The Wall Street Journal - 10 12 2020

2020·13.45 MB·English

THURSDAY, DECEMBER 10, 2020 ~ VOL. CCLXXVI NO. 137 WSJ.com HHHH $4.00
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DJIA30068.81 g105.07 0.3% NASDAQ12338.95 g1.9% STOXX600 394.90À0.3% 10-YR.TREAS. g 8/32, yield0.939% OIL $45.52 g$0.08 GOLD$1,834.60 g$36.20 EURO $1.2084 YEN104.23
Facebook Hit With Antitrust Suits
What’s
News
U.S., 46 states target chokecompetition. Collectively, the cases reflect serted that Facebook “has Vice President and General
The FTC’s sweeping anti- U.S.concernaboutthepowerof used its dominance and mo- Counsel Jennifer Newstead.
Instagram, WhatsApp
trustcaseseekstoforceFace- dominantonlineplatforms. nopolypowertocrushsmaller “People and small businesses
purchases, as well as booktounwinditsacquisitions “Facebook’s actions to en- rivals and snuff out competi- don’tchoosetouseFacebook’s
Business&Finance
of WhatsApp and Instagram, trench and maintain its mo- tion,allattheexpenseofev- freeservicesandadvertisingbe-
tactics against rivals
twoofitslandmarkdeals.The nopoly deny consumers the erydayusers,”andmade“bil- cause they have to, they use
T statesfiledaseparateandsim- benefitsofcompetition,”said lions by converting personal thembecauseourappsandser-
heFTCand46states BY BRENT KENDALL ilarlawsuit,allegingalackof Ian Conner, director of the dataintoacashcow.” vicesdeliverthemostvalue.We
suedFacebook,accus- AND JOHN D. MCKIN competition has harmed con- FTC’sBureauofCompetition. Facebookfiredbackbynot- aregoingtovigorouslydefend
ingthesocial-mediacom- sumers,includingbyweaken- “OuraimistorollbackFace- ingtheFTChadpreviouslyap- people’sabilitytocontinuemak-
panyofbuyingandfreez- WASHINGTON—TheFederal ingprivacyprotections. book’s anticompetitive con- proved the Instagram and ingthatchoice.”
ingoutsmallstartupsto Trade Commission and 46 Thelawsuitscomeweeksaf- duct and restore competition WhatsApptransactions. The FTC voted 3-2 to file
chokecompetition.A1 states sued Facebook Inc. on ter the Justice Department so that innovation and free “Thegovernmentnowwants thelawsuit,whichcameafter
Wednesday, accusing the so- broughtacaseallegingGoogle competitioncanthrive.” a do-over, sending a chilling aninvestigationthatstretched
(cid:2)DoorDashsharessurged
cial-mediagiantofbuyingand wasillegallymaintainingamo- NewYorkAttorneyGeneral warning to American business morethanayear.Theagency’s
86%intheirstock-market
freezingoutsmallstartupsto nopoly in its search business. LetitiaJames,aDemocrat,as- thatnosaleiseverfinal,”said PleaseturntopageA4
debut.Themeal-delivery
companyendeditsfirst
tradingdayvaluedat DoorDash
about$71.8billion.A1
(cid:2)Airbnbpricedsharesin
itsIPOat$68apiece,setting Brings
avaluationofabout$47bil-
lionbasedonafullydiluted
sharecountandincluding Big Gains
proceedsoftheoffering.A1
(cid:2)AT&Treceivedbidsfor In Debut
itsDirecTVunitvaluingthe
satellite-TVserviceatmore
than$15billionincluding Of Shares
debt,accordingtopeople
familiarwiththematter.A1
(cid:2)GEagreedtopaya$200
millionpenaltytosettleSEC BYMICAHMAIDENBERG
claimsthatitmisledinvestors
byfailingtodiscloseprob- DoorDashInc.deliveredfor
lemsinitsgas-turbinepower investors, surging 86% in its
andinsurancebusinesses.B1 stock-market debut on
Wednesday.
(cid:2)AppleandGooglewillban
Theseven-year-oldcompany
thedatabrokerX-Modefrom
endeditsfirsttradingdayval-
collectinglocationinformation
ued at about $71.8 billion,
drawnfrommobiledevices
higher than many of the res-
runningtheiroperatingsys-
taurantcompaniesthatdepend
temsafterrevelationsabout WS onitscouriers.
itsnational-securitywork.B1 NE DoorDash’s shares opened
G
(cid:2)U.S.stocksdeclined, BER Wednesdayafternoonat$182
withtheDow,S&P500and OM each on the New York Stock
O
Nasdaqlosing0.3%,0.8% BL Exchange, 78% above their
and1.9%,respectively.B11 HT/ higher-than-expected initial
G
RI publicofferingprice.
(cid:2)Starbucksappointedin- W
Y The stock ended trading at
vestorMellodyHobsonasits T
CompaniesarerampingupeffortstoprovideequipmentneededforthedistributionofCovid-19vaccinesacrosstheU.S.Above, $189.51, giving it a market
nextchairwoman,positioning
ultralowtemperaturefreezersareassembledWednesdayattheSo-LowEnvironmentalEquipmentCo.facilityinCincinnati. value—onafullydilutedshare
thechaintobeamongthe With Vaccine Set to Roll Out,
count—thatsurpassesthecom-
biggestU.S.firmswithaBlack
binedworthofChipotleMexican
personleadingitsboard.B1
Grill Inc., Domino’s Pizza Inc.
(cid:2)CampbellSoupsaida andDunkin’BrandsGroupInc.
surgeinsalesbroughtonby States Prioritize Who Gets It The San Francisco-based
thepandemicisreceding.B3 companyhasneverturnedan
annual profit, but a surge in
World-Wide
demand during the Covid-19
pandemichashelpedtotrans-
formit.
(cid:2)TheU.S.isabouttolaunch Revenue and orders at
oneofthemostdaunting TheU.S.isabouttolaunch clearance,2.9milliondosesare summer,officialshavesaid. DoorDash more than tripled
public-healtheffortsingener- oneofthemostdauntingpub- settobesentouttoallstates The Covid Fight But state vaccination plans this summer and fall, com-
ations:swiftlydistributinga lic-health efforts in genera- andtheDistrictofColumbia.For (cid:2)GregIp:‘Light’lockdowns vary widely and leave many paredwiththeyearbefore,as
Covid-19vaccineacrossall50 tions: swiftly distributing a most,thatinitialshipmentwill lesscostly,lesseffectiveA2 questions unanswered. Health consumers tired of prepping
states,eachofwhichwillde- Covid-19vaccineacrossall50 be enough to inoculate a little (cid:2)CanadaapprovesPfizer, officialsarehavingtoprioritize food at home and ordered
terminewhogetspriority.A1 states, each of which will de- under1%oftheirpopulations. BioNTechshot..................A9 amonggroupsincludingolder moremealsfordelivery.
(cid:2)Canadabecamethethird terminewhogetspriority. A federal official said (cid:2)Asiagrappleswithrisein adults, teachers and minority A push into the suburbs
countrytoauthorizeuseof Wednesday that an additional infections.........................A10 communitiesdisproportionately alsohashelpedDoorDashbe-
thevaccineproducedby ByDanFrosch, 2.9milliondoseswouldbeheld affected by Covid-19. Many comethemarketleaderinU.S.
PfizerandBioNTech.A9 ElizabethFindell back and shipped about three statesalsofacechallengesget- fooddelivery.
andPeterLoftus weekslaterforthoseinitialvac- otherhealth-careworkerswho tingthevaccinetodramatically Founded in 2013 by Tony
(cid:2)Aflurryofcompeting
cinerecipientstogetthesecond interactwithinfectedpatients. different populations, from Xu,whoemigratedfromChina
proposalsforanothercoro-
Assoonasthisweekend,the of the two-dose regimen, and As more doses are shipped, crowded and diverse cities to withhisparentswhenhewas
navirusreliefpackagerico-
FoodandDrugAdministrationis another500,000dosesfromthe manysaidtheywouldgivepri- isolatedruraltowns. 5 years old, DoorDash now
chetedaroundtheCapitolas
expectedtograntemergencyap- initialsupplywouldbeheldin oritytoresidentsoflong-term- Andtheyhavetodoitwhile must defend its nearly 50%
lawmakershuntedforways
proval to a Covid-19 vaccine reserveincaseproblemsarise. carefacilitiesnext.Thebulkof copingwithasurgeincorona- U.S.marketshareinthecom-
toresolveathornydebate
from Pfizer Inc. and BioNTech Moststatesaregivingtheini- thepopulationisexpectedtoget virus cases already straining petitivefood-deliveryindustry
overliabilityprotections.A3
SE. Within 24 hours of that tialbatchtodoctors,nursesand the vaccine in the spring or PleaseturntopageA8 PleaseturntopageA10
(cid:2)Bidenplanstonominate
KatherineTaiasU.S.Trade
Representative,turningto Singing in the Airbnb Challenged by Angry Neighbors
atradelawyerwithexper-
tiseonChinaandproven Shower Gets
diplomaticskills.A3
(cid:2)Biden’ssonHuntersaidthe Some Help
U.S.attorney’sofficeinDela- Unfavorablelocalregulationsloomascompanybeginstradingpublicly
wareisinvestigatinghistax
i i i
affairs,puttinghisfinancial
dealingsinthespotlight.A4 AirPodsentera BY PREET RANA Airbnbsharesarescheduledtobegin ablelocallawsisamongitsbiggest
tradingonThursdayontheNasdaq challengesintheU.S.andaroundthe
(cid:2)Immigrantchildrenand new,wetfrontier— Inthedozenyearssinceitwas StockMarketafteraninitialpublicof- world.
