEWALLSTREETJOURNAL. **** Saturday/Sunday,October10-11,2020|A9
WORLD NEWS
Food Program Wins Nobel Peace Prize
TheU.N.’sglobaleffort best vaccine against chaos,” gencyresponseeffortatpres-
saidMs.Reiss-Andersen. ent is in Yemen, where a
wasrecognizedfor
“Thecoronaviruspandemic nearly six-year war between
fightinghungerand has contributed to a strong aninternationalSaudi-ledco-
upsurgeinthenumberofvic- alitionandIran-backedHouthi
promotingstability
timsofhungerintheworld,” rebels has caused a humani-
thecommitteesaid.TheWorld tarian catastrophe and left
BYJAMESHOOKWAY Food Program has demon- two-thirds of the population,
strated an impressive ability about20millionpeople,food
The United Nations World to intensify its efforts in the S insecure.Thisyear,theWFPis
GE
Food Program was awarded faceofthecrisis,itadded. A aiming to provide 13 million
M
the Nobel Peace Prize for its Ms.Reiss-Andersenwarned YI Yemeniswithfoodassistance.
effortstocombathungerand that the multilateralism that GETT Friday’sawardcomesasthe
prevent it being used as a helpedestablish the U.N. and SSE/ WFP warns of the threat the
weaponofwar. agencies such as the WFP is RE pandemicwillhaveonthede-
P
mitTtheeesNaoidrwtheegiWanFNP’osbweolrCkotmo-- uginndetrothgroeatthaesircoouwnntriewsayb—e- ANCE- vimelpoapcintgofwtohreldv,iarsusthpeueschoensommiilc-
R
wcaanrdheplprotvoidiminpgrofovoedprsoescpuercittys sTorummetphhinagsbeethnaatccuPseredsoidfefonrt GENCEF lfiooonds-sinutpopplyovneerttwyoarnkds.disrupts
for stability and peace, and his “America First” foreign A/A DavidBeasley,theexecutive
notedhowithastakenthelead policy,despitetheU.S.’sstrong MB director of the WFP, said the
in combining humanitarian financialsupportfortheWFP. RU awardisahumblingrecogni-
A
work with peace efforts in “When you follow interna- YK tionoftheworkoftheorgani-
N
SouthAmerica,AfricaandAsia. tional debate and discourse, O zation’s staff who lay their
T
The committee chair- it’sdefinitelyatendencythat WorkerscarrycartonsoffoodinaSouthSudanwarehousethatwillbeshippedinaWFPplane. livesonthelinetobringfood
woman,BeritReiss-Andersen, internationalinstitutionsseem assistance to nearly 100 mil-
said she hoped the award to be discredited more than, nor.Washington’scontribution announcingtheaward,Ms.Re- said, operating in countries lionpeoplearoundtheworld.
woulddrawmoreglobalatten- let’s say, 20 years ago,” Ms. in 2020, as of Oct. 3, was iss-Andersen described how suchasSyria,NorthKoreaand “Today is a reminder that
tiontotheproblemofhunger Reiss-Andersensaid. $2.73billion—some43%ofthe manyagenciesintheU.N.net- Yemen,wheremanyotheror- food security, peace and sta-
asthepandemicupsetssupply WFP’sfundinghasheldup total $6.35 billion donated, workarefindingithardtoget ganizations struggle to gain bility go together,” he said.
chains and diverts resources better than that of some or- WFP figures show. Germany financialbacking,sayingthere access.“Butitisevidentthat “Without peace, we cannot
tostemmingthespreadofthe ganizations,however,andhas wasthenextlargestcontribu- isn’tasmuchstatesupportas theorganizationisdependent achieveourglobalgoalofzero
disease. enjoyed significant backing tor, with $964 million. China therewasinthepast. on funding to carry out its hunger; and while there is
“Until the day we have a fromtheU.S.,whichhascon- provided$4million. TheWFP,though,isableto tasks,”shesaid. hunger, we will never have a
medical vaccine, food is the sistently been its largest do- Speakingtoreportersafter perform at a high level, she The WFP’s largest emer- peacefulworld.”