familiesareagainheading founded,AirbnbInc.hasmovedinto fering.Thecompanypriceditsshares ManySiliconValleytechgiantshave
northtotheU.S.-Mexico oftenbyaccident hundredsofU.S.cities,transforming at$68apieceonWednesday,according battledregulatorsinWashington,D.C.,
borderinincreasingnum- manyofthemintovacation-rental topeoplefamiliarwiththematter,set- andstatecapitals.Airbnb’sfightsare
bersfollowingalull.A3 meccas. tingavaluationofabout$47billion breakingoutcitybycity.Forthecom-
BYKENNYWASSUS Inresponse,residentsacrossthe basedonafullydilutedsharecount pany,theoppositioncouldyield
(cid:2)Japanplanstodevelop
countryhaveratchetedupgrass-roots andincludingproceedsoftheoffering. slower-than-expectedgrowthand
missilesthatcanreachNorth
DevenMachette’spost-run effortsaimedatkeepingauthorityover Airbnbhaswarnedprospectiveinves- highercostsiflocalauthoritiesimpose
Korea,partofadefense
routine began like any other. short-termrentalsinthehandsof torsthatmanagingitssuccessinthe restrictionsonshort-termrentals.
buildupthatwouldgiveTo-
Sheatesomeblueberryvegan townsandcities. faceofangryneighborsandunfavor- PleaseturntopageA12
kyotheabilitytostrikeifit
pancakes, turned on the
anticipatesanattack.A10
shower,waiteduntilitbecame
INSIDE
(cid:2)Macron’sgovernment appropriatelyscorching,then Bids Top $15 Billion
proposedlegislationtooutlaw jumped in. That’s when she
abroadarrayofactivityin feltit:herAirPodsstillinher
Francethatitdefinesasforms ears. For AT&T’s DirecTV
of“Islamistseparatism.”A11 “I completely forgot they
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lapse, like forgetting sun- Amongthetopbidderswere while relinquishing control
> glassesareonyourhead.For THEMIDDLESEAT U.S.NEWS Churchill Capital Corp. IV, a evenasitmaintainsamajority
others, they are a deliberate Despiteobstacles, HunterBidensayshe blank-check company run by stakeinthebusiness.
choice, a modern take on the airlinesaddmore isthesubjectofa former banker Michael Klein, TheWallStreetJournalre-
showerradio. and private-equity firm TPG, PleaseturntopageA11
long-haulflightsto federaltax
IntroducedbyAppleInc.in thepeoplesaid.ApolloGlobal
s2020DAollwRJigohntessR&esCeormvepdany,Inc. 2016,AirPodswentfrombeing theirschedules.A14 investigation.A4 ManagementInc.,longseenby (cid:2)SonytobuyAT&Tstreaming
PleaseturntopageA12 manyasthefront-runner,sub- serviceCrunchyroll...................B4
A2|Thursday,December10,2020 THEWALLSTREETJOURNAL.
****
U.S. NEWS
CAPITAL ACCOUNT | ByGregIp
‘Light’ Lockdowns Less Costly, Less Effective
Globalstock reversetheriseininfections. FrenchCovid-19 Changeinmobilityin Purchasingmanagers requirements,leadthecountry
marketscra- Francehasjustdemon- deathsandcases FrancesinceJanuary indexes†forFrance inrecentpercapitadeaths.
teredwhen stratedthatlighterlockdowns ButRhodeIsland’sdeathrate
Deaths(total)* Retail&recreation Construction
thefirstwave canwork.AttheendofOcto- isalsonearthetopevenasit
ofCovid-19in- ber,aspercapitacasessky- Cases(permillionpeople)* Workplaces Manufacturing Services hasrequiredmaskssincethe
fectionsshut rocketed,PresidentEmmanuel 1,000 0 60 springandlimitedsocialgath-
downworldeconomies.The Macronimposedanewlock- eringsinlateOctober.
currentwavebysomemea- down.Itbegantoeaseafter 800 Lockdown -20 50 I
suresisworse,butmarkets onemonth,comparedwith ndianaUniversityecono-
havebarelyshrugged. twomonthsforthefirstone, 40 mistKosaliSimonandco-
Partlythat’sbecausewith anditcoveredfewersectors. 600 -40 authorsfoundthatstate
effectivevaccinesheadedfor “Inthespring,forabout andlocalsocial-distancingor-
30
approval,theendisinsight. twoweeks,constructionac- dersexplainedonlyabout
400 -60
Butitalsoisbecausegovern- tivitynearlytotallystopped,” 40%ofthedeclineinmobility
20
mentshavetriedtoapplythe saidHeleneBaudchon,senior inthespring,andliftingthem
lessonsofthespringbyim- economistatBNPParibas—a 200 -80 explainedevenlessofthe
10
posingshorterandlessstrin- reasonFrance’seconomysuf- subsequentriseinmobility.
gentrestrictions,ornoneat feredmuchmorethanGer- Lockdown Thatsuggestspersonalper-
all.Theeconomichithasthus many’s.Transportation-equip- 00 -100 0 ceptionsofriskdrivebehav-
beensmallerandmoreman- mentmanufacturingplunged Feb. Dec. March Dec. Jan. Nov. iorasmuch,ifnotmore,as
ageable. 69%belownormallevels. governmentedicts.
*Seven-daydailyaverage.Caseswereprobablyundercountedinthespringduetolimitedtesting. †Above50typicallyindicatesexpandingactivity,
“We’velearnedawholelot Bycontrast,construction, below50contractingactivity Bythesametoken,fatigue
intermsofhowtodealwith manufacturingandschools Source:OurWorldinData(deaths/cases);Google(mobility);IHSMarkit(PMI) withrestrictionsandrising
thispandemic,”GitaGopi- continuetooperate.Remote risktolerancebytheyoung
nath,chiefeconomistatthe workismorewidespread,and AprilaccordingtoInsee,the wants,endangeringhisplans teredbusinessesand,insome probablyexplainsalotofthe
InternationalMonetaryFund, nonessentialemployeescan Frenchstatisticsagency,it tolifttheremainingrestric- states,becauseofcourtor- recentsurge,Ms.Simonsaid.
saidinaninterviewTuesday traveltotheirjobs.Mobility stoodat88%inNovember, tionsintimefortheChrist- ders.Insomeplaces,barsare RhodeIslandGov.Gina
atTheWallStreetJournal datashowworkplacevisits anditisprojectedtorebound masseason. openbutschoolsareclosed, Raimondoconcurs.OnNov.19
CEOCouncilannualsummit. fellfarlessthanretailand to92%inDecember. Thedilemmaisthatwhen thereverseofwhatpublic- shedeclared,“Althoughwe
Shesaidthevirusisbeing recreationalvisits. “Thereisatrade-offbe- mobilityrebounds,so,eventu- healthexpertsrecommend. allseemtothinkwe’refol-
attacked“inamoretargeted T tweenthehealthandeco- ally,doinfections.“Thatwill Someexpertssaywidespread lowingtherules,clearlywe’re
way”—lockdownsarere- helockdownsucceeded nomicsituation,”saidMs. neverfullyresolveitselfuntil rapidtestingcouldendthe notbecausewe’reinareally
servedforwherecasesare inreducingFrance’sin- Baudchon.“Inthefirstlock- yougettoherdimmunity,” pandemicwithoutlockdowns, badplace.”
growingexponentially; fectionsfromaround downthetrade-offwasfully Ms.Gopinathsaid,“because butnoU.S.statehasimple- Ms.Raimondosaidbars,
higher-risksettingssuchas 800permillionpeopleaday, infavorofhealth,andthe everybody’sgettinginfected mentedsuchasystem. gymsandcasinoswouldclose
restaurantsandbarsaresub- oneofthehighestamongad- pricewasamassivereces- orbecauseofthevaccines.” Andwhilerestrictionsdo andrestaurantsandchurches
jecttolimitations;and vancedcountries,to175,com- sionaryshock.” Targetedrestrictionsre- slowthevirus’sspread,by wouldoperateatreducedca-
schools,whichhaveproved paredwitharound600inthe Thetrade-offthistimeis flectresearchindicatingthat themselvestheyhaven’tbeen pacityeffectiveNov.30for
relativelysafe,stayopenfor U.S.Thedeathtollsofaris different,thankstomask- afocusonsuper-spreading enough.MuchofCalifornia twoweeks,andifthatdidn’t
themostpart. lowerthaninthefirstwave, wearing,adaptationtothose settings,suchaslargeindoor neverfullyreopened,andit turnthetide,a“totallock-
Still,targetedrestrictionsin thoughthatmaychange. restrictionsstillinplace,im- gatherings,restaurantsand boastsoneofthecountry’s down”wouldfollow.
Europehaven’tbroughtinfec- Nonetheless,thecurrent provedCovid-19patientout- bars,andrequiringmaskscan lowestpercapitadeathrates. “I’minaworldofallbad
tionsdownasfarasinthe waveappearstohavebeen comesandthedesiretoavoid slowtransmissionatamuch Nonetheless,casesthereare choices,”shesaidlastmonth.
spring.TheU.S.hasyettosuf- containedatalowereco- recession,shesaid. lowercostthanfulllockdown. nowclimbingswiftly. “Iamtryingtogetusthrough
fermucheconomicsetback nomicpricethanthefirst. However,infectionshave Still,somegovernorshave NorthandSouthDakota, totheendoftheyear…with
fromitscurrentwave,butits Whereaseconomicactivity stoppedfallingandremain beenslowtoreimposerestric- whichuntilrecentlyimposed limited…harmtohealthand
limitedrestrictionshaveyetto felltojust71%ofnormalin muchhigherthanMr.Macron tionsoutofconcernforbat- almostnorestrictionsormask toourlong-termeconomy.”
U.S.WATCH CORRECTIONS (cid:2) AMPLIFICATIONS
SUPREMECOURT turingoftheConsumerFinancial shareholders’premisethatthey uctsbyusingquotasthatprefer The credit for a World columnincorrectlycalledhim
ProtectionBureau. were“leftoutinthecoldand Canadianproducers. NewsphotoofMountEverest ashortstop.
Justices Skeptical of
Thecasecouldhavebroadim- theirholdingsrenderedworth- InalettertohisCanadian is Sunil Sharma/Zuma Press.
Fannie, Freddie Suit plicationsforthehousingmarket, less”whenthecompanieswere counterpart,Mr.Lighthizersaid In some editions Wednesday, Notice to readers
becausethefirmsguarantee effectivelynationalized.Chief thattheU.S.wasexercisingits the credit incorrectly was Wall Street Journal staff
ShareholdersofFannieMae abouthalfofthe$11trillionU.S. JusticeRobertssaidhechecked rightstoenforcetheUSMCA,add- giventoDutchNationalPolice. membersareworkingremotely
andFreddieMacthatdispute mortgagemarket.Fannieand thepubliclytradedstockprices ingthatWashingtonmayrequest during the pandemic. For the
theU.S.government’sdecision Freddiemakemoneybycollecting ofbothcompaniesonWednes- theestablishmentofaUSMCA LennyDykstraplayedcen- foreseeablefuture,pleasesend
tosequesterthemortgagegi- feesonthoseguarantees.Alltold, daymorningandnotedtheyare disputesettlementpanelifthe ter field for the New York reader comments only by
ants’profitsfinallygotahearing theyhavesentmorethan$300 “notworthless.” U.S.’sconcernsaren’taddressed. MetsandPhiladelphiaPhillies. emailorphone,usingthecon-
beforetheSupremeCourt.They billionbacktothegovernment, Earlier,though,hesuggested AspokeswomanforMaryNg, The Dec. 5 Moving Targets tactsbelow,notviaU.S.Mail.
weremetwithaskepticalrecep- comparedwiththeroughly$190 shareholders’claimsmightnot Canada’sministerofSmallBusi-
tionWednesday. billionitinjectedintothefirms. beprohibitedbecausethevalue ness,ExportPromotionandIn-
ReaderscanalertTheWallStreetJournaltoanyerrorsinnewsarticlesby
Thecasearisesfromthegov- ShareholdersallegethatFan- oftheirinvestmentswas“wiped ternationalTrade,saidhercoun- [email protected].
ernment’s2012decisiontochan- nieandFreddiemade$124billion outinauniqueway.” trywas“infullcompliancewith
nelnearlyallofFannieandFred- inoverpaymentsandareasking —AndrewAckerman itscommitments”underUSMCA.
die’sprofitstotheTreasury theTreasurytostopcollecting Thefree-tradeagreement THEWALLSTREETJOURNAL
Department,abidtoreclaim futureprofits.Theyalsosaythe TRADE withCanadaandMexicocame (USPS664-880)(EasternEditionISSN0099-9660)
(CentralEditionISSN1092-0935)(WesternEditionISSN0193-2241)
morequicklytaxpayerdollars companiesareentitledtoa$29.5 intoeffectearlierthisyearafter
U.S. Says Canada Editorialandpublicationheadquarters:1211AvenueoftheAmericas,NewYork,N.Y.10036
thatkeptthefirmsafloatafter billioncreditforfuturetaxes. theTrumpadministrationrene-
PublisheddailyexceptSundaysandgenerallegalholidays.
theywerebailedoutduringthe “Yourremedialaskisabig Is Violating USMCA gotiatedthetermsoftheNorth PeriodicalspostagepaidatNewYork,N.Y.,andothermailingoffices.
2008financialcrisis. oneandhardforustoswallow,” AmericanFreeTradeAgreement, Postmaster:SendaddresschangestoTheWallStreetJournal,200BurnettRd.,Chicopee,MA01020.
Shareholdersarguedthatthe JusticeNeilGorsuchsaidduring TheTrumpadministration itspredecessor. AllAdvertisingpublishedinTheWallStreetJournalissubjecttotheapplicableratecard,copiesofwhichare
profitsweepshouldbeinvalidated morethan90minutesoforal filedacomplaintagainstCanada AccordingtotheInternational availablefromtheAdvertisingServicesDepartment,DowJones&Co.Inc.,1211AvenueoftheAmericas,New
York,N.Y.10036.TheJournalreservestherightnottoacceptanadvertiser’sorder.Onlypublicationofan
becausethefirms’regulator—the arguments. overthemarketaccessforU.S. TradeCommission,theUSMCA advertisementshallconstitutefinalacceptanceoftheadvertiser’sorder.
FederalHousingFinanceAgency— JusticeSoniaSotomayorsaid dairyproducts,inthefirsten- ifimplementedasnegotiated LetterstotheEditor:Fax:[phone];email:[email protected]
isstructuredunconstitutionally, itwouldbe“counterintuitive, forcementactionundertheU.S.- willboostU.S.dairyexportsby Needassistancewithyoursubscription?
Byweb:customercenter.wsj.com;Byemail:[email protected]|Byphone:1-800-JOURNAL(1-800-568-7625)
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Reprints&licensing:Byemail:[email protected]|Byphone:1-800-843-0008
powerthatisn’tsubjecttoappro- thingmorethanthattheFHFA U.S.TradeRepresentative TheU.S.dairyindustry,with
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priatechecksbythepresident. directorcanberemovedbythe RobertLighthizersaidWednes- supportfrommanymembersof
Ournewspapersare100%sourcedfromsustainablycertifiedmills.
TheSupremeCourtagreed presidentatanytime. dayCanadahashamperedthe Congress,hascomplainedabout
withsimilarargumentsinaJune ChiefJusticeJohnRoberts abilityofAmericandairyfarmers theirmarketaccesstoCanada. GOTATIPFORUS?SUBMITITATWSJ.COM/TIPS
decisionthatorderedarestruc- expressedskepticismaboutthe andproducerstoselltheirprod- —YukaHayashi
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THEWALLSTREETJOURNAL. **** Thursday,December10,2020|A3
U.S. NEWS
Lawmakers Wrangle
Over Aid Proposals
BYKRISTINAPETERSON willbepartoftheomnibus,if Unlike the bipartisan pro-
ANDANDREWDUEHREN itisthereatall.” posal,theWhiteHouseofferin- (2)
K
Sen.AngusKing(I.,Maine) cludedsendingdirectchecksof OC
WASHINGTON—A flurry of and Sen. Lindsey Graham (R., $600inaidperpersontomany RST
competing proposals for an- S.C.),thechairmanoftheSen- Americans, but omitted the UTTE
other coronavirus relief pack- ateJudiciaryCommittee,have $300 a week in enhanced un- SH
agericochetedaroundtheCapi- been working on a new ap- employmentinsurancethatthe PA/
tol, as lawmakers hunted for proachtotheliabilityissue.Mr. bipartisangrouphadproposed. W/E
waystoresolveathornydebate King has proposed that Con- TheTrumpadministration’sof- THE
over liability protections that gresscreateanaffirmativede- ferwouldinsteadextendexist- WN
A
hasstymiedprogressforweeks. fenseforCovid-19-relatedlaw- ing jobless programs, in addi- H
S
A bipartisan group was suits,lawmakerssaid.Withan tion to $160billion for state
working late Wednesday to affirmativedefense,defendants and local governments, $320
craftanagreementoversome in cases involving people ex- billionforsmallbusinessesand
form of legal protections for posedtocoronavirusmaynot $16billionforvaccinedistribu-
businesses,schoolsandother beheldliableifthedefendant tion,amongothermeasures.
entities operating during the canprovecertainconditions. While many Democrats
pandemic, the single most ARepublicanaidesaidthat want to send out a second
stubborn roadblock for law- creatinganaffirmativedefense round of direct checks, they
makers eager to reach a deal has no chance of winning ap- objectedtoincludingthemat
onemergencyrelief. provalfromGOPleadership. the expense of enhanced un-
While lawmakers broadly Lawmakers have also been employmentinsurance.
agree with the White House workingforweekstofinalizea “Howcananybodysay,‘I’m
that a new aid package is formulaforhowtodistribute goingtosendanothercheckto
needed—andevenonitsrough fundingforstateandlocalgov- people that already have a
price tag of just more than paycheck and a job’ and not
$900billion—compromiseon send anything to the unem-
theliabilityprovisionhaslong Debateoverliability ployed?”Sen.JoeManchin(D.,
remainedelusive. W.Va.),amemberofthebipar-
andgovernment
Even once a $908 billion tisan group, said Wednesday.
proposal from a bipartisan assistancehasstalled But Mr. Manchin said it was
group of Senate and House promising that the White
progressforweeks.
lawmakershasbeenfinalized, House’s$916billionofferwas
Republican leaders signaled “inthesameballpark”funding RepublicanSenateMajorityLeaderMcConnell,top,andDemocraticSenateMinorityLeader
more work would likely be levelashisgroup’sproposal. Schumerhavebeenatoddsaboutacoronavirusreliefpackage,blamingeachsidefordelays.
neededonanyagreementthat Some Republicans, includ-
couldbeaddedtotheomnibus, ernments,apriorityofDemo- ingPresidentTrump,support directly in most recipients’
thefull-yearspendingbilllaw- crats,andsaidtheywereclose the direct checks, but others bank accounts before Christ-
makersarescramblingtofin- Wednesday to resolving that. haveconcerns. mas,hesaid,whileitmaytake
ish before the end of next In a surprise twist this “Most of our members muchlongerforstatestomake
week. The government’s cur- week,SenateMajorityLeader wouldratherhaveanextension thechangesnecessarytobegin
rent funding expires at 12:01 MitchMcConnell(R.,Ky.),who of the plussed-up [unemploy- sendingextrapayments.