China Joins Effort to Provide Vaccines to Poor Nations
BYSAEEDSHAH cines to poor countries, is Still,China’spurchasebrings Japanareamongthesupport- 2021,focusingonimmunizing focusonbilateraleffortswith
ANDDREWHINSHAW seenbyexpertsasanattempt inmoreoftheupfrontfinanc- ers of Covax. Until now, the health workers and the most internationalpartnersandthat
to step into a global-leader- ingthatCovaxneedstostrike U.S.,ChinaandRussiahadall vulnerablepartsofthepopula- it would consider supplying
Chinawilljoinaglobaleffort ship role in the coronavirus deals with vaccine makers, stayedaway. tion. Richer countries as a vaccinestoothercountriesaf-
todistributeCovid-19vaccines pandemic—aroletheU.S.has whichhaveseenmostoftheir Covax has struggled to whole already have bought terAmericansareimmunized.
topoorercountries,Beijingsaid oftenassumedinpastcrises. future supply preordered by compete with deep-pocketed more doses than their entire AnofficialfromChina’sNa-
Friday, making it the most “Thisisagreatopportunity wealthy governments. It also populationscombined. tional Health Committee said
prominentnationtotakepart forChinatofinditsvoiceand representsadiplomaticgesture Sofar,themainbackersof last month that China can
inaWorldHealthOrganization encourageandchallengeoth- ofsupportforCovax,whichwas Itisthemost CovaxhavebeentheEuropean reach an annual capacity of
initiativetheU.S.hasrebuffed. ers with a vision for global meanttobethemainsourceof Union,U.K.,Japanandthepri- 610milliondosesbytheendof
prominentcountry
Nations around the world health,”said JeromeKim,di- avaccineforallnations. vate Bill and Melinda Gates thisyearandrisetomorethan
areracingtobuyupsuppliesof rector of the International “Thisisverypositivenews, totakepartinthe Foundation. China’s commit- one billion doses next year.
Covid-19 vaccines even before VaccineInstituteinSeoul. whichgivesevenmoremomen- mentstoCovaxremainfarless Four Chinese vaccines are in
WHOinitiative.
anyhavebeenprovedsafeand China’s government will tum to our efforts,” a GAVI thanthoseoftheU.K.,France thefinalstageoftrialsontens
effectiveinclinicaltrials.Richer buy 15 million doses of a fu- spokeswoman said. It “means ortheGatesFoundation. ofthousandsofvolunteersin
countriesalreadyhavesecured ture vaccine from Covax, its wenowhavethefinancialback- The U.S. last month ruled countriesincludingtheUnited
most of the initially available foreign ministry said. Those ing to make further deals for outjoiningCovax.TheTrump ArabEmirates,Brazil,Indone-
manufacturingcapacitybypay- doseswon’tbesenttodevel- dosesofpromisingcandidates.” countries to reserve vaccines administrationsaiditwouldn’t sia and Pakistan. The U.A.E.,
ingforthevaccinestobepro- opingnations;theywillgoto Theinitiativeseekstodis- astheyareproducedinlarge be“constrainedbymultilateral whereoneofthetrialsisnear
ducedaheadofthetrialresults. Chinese citizens, especially tribute vaccines to countries quantities next year. The ini- organizationsinfluencedbythe completion, last month be-
China’s signing on to the thosemostatrisk,according that can’t produce or easily tiative seeks to buy enough corrupt World Health Organi- camethefirstforeigncountry
Covax initiative, the main toGAVI,apublic-healthorgan- purchase them on their own. vaccinestocover20%ofpeo- zationandChina.” toapproveemergencyuseofa
global effort to provide vac- izationinvolved. TheEuropeanUnion,U.K.and pleindevelopingcountriesin TheU.S.saidthatitwould Chinesevaccine.
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A10|Saturday/Sunday,October10-11,2020 THEWALLSTREETJOURNAL.
****
WORLD NEWS
Civilians Suffer in Enclave Battle
Kyrgyz
President
Residentsendure
Declares
bombings;someflee
asArmenia-Azerbaijan
State of
conflictintensifies
BYANNM.SIMMONS Emergency
Beforetheshellingbegan,a
55-year-oldwomanwascaring BYTHOMASGROVE
forherdisabledhusband.Anen-
gineerrelaxedathomewithhis The president of the Cen-
children.Afashiondesignerwas tral Asian country of Kyrgyz-
workingonanewcollection. stanorderedastateofemer-
Now, their lives have been gencytobeintroducedinthe
disruptedbyawaveof fight- capital,callingonthemilitary
ing between Armenia and toestablishcheckpointsinthe
Azerbaijan over the disputed citycenter,astheformerSo-
enclaveofNagorno-Karabakh.GES viet republic entered its fifth
Formany,theirday-to-dayex-MA dayofchaosfollowingapar-
I
issctreanmcbelehfaosrsuturrvniveadlthinattohaasGETTY llieagmateinotnasryofvovotetemrafrrareudd.byal-
stirredfearsofareturntotheSSE/ Kyrgyzstan has been the
bloodbathofthe1990s. RE subjectofcompetinginterests
P
Localofficialsandaidwork-NCE- from Moscow, Beijing and
ers in this volatile corner ofRA Washingtonsinceindependence
F
the South Caucasus say theyNCE in1991.Thecountrywashome
worry that waves of civiliansGE to a U.S. military base during
A
ceonuinldgsvoioolnenbceeftleheaitnaglrtehaedwyohrass-KILIC/ mstaunch,bouftitthweawsacrloisnedAifngh2a0n1i4-
claimeddozensoflives,raisingNT followingpressurefromRussia.
theprospectofahumanitarianULE The country, which has
B
crisiswithlittleendinsight. ResidentscleanedupafteramissilehitGanja,Azerbaijan,nearthedisputedNagorno-Karabakhprovince’scapitalStepanakert.Below, maintained good relations
Foralmosttwoweekssince smokeroseaftershellinginStepanakertonFridayduringongoingfightingbetweenArmeniaandAzerbaijanovertheenclave. withRussia,isamemberofa
clasheserupted,SiranushBag- collective-defense alliance
dasaryan has been sheltering of indiscriminate shelling of “I’ve been crying for 10 with Moscow and several
from the aerial bombardment civilians and civilian infra- days,”shesaid.“Thechildren otherformerSovietrepublics.
withherdisabledhusbandand structure,includinghospitals are afraid. My 3-year-old TheKremlinhasanairbasein
teenagesoninthebasementof and schools, on both sides of grandsoncriesatnight.” Kyrgyzstan and has consid-
theirapartmentbuildinginNa- thecontactlinethatseparates S Armenia’sforeignminister, ered plans to expand it. The
gorno-Karabakh’s largest city, ArmenianandAzeriforces. AGE ZohrabMnatsakanyan,saidin countryalsohostsseveralfor-
M
Stepanakert.Theyhavehuddled “Astheescalationworsens, I an interview that Azerbaijan eign-ownedgoldmines.
Y
wiwniagttheortnhearnetdoeitolaettkh,ienwrgafatsumhriinnligsestio,nshchoeaalrdt- coEiftveitrlhiiaenMssuuarsrgaeeybeielnyaartnhine,gavtihoselpebonrkcueens,”t- RESSE/GETT wpanoadwsedinredmaisnocdrraimmliziinsesacitlieevlsiylituaonsistn.agrgaeirt VtolaWidnihtmeilriervePnRueutisinnsiahtnhasenPc’trreimssiisod,vehendet
foo“dWoen’raesainfrgaliedgtaosbleuarvneer.be- wCoommmanittfeoerotfhethIentReerdnaCtiroonsasl, NCE-P thrTohwen thfieghlitviensgofhhausndraeldsos swaaids aelaarrlmieredthbisywtheeekdethvaetlohpe-
A
cause if we go outside there saidinanemailfromYerevan, FR ofAzerisintoturmoil. ments, which were also dis-
could suddenly be bombing,” theArmeniancapital. NCE OnOct.4,Azeriauthorities cussed at Russia’s Security
Ms. Bagdasaryan, 55, said by “We have seen a surge in AGE reported that the country’s Council,abodythatMr.Putin
phonefromherbuilding’sbase- attacksusingheavyexplosive NIS/ second-largestcity,Ganja,had headsandthatcombinesRus-
ment. “We can hear it, some- weaponryonpopulatedareas,” SSI comeunderarocketattackin sia’s intelligence and law-en-
timesclose,sometimesfar.” said Ilaha Huseynova, her ME which one person was killed forcementagencies.