a.m. Saturday, but the House hadinsistedformonthsonin- mentinsurance]benefitrather Mr.McConnellonWednes-
passedWednesdayaone-week cludingaliabilityprovisionin than having those checks be- daycriticizedMrs.Pelosiand
extension expected to be ap- anyreliefpackage,suggested causeatleastthosearegoing SenateMinorityLeaderChuck
provedintheSenatethisweek. Tuesdaythatlawmakerscould topeoplewhodon’thavejobs,” Schumer (D., N.Y.) for rebuff-
“I think many things proceedbydroppingbothcon- Senate Majority Whip John ingbothhisproposalandthat
they’vetalkedaboutcouldbe tentiousissues.Butjusthours Thune(R.,S.D.)said. oftheadministration.
putintheomnibus,”Sen.John later, the White House pre- Treasury Secretary Steven Mr. Schumer said he and
Cornyn(R.,Texas),atopally senteditsownoffertoHouse Mnuchindefendedtheadmin- Mrs.Pelosiwanttoletbiparti-
ofGOPleadership,saidofthe SpeakerNancyPelosi(D.,Ca- istration’s decision to add di- san talks continue and that
bipartisangroup.“Thefactis lif.) that included both state rectchecksanddroptheextra theywereencouragedthatthe
we’re not going to have a andlocalfunding,aswellasli- weeklybenefitpayments.Stim- WhiteHouseproposalwasofa
stand-alone Covid-19 bill. It abilityprotections. uluscheckscouldbedeposited similarsize.
More Immigrant Children Detained
Crossing to U.S. at Southern Border
BYALICIAA.CALDWELL Unaccompaniedchildren migrantsback,hasincentivized which policies to change and
ANDMICHELLEHACKMAN andfamiliesdetainedat border crossers to repeatedly when,inordertofulfillMr.Bi-
theMexicanborder try to evade capture, govern- den’scampaignpromiseswith-
Immigrantchildrenandfam- mentofficialshavesaid. outcreatingtheappearanceof
Unaccompanied Families
iliesareagainheadingnorthto Thegrowingnumberofchil- leniency, according to people
child
the U.S.-Mexico border in in- drenandfamilieshasattimes familiarwiththematter.
creasing numbers after a lull, 12,500 createdbackupsatBorderPa- The Biden transition team
signaling the possibility of a trol stations. Lawyers repre- didn’trespondtoarequestfor
fresh humanitarian crisis and 10,000 sentingtheyouthinadecades- comment.
an early challenge for the in- oldcourtcasesaidinarecent Mr.Biden’spledgetoendthe MaxBallDrop
comingBidenadministration. court filing that almost three Migrant Protection Protocols Earringswith
Theflowofthesemigrants, 7,500 dozenchildren,includingsixin- program could be a problem. Diamonds
$2,495
whohistoricallyhavecometo fants,wereheldlongerthanthe Theprogramforcesmigrantsto
seekasylumattheborder,had three-day limit allowed under waitinMexico,oftenindanger-
5,000
slowed in the past year after governmentguidelines. ousbordercities,forthedura-
FOROURCONCIERGESERVICE:
the Trump administration CBPdidn’trespondtoare- tion of their U.S. immigration
[email protected]
made policy changes that cut 2,500 questforcomment. courtcases.
347-748-6005
off access to the asylum sys- According to the children’s A bigger wave of migrants
tem. The coronavirus pan- lawyers,thoseheldataTexas couldproveanearlycrisisfor
0 JUDITHRIPKA.COM
demic,whichpromptedawave border station said they were the Biden administration, po-
Oct. Jan. Oct.
of lockdowns across Latin deniedhandsanitizerandsoap, tentially complicating Mr. Bi-
2019 2020
America,alsohinderedpeople and described scant access to den’sotherimmigrationgoals,
fromtraveling. Source:U.S.CustomsandBorderPatrol masks and other protective includingwinningapathtole-
ButinOctober,4,630unac- gear. gal status for young immi-
companiedchildrenweretaken tionin2014,oralargerwaveof Inaseparatefederallawsuit, grants.
into custody by border patrol families and unaccompanied actingCBPCommissionerMark TheBidenteamisconsider-
agents, up from 712 in April, youngsterswhoarrivedseeking MorgansaidBorderPatrolsta- ingtemporarilyleavinginplace
while4,501migrantstraveling asylumstartingin2018. tions aren’t designed to allow Mr.Trump’spandemicorderto
asfamiliesarrivedinOctober, “Idon’tseeanyrecipethat for social distancing and the returnmostmigrantstoMexico
compared with 716 in April, doesn’t have them as over- governmentneededtoquickly shortly after they cross the
U.S. Customs and Border Pro- whelmedaswewerein’14and send children back to their border,peoplefamiliarwiththe
tectiondatashow. ’18,”saidRonVitiello,aformer homecountrieswithoutallow- mattersaid.
Duringonesix-dayperiodin Border Patrol chief who later ingthemtoaskforrefuge.He Immigrant advocates have
mid-November, about 1,000 served as acting Immigration saidchildmigrantsweren’tfol- protestedthatpolicybecauseit
children were taken into cus- and Customs Enforcement di- lowing Covid-19 safety proce- doesn’t allow migrants to ask
tody,accordingtoarecentfed- rectorunderPresidentTrump. duresasinstructedbyagents. for asylum. A federal court in
eral court filing made by the There are several likely Evenmoremigrantsmayar- WashingtonruledinNovember
federalgovernment. causesfortherecentincrease, riveaftertheelectionofPresi- the policy couldn’t be applied
That rise, experts say, sug- expertssay,includingsagging dent-electJoeBiden,aDemo- tounaccompaniedchildren.The
geststroubleaheadforthein- LatinAmericaneconomiesand crat who has said he would Trump administration has
coming Biden administration hurricanesthatbatteredparts undomostofMr.Trump’sbor- asked a circuit court to halt
because it follows a pattern ofHondurasandGuatemala. derpolicies. thatdecision.TheBidenteam
that ended in even bigger AborderpolicytheU.S.in- The Biden transition team hasdiscussedcreatinghumani-
surgesinpastyears,suchasthe stituted in March in response has grown concerned about a tarianexceptionstothepolicy,
child migrant crisis that con- tothepandemic,allowingim- surgeofasylumseekersatthe suchasforchildren,thepeople
frontedtheObamaadministra- migrationagentstoturnmost borderandistryingtodecide said.
Tai to Be Named U.S. Trade Representative
BYYUKAHAYASHI growingeconomiccompetition Chinese imports imposed by “Ithinktherewillbereally
ANDANDREWRESTUCCIA fromChina. theTrumpadministration. robustpoliticalsupportforag-
Ms. Tai didn’t immediately Ms. Tai has spent much of gressive and bold steps with
WASHINGTON—President- respondtoarequestforcom- hercareerworkinginthegov- respect to how we compete
electJoeBidenplanstonomi- ment, and Mr. Biden’s transi- ernment,firstasalawyerfor withChina,”Ms.Taisaidona
nate Katherine Tai as U.S. tion team declined to com- the Office of the U.S. Trade CenterforAmericanProgress
TradeRepresentative,accord- ment. Representative focusing on panelinAugust.
ingtopeoplefamiliarwiththe Herimmediatetaskswillin- China,thenasaCongressional If approved by the Senate,
matter,turningtoatradelaw- clude the implementation of staffmember. shewouldbethefirstwoman
yer with expertise on China the U.S.-Mexico-Canada trade AfluentMandarinspeaker, ofcolortoleadtheU.S.Trade
andprovendiplomaticskills. agreementanddecidingwhat shewasatoplawyerwiththe Representative’soffice.
By selecting Ms. Tai, now to do with contentious tariffs U.S.TradeRepresentative’sof- Ms.Taiplayedakeyrolein
chief trade counsel for the implementedduringtheTrump fice on China issues between last year’s negotiations be-
DemocratsontheHouseWays administration. 2007 and 2014, litigating tweencongressionalDemocrats
andMeansCommittee,Mr.Bi- She also will play a role in Washington’sdisputesagainst andtheTrumpadministration
denwouldsignalhisintention crafting the administration’s China at theWorld Trade Or- thathaveledtothecompletion
to start working swiftly on policytowardChina,including ganization.ShehassaidChina of the revamped pact with
pending trade issues while when—or whether—to start needs to be confronted MexicoandCanada,knownas
workingwithalliestoconfront liftingtariffson$370billionof stronglyandstrategically. USMCA,lawmakerssay.
A4|Thursday,December10,2020 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 ****
U.S. NEWS
Hunter Biden Faces Federal Tax Probe
BYKENTHOMAS HunterBiden,onepersonsaid. financially from his time as
ANDSABRINASIDDIQUI The younger Mr. Biden, 50 vicepresident.
years old, is an attorney and Mr. Trump’s efforts to per-
WASHINGTON—Hunter Bi- businessmanwhohasengaged suade the Ukrainian govern-
den,thesonofPresident-elect inextensivedealingswithfor- ment to investigate Mr. Biden
JoeBiden,saidinastatement eigncompanies.Thoseinclude andhissonwereatthecenter
WednesdaythattheU.S.attor- servingontheboardofaUkrai- ofhisimpeachmentayearago
ney’sofficeinDelawareis“in- niannatural-gascompany,Bu- by the Democratic-led House.
vestigating my tax affairs,” risma,fromMay2014toApril Throughout the election, Joe
putting his financial dealings 2019, where he was paid Biden denied any wrongdoing
in the spotlight, as his father roughly $50,000 a month for andsaidhehadnoinvolvement
buildshisadministration. hiswork.Healsowasadirector inhisson’sforeigncontracts.