S
ThegovernmentsofArmenia counterpartinBaku,theAzeri ARI andmorethan30wounded. The events demonstrate
and Azerbaijan have accused capital.Shesaiditisnowdiffi- NusiravanIbragimov,a57- “the difficulty, the confusion,
eachotherofsparkingthehos- cult for aid workers to move thattheorganizationwasdis- “Most of them come barefoot year-old engineer, was at thechaosofthesituationnow
tilities, which began Sept. 27. aroundbecauseofthefighting. tributingcashassistance. inwhatevertheywerewearing home with his family the in Kyrgyzstan,” Kremlin
The enclave has long been a Authorities in Nagorno- “Wherebuildingshavebeen whentheyleft,”shesaid. morningtworocketsexploded spokesmanDmitryPeskovsaid.
boneofcontentionbetweenthe Karabakh said the conflict so destroyed,peopleareexposed Her group has helped in their neighborhood in Sunday’selectiongaveonly
two former Soviet republics, far has cost at least 21 lives tothedangersofunexploded around2,000people,shesaid. Ganja,destroyingtheirthree- two political parties—both
whichstartedfightingforcon- andinjuredmorethan80peo- ordnances,” Ms. Musayelyan They also match displaced bedroom house and most of close to President Sooronbai
trol of Nagorno-Karabakh in ple.TheAzeriprosecutor’sof- said.“Manyfamilies,including people with residents willing theirbelongings.Hiswifewas Jeenbekovandhiscircle—the
1988andengagedinfull-scale fice has put the country’s ci- babiesandyoungchildren,are tohostoraccommodatethem. in the kitchen and was right to enter parliament,
warfrom1992untilacease-fire vilian fatalities at 31 as of also spending the days and Someevacueesworryabout knockedtothefloorbyshrap- sparking riots by opposition
in 1994. Six years of conflict Thursday,with154injured. nightsshelteringinunheated whether they will be able to nelandglassthatinjuredher groups that forced Mr. Jeen-
costsome30,000lives. Aidofficialsfearworseisto basements.” return to Nagorno-Karabakh. right leg and put her in the bekovtofleethepresidential
Today, the region is popu- comeasfamiliestrytoprotect SomeresidentsintheArme- Ira Avanesyan, 56, lost her hospital for three days. His palace.Votemonitorsfromthe
latedandcontrolledbyethnic themselvesfromthepandemic. nian capital are doing what homeinStepanakerttwicebe- children, ages 21 and 15, suf- OrganizationforSecurityand
Armenians, who are mostly Confirmed infections are ap- they can to help an influx of fore during previous clashes feredscrapesandscratches. CooperationinEuropesaidthe
Christian.Butitisinternation- proaching95,000acrossArme- people arriving in Yerevan to between the two former So- “Thekidsareanxious,”said electionwastaintedbycredi-
allyrecognizedaspartofAzer- niaandAzerbaijan,accordingto escape the bombardments. vietrepublics.Aboutoffight- Mr.Ibragimov,whosefamilyis bleallegationsofvotebuying,
baijan, a predominantly Mus- theWorldHealthOrganization. Twenty-five-year-old fashion ing in 1992 claimed her hus- shelteringwithrelatives.“Now andtheresultswerelateroffi-
limnationthathaslongsought Ms. Musayelyan said the designer Sonya Avagyan is band’slife.Now,shefearsshe iftheyevenhearsomeknock- cially overturned by the cen-
to regain the sovereignty it Red Cross, a neutral party in among a 300-strong group of mightneveragainseeher32- ing,theyimmediatelyrunout tralelectioncommittee.
held over Nagorno-Karabakh the conflict, had provided volunteers who have distrib- year-oldsonandtwobrothers, intothestreet.Civilizedpeople Following calls for Mr.
duringtheSovietera. emergency supplies to Na- utedfoodandprovidedfirstaid whoremainedinStepanakert don’t launch rockets in broad Jeenbekovtoresign,members
Eachsideaccusestheother gorno-Karabakh.Ms.Ilahasaid tothosewhofledtheshelling. tofightasvolunteers. daylighttomakepeoplesuffer.” of opposition parties held
competing rallies Friday in
which fights broke out and
Chinese Exports to U.S. Get a Pandemic Lift
eyewitnesses said they heard
gunshots. Pictures from the
capital, Bishkek, showed
storesboardinguptheirwin-
BYLIYANQI eight months compared with Abouttwo-thirdsofChina’s compared with the previous in the business of importing dowsastensionsincreased.