HunterBidensaidhetakes ofaprivate-equityfirminChina ARepublicanSenateinvesti-
the matter “very seriously” andhadbusinessdealingswith gationearlierthisyearlooked
andis“confidentthataprofes- aChineseoilcompany. into Hunter Biden’s finances,
sionalandobjectivereviewof The Internal Revenue Ser- examiningaseriesofpayments
thesematterswilldemonstrate vice in 2018 issued a lien itallegedhereceivedfromen-
that I handled my affairs le- against Hunter Biden and his tities linked to Chinese oil
gallyandappropriately.” ex-wifefor$112,805inunpaid company CEFC China Energy
TheJusticeDepartmentde- taxes,publicdocumentsshow. Co, among others. The GOP
clinedtocommentWednesday. The pair paid the taxes, and S findings,basedondocuments
R
AspokeswomanattheU.S. thelienwasreleasedinMarch UTE obtained from the Treasury
attorney’s office in Delaware 2020, according to the docu- RE Department, showed that
declined to comment, citing ments. RG/ Hunter Biden’s law firm,
DOJpolicyregardingongoing TheyoungerMr.Bidensaid BOU OwascoPC,receivednearly$5
investigations. in the statement that he JIM millionfromCEFC.
The criminal investigation learnedabouttheinvestigation TheprobeislimitedtoHunterBidenandhisbusinessdealings,saidpeoplefamiliarwiththematter. Hunter Biden told the New
thatincludedtaxissuesbegan for the first time Tuesday Yorkerin2019thathehadbeen
in2018,accordingtoaperson throughhislegalcounsel,who son, who has fought through oversee the investigation if it eraljudgeMerrickGarland. given a diamond by Ye Jian-
familiar with the matter. It is hesaidwasadvisedofitbythe difficult challenges, including extendsintothenewadminis- The transition’s statement ming, who then headed CEFC
limitedtoHunterBidenandhis U.S. attorney’s office on the theviciouspersonalattacksof tration.Apersonfamiliarwith didn’t give any more detail China,whichhesaidwasworth
businessdealingsanddoesn’t sameday.TheBidentransition recentmonths,onlytoemerge Mr.Biden’stransitionsaidade- abouttheinvestigation.Aper- close to $10,000. He told the
implicateothermembersofhis teamdeclinedtosaywhenthe stronger.” cisionisexpectednextweek. sonfamiliarwiththeyounger magazinehegavethediamond
family or the president-elect, president-electlearnedofthe Theannouncementofthein- Thepersonsaidtheleading Mr.Bidensaiditwasn’trelated to his associates and didn’t
twootherpeoplesaid.Thein- investigation. vestigationcomesmorethana contendersareformerMassa- toPresidentTrump’scriticism knowwhattheydidwithit.
vestigationwassparkedinpart The statement, which was monthbeforethepresidential chusetts Gov. Deval Patrick, ofhimduringthepresidential —ArunaViswanatha,Sadie
byreportsofsuspiciousactiv- circulatedbyJoeBiden’stran- inaugurationandasthepresi- former Deputy Attorney Gen- campaign, when Mr. Trump Gurman,JamesT.Areddy
ityfiledbyabankthathandled sitionteam,saidthepresident- dent-elect is weighing his at- eralSallyYates,outgoingSen. suggested Joe Biden and his andAndrewDuehren
foreigntransactionsrelatedto elect is “deeply proud of his torney-generalpick,whocould DougJones(D.,Ala.)andfed- familymembershadbenefited contributedtothisarticle.
How Deals Helped Facebook Extend Its Reach
FacebookInc.,forthefirsttime,isfacingantitrustlawsuitsinitshomemarket.OnWednesday,
theFederalTradeCommissionandagroupofattorneysgeneralaccusedtheMenloPark,Calif.,
companyofabusingitsmarketpositiontosquelchcompetition.Thelawsuitsscrutinize
Facebook’sacquisitionstrategyanditsmotivationstobuycompaniessuchasWhatsApp
2014 2014
OculusVR WhatsApp andInstagram.Here’salookatsomeofFacebook’skeydeals.
2012 2020
Instagram $2.3B $22B 2019 Kustomer
$736M O2n0a1v3o C$T5R0L-0LaMbs $1B*
$120M
Eacharearepresentstheadquisitionvalue
2013 2014 2015 2016 2017 2018 2019 2020
Source:Dealogic *Pending
Instagram Onavo OculusVR WhatsApp CTRL-Labs Kustomer
Dealrationale:InApril2012, Dealrationale:Facebookin Dealrationale:In2014, Dealrationale:Facebook Dealrationale:Facebook Dealrationale:Facebookin
Facebookannouncedthatit 2013reachedadealtobuy Facebookspentmorethan snappedupWhatsApp,then acquiredCTRL-Labslastyear Novembersaiditwouldbuy
wouldbuyInstagramforabout Onavoforabout$120million $2billiontobuyOculusVR, a55-employeecompany,in foranestimated$500million. Kustomer,aNewYork-based
$1billionincashandstock.(At inabidtosharpenitsmobile whichatthetimewasa 2014inacash-and-stockdeal Thestartupdevelops startupthatspecializesin
closing,thedeal’svaluewas analyticsinsights.Onavo, 20-month-oldmakerof initiallyworthabout$19billion. technologytoletpeople customer-serviceplatforms
$736million.)ChiefExecutive whichhadmobileutilityapps, virtual-realitysystems. Thedeal,ultimatelyworth controlcomputerswiththeir andchatbots.Thedealvalued
MarkZuckerbergwasnervous gaveFacebookaccessto “Imagineenjoyingacourtside about$22billion,helped brains,anareaofinterest Kustomeratalittleover
aboutanewcropofmobile- privatedatashowinghowapps seatatagame,studyingin cementFacebook’sdominance forFacebookinrecentyears. $1billion,accordingtopeople
orientedsocial-mediaupstarts wereperformingrelative aclassroomofstudentsand inmessaging.Theserviceis “Technologylikethishasthe familiarwiththematter.
thatwerenibblingaway toothers. teachersallovertheworld nowusedbymorethan potentialtoopenupnew
Increasingly,customersare
atFacebook’suserbaseas orconsultingwithadoctor twobillionpeople. creativepossibilitiesand
WhatFacebookhasdonewith communicatingwithcompa-
consumerswereshifting face-to-face—justbyputting reimagine19thcentury
it:Onavodatawasusedtohelp WhatFacebookhasdonewith niesbymessaginginstead
tomobilephones,anarea ongogglesinyourhome,”Mr. inventionsina21stcentury
Facebookdeterminewhether it:Facebook’sattemptsto ofcalling,andKustomer’s
wherethecompanywasweak. Zuckerbergsaidatthetime. world,”Facebookexecutive
tobuyWhatsAppin2014, makemoneyfromWhatsApp technologytakesconversa-
AndrewBosworthsaidlast
WhatFacebookhasdonewith Mr.Zuckerbergsaidduringa WhatFacebookhasdonewith havetakenalongandwinding tionsfromdifferentchannels
year.
it:Instagramhasbecomeone congressionalhearingthisyear. it:FacebookfoldedOculusinto path.Executives,including andputsthemonasingle
ofthecrownjewelsinFace- OnavoalsohelpedFacebook anewdivisionfocusedon operatingchiefSheryl WhatFacebookhasdonewith screen,makingiteasierfor
book’sempirebecauseofits trackotherrivalsandexamine augmented-andvirtual-reality Sandberg,pushedtoinclude it:Facebookfoldedthestartup businessestokeeptrack
rapidgrowthandauserbase newproductcategories,people techafterthetroubledlaunch adsinWhatsApp,prompting intoitsRealityLabsdivision ofrequests.
thatisyoungerthanthatofits familiarwiththeproducthave oftheOculusRiftgogglesand thefounderstoleave runbyMr.Bosworth.
WhatFacebookhasdonewith
flagshipFacebookapp.The said. alawsuitoverproprietarycode. Facebook.Thecompanyhas
it:Thedealhasyettoclose.
companyhascontinuedtoadd Oculusco-founderPalmer sincebackedawayfromthose
Facebookhasbeenhopingto
newfeaturestomoveInsta- LuckeyleftFacebookin2017 efforts,butiscontinuingto
buildoutits“socialcommerce”
grambeyondphotosharing, afteraseriesofgaffesstrained introducenewtoolstotheapp,
offeringsandturnitsmessag-
andithastightenedthelinks hisrelationshipwithFacebook suchasfeaturestomake
ingapps,WhatsAppand
betweenInstagramandFace- executivesandvirtual-reality shoppingeasier.
Messenger,intocustomer-
bookthroughmarketingas developers.
serviceportals.
wellaswithtechnology.
Lawsuits
Google,andtwoothercoalitions thecompaniesitboughtwould argue the WhatsApp deal re- Google Plans to Lift
of states are weighing cases haveemergedasmajorcompet- movedanotherworryforFace-
Aim at againstthesearchgiant,aunit itors had they remained inde- bookandmadeitmoredifficult
ofAlphabetInc. pendent.PlatformssuchasIn- for future mobile messaging Ban on Political Ads
For Facebook, Wednesday’s stagramhavebecomesuccessful apps to acquire scale and
Facebook filingsintroduceaconfrontation preciselybecauseFacebookpur- threatentoenterthesocial-net-
with the government that chasedthemandinvestedheav- workingspace.
founder and Chief Executive ily in their development, Mr. MuchofFacebook’smaneu- BYEMILYGLAZER and on Facebook, which also
Mark Zuckerberg described in Zuckerberghassaid. veringwasaidedbyitsacquisi- ownsInstagram,leadingupto
the past as “existential.” Mr. Facebook has been building tion of an Israeli company, AlphabetInc.’sGooglesaid the general election to influ-
ContinuedfromPageOne Zuckerberg, who engineered itslegalargumentsformonths OnavoMobileLtd.,thathadde- itisplanningtoliftitsbanon ence voters and get out the
twoDemocratsjoinedRepubli- manyoftheactionsbeingtar- againstalikelyFTClawsuitand velopedatooltomonitorusage politicaladsonThursdayafter vote. But both platforms de-
canChairmanJosephSimons geted by the lawsuits, previ- planstoarguethatthecommis- ofscoresofapplications,andal- a blackout of more than a cidedtolimitpoliticaladsbe-
forthesuit,asignitwilllikely ouslyvowedtocountergovern- sion’seffortstargetingitspast lowedFacebooktoidentifycom- month because of concerns foreandafterthegeneralelec-
continueoncePresident-elect ment antitrust complaints in acquisitions would defy estab- petitive threats, according to overelectionmisinformation. tioninanefforttotampdown
JoeBidentakesoffice. court, while expressing confi- lishedlaw,harmconsumersand thestates’complaint. Google told advertisers on thespreadofmisinformation.
Mr. Biden’s transition team denceFacebookwouldprevail. cost billions of dollars if the The lawsuits also say Face- Wednesday it will lift its so- GooglesaidonWednesday
declinedcomment. ThecasespresentFacebook governmentpursuesabreakup, book hobbled competitors by called sensitive-event policy in a blog post that it tempo-
The federal-state coordina- with one of its biggest chal- accordingtoaninternalbriefing cuttingoffaccesstoitsplatform and allow ads that mention a rarily paused more than five
tionsignalstheintensityofle- lenges in its 16-year evolution documentreviewedbyTheWall forthird-partyappdevelopers currentstateorfederaloffice- million ads referencing the
galpressuresFacebookisfacing, fromstartuptosocial-mediagi- StreetJournal. that wanted to offer services holder or candidate, political U.S.2020election,thecandi-
aswellastheleadingrolestate ant.TheFacebookapphas196 Thetwolawsuitstellasimi- that encroached upon Face- party or ballot measure, ac- dates,oritsoutcomeaselec-
law-enforcement officials are milliondailyactiveusersinthe book’s core functions. Aside cording to an email reviewed tionresultswerecertified.
playinginantitrustbattleswith U.S.andCanada,andmorethan from unwinding transactions, by The Wall Street Journal. The Democratic Senatorial
thenation’smostpowerfultech 2.5billionpeopleuseitsprod- TheFacebookapp thesuitsseektoprohibitFace- Early voting in the Georgia Campaign Committee cheered
companies. Ms. James made uctseverydayworld-wide. book from engaging in future Senate runoffs begins this Google’smovetoallowpolitical
has196milliondaily
publicthestates’lawsuit,which In Facebook’s early stages, practices that harm competi- month.TheGeorgiarunoffson ads again, though said it was
includestheDistrictofColum- publicattentioncenteredonthe activeusersinthe tion,suchasimposingrestric- Jan. 5 will determine which overdue. The committee also
bia and Guam. Both lawsuits platform’s ability to grow and tiveconditionsondevelopers. partycontrolstheU.S.Senate pressedFacebooktoliftitsban,
U.S.andCanada.
werefiledinWashington,D.C. makemoneywhilemintingcul- Thestates’lawsuitinpartic- whenPresident-electJoeBiden saying the limits on political
Somestateshavejoinedthe tural touchpoints and viral ularfocusesonwhatitsaysare beginshisadministration. adswerehurtingvoter-outreach
Justice Department in suing trends.Butinmorerecentyears privacyharmscreatedbyFace- “Whilewenolongerconsider effortsinGeorgia’srunoffs.The
the focus has turned to Face- book’sconduct.Thecompany’s thepostelectionperiodtobea NationalRepublicanSenatorial
book’spower:Itsextensivecol- larstory.TheFTCandthestates monopolypositionalloweditto sensitiveevent,wewillstillrig- Committeedidn’trespondtoa
lectionofdataanditsabilityto each allege Facebook chose to retreatfromearlypledgesofro- orouslyenforceouradspolicies, requestforcomment.
Craftedingold&platinum shape users’ emotional states buycompaniesratherthancom- bust privacy practices and be whichstrictlyprohibitdemon- The Journal reported in
Orderby
12/22 acceleratethespreadofhateful petewiththem.Facebookrecog- moreaggressiveaboutcollect- strably false information that mid-November that Google
forthe conspiracytheoriesandpoten- nized in 2011 that Instagram ingdataaboutitsusers’activi- could significantly undermine representativestoldsomead-
Holidays
tiallyinfluencedemocraticpro- wasbecomingaviablecompeti- ties,thestatesalleged. trustinelectionsorthedemo- vertisersitwasunlikelytolift
cessesincludingelections. tor on mobile photos and, left Sizableacquisitionsmustbe cratic process, among other its ban in November or De-
The company’s sway in independentorinthehandsofa submitted to the government formsofabuse,”Googlesaid. cember.Facebooktoldadver-
businesshascomeinforscru- rival,itcouldthreatenthecom- forreviewbeforetheyarecon- Google, along with Face- tisersatthetimeitwouldex-
tiny, too, over its ability to pany’sposition,thelawsuitsal- summated,andtheFTCletthe bookInc.,arethebiggestdigi- tend its political ad ban
blackballapps,cutpreferential lege.BuyingInstagramneutral- tech giant acquire Instagram taladplatformsinpoliticalad- “another month” and update
deals and use its financial ized that threat, while and WhatsApp in 2012 and vertising. Political campaigns advertiserswhenitwouldlift,
YourAnniversaryImmortalized powertobuystartups. discouraging any other photo- 2014,respectively. andgroupsspenttensofmil- which has yet to happen. A
InRomanNumerals Facebook argues its critics sharingapps,thesuitsallege. —JeffHorwitz lionsofdollarsadvertisingon Facebook spokeswoman de-
JOHN-CHRISTIAN.COM 888.646.6466 havenovalidbasisforclaiming TheFTCandstateslikewise contributedtothisarticle. Google,whichownsYouTube, clinedtocomment.
THEWALLSTREETJOURNAL. Thursday,December10,2020|A5
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A6|Thursday,December10,2020 THEWALLSTREETJOURNAL.
U.S. NEWS
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CherokeeCo.
Jan.5. about12,000votesoutoffive
Bothpartiesareconducting millioncast—awincertifiedby
what they describe as enor- GOP officials in Georgia after
mous voter turnout opera- recounts. Mr. Biden won by
tions—not only because so runningupwidevotemargins
muchisatstakeforbothsides, inmorepopulatedareas,such Atlanta
but because they’re fretting as metropolitan Atlanta, Sa-
about turning out their own vannahandColumbus,beating Atlanta Augusta
metro
peoplewhenMr.Trumpisnot strong turnout for Trump in penagain.” said.
area
on the ballot. So far, cam- ruralpartsofthestate. Some Republicans worry AtlantalawyerL.LinWood,
paignsandoutsidegroupsare InoneoftheSenaterunoffs, thatthepresident’scontinued who argued one of Mr.
on track to spend more than RepublicanSen.DavidPerdue attacks on the legitimacy of Trump’s unsuccessful legal
MuscogeeCo.
$415millionontelevisionand faces Democrat Jon Ossoff, a the election results and the electionchallenges,toldarally
GEORGIA
radio advertising, the most documentaryfilmmaker.Inthe leadership of the state GOP crowdtheyshouldsitoutthe
ever for a Georgia runoff, ac- other,Sen.KellyLoeffler,who also could erode Republican runoffs to protest the presi-
Savannah
cordingtopoliticaladtracker wasappointedtofilltheseat turnout. Georgia Secretary of dentialelectionresults.“Why
Kantar/CMAG. ofretiredSen.JohnnyIsakson, Albany State Brad Raffensperger, a wouldyougobackandvotein
“Normallypeoplesaydon’t iscompetingagainstDemocrat Republican,hasconductedtwo another rigged election, for
preach to the choir, but in a RaphaelWarnock,pastorofDr. recountsandaby-handaudit God’ssake?”hesaid.
runoff you want to not just Martin Luther King Jr.’s for- ofballotstoverifyMr.Biden’s Canvassinginthesouthern
preach to the choir, but sing merchurch.InGeorgia,Senate win, and those results were part of the state, Mr. Phillips
Valdosta
lovingly to them,” said Tim candidates must win with certified by Republican Gov. said he encountered Republi-
Phillips, president of the Vir- morethan50%ofthevoteor Brian Kemp. Both said there canvoterswhosawlittlepoint
ginia-basedconservativegroup face a runoff, which is what Note:Marginshiftinprecinctswhereboundarieschangedisestimated. wasnoevidenceofwidespread invotingnow.“Ihadoneguy
AmericansforProsperity,dur- happenedinNovember. Sources:GeorgiaSecretaryofState(2020);HarvardDataverse,VotingandElectionScienceTeam(2016) fraud, a message echoed by saytome,‘What’sthepoint?
ingarecentdoor-knockingtrip Bothpartiesseecontrolof U.S.AttorneyGeneralWilliam WelostTrump,’”hesaid.
intheGOPstrongholdofCher- theSenateasessentialinde- thatMr.Phillipswasthefirst aims to visit the homes of BarrandtheHomelandSecu- On a recent weekday, Mr.