theyear-earlierperiod. exportgrowthinJulyand year. The global lockdowns Chinese medical products to Mr.Jeenbekov,whoaccused
Chineseshipmentsofvirus- Almost all of these items Augustcamefromvirus- “playedtoChina’smanufactur- theU.S.Hehadreturnedtohis theoppositionofusingtheelec-
relatedgoodstotheU.S.have havebeentargetedbyTrump relateddemand,suchasmasks ingstrength,”hesaid.U.S.tar- home in Utah late last year tionasapretexttogainpower
helped the country offset administrationtariffs,though andwork-from-homeaids. iffs exemption on medical fromShanghai.Whenthepan- illegally, replaced the head of
sharp drops in its top export someitemshavebeengranted goodsfromChinaalsohelped. demic struck, he couldn’t go Kyrgyzstan’sarmedforcesFri-
Contributiontooverall
categories due to Washing- exemptions. The president of an East backandhisbusinessclosed. dayandinameetingwiththe
exportgrowth
ton’s tariffs and the global Despite the sharp drops, Coast-based import firm, WithanacutePPEshortage newheadoftheJointChiefsof
economicdownturn. China’s total exports to the 0% which for decades had been as the virus spread widely in Staff, Taalaybek Omuraliev,
ThetradepacttheU.S.and U.S. were down by only 3.6% importing Chinese products theU.S.,Mr.Reinsaidhiscom- askedhimtotaketotalcontrol
ChinasignedinJanuaryleftin inthefirsteightmonthsfrom fromvacuumcleanerstotoys, pany managed to purchase ofthesituationinthecapital.
–10
place U.S. tariffs on about the2019period,Chineseoffi- has found himself hampered morethanfourmillionmasks, “Asheadofthegovernment,
$370billioninChinesegoods, cial data showed. As China Medicalsupplies, bytariffsofupto25%onChi- handsanitizersandotherper- I am making every effort,
roughlythree-quartersofthe bouncedbackfrompandemic –20 clothmasks nese goods, though he has sonalproductsfromChina.He based on my constitutional
country’s exports to the U.S. lockdowns earlier than the Electronicdevices managedtogetexemptionson soldmostofitdirectlytohospi- rights,toguaranteepeacefor
Nonetheless, China’s exports rest of the world, activity –30 Allotherexports anumberofitems.Thisyear, tals.StillintheU.S.,heisnow the people,” he said in the
to the U.S. have increased in picked up. In July, exports to hestartedimportingpersonal- sellingChinesemasksandhand meeting,Interfaxnewsagency
recent months, a resilience theU.S.jumpedby13%froma protection products from sanitizersdirectlytoconsumers. reported. “We are obliged to
–40
thathassurprisedeconomists. yearearlier,followedbya20% Chinaforthefirsttime.Hede- Whenpandemicrestrictions urgently take control of the
U.S. Census data released riseinAugust.Septemberfig- F M A M J J A clined to say how big a part ease, and stimulus money situationandkeepthepeace.”
Tuesday showed that of the uresaren’toutyet. Source:TSLombard such products are of his im- driesup,thespendingonChi- Unlike other countries of
top 10 categories of Chinese Another important factor portsnow. nese products is likely to Central Asia that have long
exports to the U.S. in 2019, was virus-related de- textiles that includes cloth U.S.Censusdatashowedthat wane,saidMr.Green. been ruled by authoritar-
eightshowedsharpdropsthis mand. Personal-protection masks.Basedonthosecatego- atextilecategoryofChineseex- Some former Chinese offi- ian leaders or their chosen
yearthroughAugust. equipmentandelectronicde- ries,betweenMarchandJune, portstotheU.S.thatincludes cialscautionedagainstreading successors, Kyrgyzstan has
Clothing exports dropped vicesrelatedtoworkingfrom theonlygrowthcamefrompan- face masks rose 156% in the toomuchintotheexportmo- seen power change hands a
46%,footwearfell40%,while home, such as laptops, ac- demic-relateddemand,hesaid. firsteightmonthsofthisyear. mentum.InaSeptemberessay, number of times since inde-
furnitureandtoysfell26%and counted for about two-thirds China’sexportsgloballyhas Strippingoutotheritemsinthe ZhangYanling,aresearcherat pendence,includingtworevo-
22%, respectively. Together of the export growth in July benefitedbothfromitsability category shows cloth masks theChongyangInstituteofFi- lutionsin2005and2010.