okeeCounty.“Evenadrop-off termining not just how much persontoshowupatherdoor. BlackresidentssuchasJames rityDepartment. Phillips and other GOP activ-
of8or10percentouthere…in Mr.Bidenisabletodoaspres- Shepromisedsheandherhus- Bussey and his daughter, Sen. Ted Cruz (R., Texas), ists visited neighborhoods in
ourbase,couldbedeadly.” ident,butthefundamentaldi- band would vote for Mr. Per- Janet,inColumbus. whoisplanningabustourin Cherokee County, which has
Democrats had curtailed rectionofthenation. due. An organizer handed a Georgia to drum up support voted Republican in every
face-to-faceturnoutoperation The incoming Senate cur- BlackPAC,anationalsuper maskedMs.Busseyaflierthat for his GOP colleagues, said, presidentialelectionbeginning
duringthegeneralelectionbe- rentlyhas50Republicans,46 PACthatworkstoboostturn- read, “Vote. AGAIN,” with in- “ThereisarealriskthatDem- with Ronald Reagan’s second
cause of the pandemic. Now, Democrats and the two inde- out among Black Democrats, structionsforhowtodosoin ocrats will be united—united termin1984.
theyhaveconcludedthepros- pendents who caucus with sentorganizersintolocalbusi- the runoffs. Ms. Bussey, 70, by their hatred of President HunterArmstrong,72,said
pects of winning two Senate them. If Democrats win both nesses in Columbus, Ga., to saysshewillvoteforMessrs. Trump—and there is a risk he strongly supported Mr.
seatsandcontrolofthecham- races, they will gain control dropoffliteraturesupporting Ossoff and Warnock because that Republicans will be di- Trumpbutwaslesstrustingof
ber outweigh the potential because Vice President-elect thetwoDemocrats. shewantsMr.Bidentohavea vided because of frustrations otherRepublicans.Hesaidhe
health risks, which they are KamalaHarriscouldcastatie- AdrianneShropshire,execu- meaningfulpresidency. over where the presidential plannedtovoteforMr.Perdue
mitigatingwithmasksanddis- breaking vote. If Democrats “When Obama was presi- racestandsrightnow.” but wasn’t sure about Ms.
tancing. loseoneoftheraces,Republi- dent, we got very little done Onsocialmedia,somepeo- Loeffler.
“We’regoingtohavetodo can Mitch McConnell of Ken- 12,000 becausehedidn’thavealotof pleclaimingtobeTrumpback- Democrats, too, are grap-
doorknockingnow,”saidNabi- tucky will retain his title of support in the Senate,” she ers have called for voters to pling with how Mr. Trump’s
lah Islam, a Georgia Demo- Senatemajorityleader. said.“Itdoesn’tdoanythingto writeinMr.Trump’snameon rhetoricwillaffecttheirturn-
craticorganizerwhorecently ThatiswhyMr.Phillipshas getBidenandHarrisinthereif therunoffballotorboycottthe out. At Sugga’s, a soul food
createdSaveourSenatePAC,a beenknockingondoorsonbe- Biden’sapproximatemarginof there’s no one in the Senate contest altogether to punish restaurantinDemocratic-lean-
superPACfocusedonboosting halfoftheconservativegroup victoryinGeorgiavotecount whowilllistentothem.” theRepublicanestablishment. ingColumbus,BlackPACactiv-
turnoutontheleftforthetwo AmericansforProsperity. Mr. Trump and the GOP A website claiming to be ists left literature about
runoffs. “We’ve realized that Teresa Weinelt was scrub- senatorsheiscampaigningfor sponsored by a group linked Messrs.WarnockandOssoff.
we can’t forgo direct voter bing her bathtub on a recent havecasttherunoffracesasa with longtime Trump ally Cassandra Ryan, a Sugga’s
contact.” afternoon when Mr. Phillips tive director of the PAC, said waytoavengewhatthepresi- Roger Stone called on voters owner, said some customers
Turnoutisespeciallyimpor- walked up her driveway in a internal polling showed that dent describes as a flawed to write in the president’s and family members have in-
tant in the Georgia runoffs wooded residential neighbor- oustingMr.Trumpwasoneof electoralprocess,aswellasto name on their ballots. Asked terpreted Mr. Trump’s allies’
given their unique circum- hood to urge her to vote for the biggest motivators for be a last line of defense by The Wall Street Journal efforts to undermine the re-
stances.Runoffelectionshere Mr.Perdue. BlackDemocraticvotersinthe against complete Democratic abouttheclaimedconnection, sults of the presidential elec-
havelongfavoredRepublicans Ms. Weinelt, 59 years old, state. The mission now, she control in Washington. “Let Mr. Stone said via email that tion as a sign that their vote
because Democratic turnout told Mr. Phillips she was sick said,istopivotto“theideaof metellyou,thiselectionwas the website was fake. “I was mightnotcount—andaratio-
has tended to decline in the of the never-ending election, theneedtofinishthejob,that rigged,andwecan’tletithap- used for clickbait in a smear nale to stay at home. “Some
second-roundofvoting.Anon- whichhasbroughtadelugeof removing Trump is only part pen to two of the greatest, campaigndesignedtohurtRe- people can’t see beyond, ‘My
partisan study of runoffs in adsonhertelevision.“Itdrags of the job, and getting rid of most respected people in publicanchancesofwinning,” votedoesn’tcount.’Itrytotell
Georgiafoundthat,goingback onandonandonandon,”she people who essentially stand Washington,”Mr.Trumpsaid hesaid. people it always makes a dif-
to 1988, Democrats have won said. “I just wish it would be in the way of progress is the in a Georgia visit on Dec. 5, Therunoffballotdoesn’tin- ference,”shesaid.
just one of seven statewide over.” secondpartofthejob.” alongsideMr.PerdueandMs. cludeaspacetowriteinother —ChadDay
runoffelections. Shewasimpressed,though, Usingvoterdata,BlackPAC Loeffler.“Wecan’tletithap- candidates, election officials contributedtothisarticle.
Biden Seeks a Waiver for Defense-Chief Nominee
BYNANCYA.YOUSSEF selection as someone with Austinsaid. Connecticut and Elizabeth thatthemilitary’sleadership have been named in groups,
ANDGORDONLUBOLD whom he had personally Gen. Austin’s nomination WarrenofMassachusetts,said reflectsthenation’sdiversity. Gen.Austinsharedthenomi-
worked while vice president, hadbecomecontentiouseven they would oppose a waiver, Mr.Bidendivulgedhisplan nationstageonlywithMr.Bi-
President-elect Joe Biden andpraisedhiscareerasone before Mr. Biden formally citingtheimportanceofcivil- tonominateGen.Austininan den and Vice President-elect
asked for approval of a con- oftheArmy’sfewBlackfour- chosehimforthepost.Demo- iancontrolofthemilitary. articleTuesdayinTheAtlan- KamalaHarris.
gressional waiver allowing stargenerals. crats,Republicansandothers Under U.S. law, a person ticmagazine,inwhichhealso Gen. Austin’s nomination
himtonominateLloydAustin “It’s not a post he sought. maynotbeappointedassec- defended his plan to seek a received an endorsement
for defense secretary, which But I sought him,” Mr. Biden retaryofdefensewithinseven waiver. WednesdayfromJehJohnson,
wouldmaketheretiredArmy said. Gen.Lloyd years after leaving active “I respect and believe in formersecretaryofHomeland
generalthenation’sfirstBlack Addressing the waiver is- Austinsaidhe duty,withoutawaiver. theimportanceofciviliancon- Security and the Pentagon’s
Pentagonchief. sue, Mr. Biden said, “I would would Many Democrats voted trolofourmilitaryandinthe general counsel under the
Mr. Biden’s request on not be asking for this excep- approachthe against a waiver in 2017 for importance of a strong civil- Obama administration, who
Wednesday—whichwouldal- tion if I didn’t believe this defense- Jim Mattis, a retired Marine militaryworkingrelationship was also a top contender for
low Gen. Austin to serve as moment in history calls for secretarypost Corpsgeneral,whowasnomi- atDoD—asdoesAustin,”Mr. the job. Mr. Johnson called
defensesecretaryeventhough it.” asacivilian. natedbyPresidentTrumpas Bidenwrote. him a “former colleague,
he has been retired from the Gen. Austin said he would defensesecretary.Mr.Mattis Mr. Biden added: “Austin friendandfraternitybrother.”
military for less than the approachthepostasacivilian received the waiver and was alsoknowsthatthesecretary Michèle Flournoy, who
seven years required under and would surround himself havequestionedtheselection confirmed as secretary, leav- ofdefensehasadifferentset servedasthePentagon’schief
law—cameamidconcernthat withciviliandeputies. of Gen. Austin, 67 years old, ing less than two years later ofresponsibilitiesthanagen- policy official during the
theappointmentwoulderode “Icometothisrolenowas whoretiredin2016asafour- over differences with Mr. eralofficerandthatthecivil- Obama administration and
civilian control of the armed a civilian leader—with mili- starArmygeneralandthere- Trump. militarydynamichasbeenun- waslongconsideredtobeMr.
forces. tary experience, to be sure— foreneedsthewaivertolead Mr. Biden said Wednesday der great stress these past Biden’slikelynomineeforthe
Speaking alongside Gen. butalsowithadeepapprecia- thePentagon. thatGen.Austinwouldplaya fouryears.Hewillworktire- job, endorsed Gen. Austin a
Austin from his transition tion and reverence for the Democrats praised Gen. crucialroleinoverseeingthe lesslytogetitbackontrack.” dayearlier.
headquarters in Wilmington, prevailing wisdom of civilian Austin, but some, including distribution of the coronavi- While other nominees to —KenThomas
Del., Mr. Biden described his controlofourmilitary,”Gen. Sens. Richard Blumenthal of rus vaccine and in ensuring jointheBidenadministration contributedtothisarticle.