theseproductsmadeupabout andAugust,saidRoryGreen,a toreopenfactoriesfasterthan surged465%intheperiod. nancial Studies, a Beijing- Before he introduced the
one-fifth of the country’s ex- Seoul-based economist at re- other countries, as well as its InMarch,ScottRein,presi- basedthinktank,wrotethatit stateofemergency,Mr.Jeen-
portstotheU.S.lastyear.Elec- searchcompanyTSLombard. ability to provide massive dentofWesternMedicalCon- wasevidenceoftheresilience bekov said Friday he would
tricmachineryincludingaudio Hisestimatesarebasedona amounts of the products sulting&SuppliesLLC,which oftheChineseeconomyinthe heed calls to resign if parlia-
andTVequipment,China’stop product breakdown covering neededtofightthecoronavirus. providesmedicalexpertiseto faceofapandemic,butcalled ment could establish a new
exportcategorytotheU.S.last medical equipment, electronic Thecountryposteda9.5%rise Chineseentitiesincludinghos- thefutureuncertaingiventhe cabinetaccordingtoconstitu-
year,dropped19%inthefirst devices and a subcategory of inoutboundshippinginAugust pitals,suddenlyfoundhimself U.S.-Chinarelationship. tionalprocedures.
WORLDWATCH
SPAIN infectionsaday,comparedwith PAKISTAN cerns.ItisfacingabanintheU.S. MALI shedescendedfromtheplaneat
alowof134casesinJune. inNovemberifitdoesn’tseala theVillacoublaymilitaryairport
Emergency Declared Indecent Content French Aid Worker
Thecountrywasoneofthe dealwithOracleintendedtosafe- southwestofParis,whereshe
As Covid Cases Soar worst-hitintheworldinthe Cited in TikTok Ban guardthedataofU.S.users. Taken Hostage Freed wasgreetedbyFrenchPresident
spring,as27,000peoplediedof Pakistan’stelecommunications EmmanuelMacron.Shemet
Spaindeclaredastateof Covid-19betweenMarchandlate PakistanbannedTikTokon regulatorsaidthatsomecontent A75-year-oldFrenchaid withMr.Macronforaboutan
emergencyinamovethatwill June.Anationwidelockdown Fridayforcarryingwhatitcalled carriedonTikTokbrokethelawin workerheldhostageforfour hourattheairport.Theydidn’t
allowittoextendapartiallock- helpedcontainthespread,butin- indecentcontent,makingitthe Pakistanforbeingimmoraland yearsbyIslamicextremistsin speaktothepress.
downonMadrid,wherehospitals fectionshavesurgedsincethe latestcountrytorestrictthe indecent.Repeatedrequeststo MaliwasreunitedFridaywith Ms.Petroninwasreleased
arefillingagainwithCovid-19pa- summer,whenSpainreopenedin wildlypopularChinesevideo- theapptofilteroutthecontent hergrandchildreninFrance,as daysaftertheMalireleased
tientsandlocalauthoritieshave abidtosalvageitstourismindus- sharingapp,whichisalsobat- hadn’tworked,theregulatorsaid. relativesalsowelcomedhome nearly200Islamicmilitantsinan
resistedfreshrestrictions. try.TheMadridareahasamong tlingbeingblockedintheU.S. TikTokispopularinPakistan, twoItaliansandaMalianpoliti- apparentprisonerexchangethat
Spainisonceagainatthe thehighestinfectionratesonthe IndiabannedtheappinJune turningordinarypeopleintoceleb- cianfreedwithherthisweek. somenowfearcouldfurtherde-
centerofasurgeincoronavirus continent. alongwithdozensofothersfrom ritiesovernight,withwackyvideos. RelativesenvelopedSophie stabilizethevolatilecountry.
casesinEurope,with7,000new —MariaMartinez China,citingcybersecuritycon- —SaeedShah Petronininahugeembraceafter —AssociatedPress