THEWALLSTREETJOURNAL. Thursday,December10,2020|A7
TO FUTURE
FIRST WOMEN:
Against all odds, women have continued to break ground that shouldn’t have needed
breaking, blazed trails that should have been well traveled, and shattered glass ceilings that
shouldn’t have existed in the first place.
As we close 2020, a year defined by “firsts”—some that have disrupted our way of life and
tested us—we celebrate the many firsts that have challenged the establishment,
inspired us, and propelled us forward towards a more equitable future, among them:
Thefirststatueof real women wasinstalledinNew YorkCity’sCentralPark
Thefirst woman wasnamedCEOof amajorU.S.bankinginstitution
Thefirst womanlayinstateattheCapitol
Thefirst womanreachedEarth’shighestandlowestpoints
Thefirst woman wasappointedGeneralManagerof aU.S.professionalmen’s
baseballteam
Thefirst womanfree-climbedElCapitanGoldenGaterouteinunder24hours
Thefirsttime women willrepresent25%of seatsinthenextCongress
And,thefirst womaninourcountry’s244-yearhistorywas votedintotheofficeof
VicePresident-elect
Our progress has been hard earned by fearless women past and present, who
are brave enough to be the first. They didn’t just open the door, they ripped the
door off its hinges so it couldn’t be closed again.
Today, as fellow firsts, we raise a glass to the women who came before us, the achievements
of women big and small this past year, and the milestones of progress to come.
Together with Jane Walker, we will enable opportunity for more future firsts for women in
2021 through a grant program with IFundWomen and continue to strive towards
constitutional equality. Because you can’t have a second, third or fourth without a first.
BE FIRST, KEEP WALKING
Learn more at ifundwomen.com/janewalker and support the coalition for constitutional
equality at ERACoalition.org.
KATIECOURIC HALLEBERRY RITAMORENO
ELIZABETHBANKS KATIESOWERS LUCYLIU BILLIEJEANKING
LILLYSINGH ELAINEWELTEROTH SALT-N-PEPA
PleaseDrinkResponsibly.
ImportedbyDiageo,NewYork,NewYork.
PaidforbyJaneWalkerbyJohnnieWalker.
A8|Thursday,December10,2020 THEWALLSTREETJOURNAL.
*****
U.S. NEWS
Doctors Say Side Effects Are Possible
Data on
Vaccine
BYSARAHTOY second shot left her with in-
tensearmpain,chills,nausea Targeted
Mostpeopleareunlikelyto anddizzinessthatevening.By
havesevereallergicreactions the next morning, she had a
tothePfizer-BioNTechvaccine, 104.9-degreefever—theworst By a Hack
doctors and vaccine experts she has ever had. She took
say,buttheshotsmightcome some acetaminophen, which
with temporary side effects helpedwithherfever.Aclini- BYJENNYSTRASBURG
suchasfeverandmusclepain. cal-trial research staffer told
Two of the first people to herthatsideeffectslikehers Data related to a Covid-19
receive the Pfizer-BioNTech weren’tuncommon. vaccine developed by Pfizer
Covid-19 vaccine in the U.K. WhileDr.Choican’tbesure Inc. and Germany’s BioNTech
had allergic reactions to the shereceivedthevaccine—the SEwereaccessedinahackof
injection, the country’s Na- trialwasdouble-blinded—she Europe’stopmedicinesregula-
tional Health Service said, suspectsshedid,andsaysshe tor.
spurring questions about the wouldn’thavebeenabletosee BioNTech and Pfizer said
likelihood of such reactions patientsthedayaftershere- they had been told of the cy-
andsideeffects. ceived the shot. “It wouldn’t berbreach by the European
In the coming weeks, U.S. have been a day I could have MedicinesAgency,theAmster-
healthregulatorsareexpected gone to work,” she said. “I damentityresponsibleforap-
to authorize the emergency would have felt too bad to provingnewmedicinesforthe
useoftwoCovid-19vaccines: takecareofpatients.” European Union. In identical
one from Pfizer Inc. and Bi- Dr.Choisaidhersymptoms statements Wednesday, the
oNTechSE,andanotherfrom resolved within roughly 36 companiessaidthatsomedoc-
ModernaInc.Whileresearch- hours,exceptforasore,swol- uments relating to its regula-
ers haven’t found serious RESSlenbumponherarmatthein- toryapprovalsubmission“had
safety issues with the vac- APjectionsite. beenunlawfullyaccessed.”
M
cines,theydocomewithpos- U The most common side ef- Itcouldn’tbelearnedwhich
Z
sible side effects mostly of RE/fectsfoundinthePfizerandBi- documents were accessed.
mildtomoderateseverity,in- WIoNTechvaccinetrialsincluded PfizerandBioNTechhavesub-
A
cluding fever, fatigue, head- S/Ppain,rednessorswellingatthe mittedreamsofdatatoregula-
acheandarmpain.Severeal- NEinjection site, fatigue, head- tors in the U.S., Europe and
O
lergicreactionsarelikelytobe AJache, chills, muscle pain and elsewhere in an effort to win
rare,theysay. ORIjointpain,accordingtoanFDA regulatory approval for their
ThetwopeopleintheU.K. VICTanalysisreleasedTuesday.Side vaccine. Some of that data is
hadahistoryofallergicreac- U.K.regulatorssayanyonewithahistoryofsignificantallergicreactionsshouldn’tgettheshot. effectstendedtobemorefre- typicallywidelydisseminated,
tions and carried adrenaline quent after the second dose, including, eventually, for aca-
auto-injectors to deal with thevaccinewasgenerallywell accordingtotheanalysis. demicpeerreview.Butthesub-
theirallergies.Bothrecovered tolerated with no serious Direct-to-Consumer outsignofffromamedicalpro- Among those between 18 missions also include records
afterreceivingtreatment. safety concerns reported by vider.Itiscurrentlyavailable and 55 years of age, 16% of related to manufacturing and
TestKitIsCleared
The Medicines and Health- theindependentDataMonitor- online,andtheclearancealso participantswhoreceivedthe humanclinicaltrials,whichcy-
care products Regulatory ing Committee, the company enablesthecompanytopoten- vaccinehadfeverafterthesec- ber experts have said could
Agency(MHRA),thebodythat said,addingthatofthetrial’s tiallydistributethekitinretail ond dose. Fifty-nine percent provideanedgetootherstry-
gave the go-ahead for the more than 44,000 partici- TheU.S.FoodandDrugAd- stores. reportedfatigue,52%reported ing to refine their own pro-
Pfizer-BioNTechvaccineinthe pants, over 42,000 have re- ministrationclearedLabCorp’s LabCorp’skithadpreviously headache and 35% reported cessesordisruptarollout.
U.K.,hastolddoctorsandhos- ceivedasecondvaccination. mail-inCovid-19testforuse beenauthorizedforat-home chills. Thirty-seven percent The breach follows earlier
pitals that any person with a Most people won’t experi- withoutaprescriptionon samplecollectionwithadoc- hadmusclepain,22%reported attemptstobreakintosystems
history of significant allergic ence severe allergic reactions Wednesday,markingthefirst tor’sprescriptionandwas jointpainand10%reporteddi- atuniversitiesandpharmaceu-
reactionstoavaccine,medicine tothevaccine,doctorsandvac- authorizationofadirect-to- availabletoorderonline,simi- arrhea. Those older than 55 tical companies involved in
or food shouldn’t receive the cine experts say. They might, consumertestkit. lartootherat-homecollection tendedtoreportfewersideef- drug development and other
Pfizer-BioNTech vaccine. That however,experiencetemporary Thetestenablesanyindi- kitsavailableonthemarket. fects,accordingtotheanalysis. pandemicresponses,allseenas
includespeoplewithaprevious side effects such as fever and vidualaged18oraboveto Outofpocket,thetest ReactionslikeDr.Choi’sare keytohelpingcountriesrestart
historyofanaphylactoidreac- musclepain.Suchsideeffects self-swabasampleandshipit costs$119withacreditcard. why Northwell Health, which economiesguttedbythevirus.
tions and those who need to are signs of something called toLabCorpforanalysiswith- —BriannaAbbott comprises 23 hospitals and BioNTechandPfizersaidno
carryadrenalineautoinjectors. reactogenicity,health-carepro- nearly 800 health-care prac- systems belonging to the two
“As a precautionary mea- vidersandvaccineexpertssay, ticesinNewYorkCity,LongIs- companieshadbeenbreached
sure, the MHRA has issued anindicationthattheimmune anepidemiologistattheUni- prise or dissuaded from get- landandWestchesterCounty, in the attack, and they said
temporary guidance to the systemisdoingitsjob.Butthe versityofMichiganwholeads tingthevaccines,whichcome N.Y.,planstostaggerimmuni- theydidn’thaveevidencethat
NHS while it conducts an in- likelihoodofgettingthesetem- thepanelofexpertsthatwill in two shots spaced three or zations among staffers in an- any clinical-trial participants
vestigationtofullyunderstand porary side effects might be advisetheFoodandDrugAd- fourweeksapart. ticipation of any side effects hadbeenidentified.Theysaid
each case and its causes. higher than people expect, ministrationaboutauthorizing Kristen Choi, a participant that could put some out of they received assurance from
PfizerandBioNTecharesup- somevaccineexpertssay. Covid-19vaccines.Butreacto- inaPfizerandBioNTechvac- commissionforadayortwo. the European agency that the
porting the MHRA in the in- The Covid-19 vaccines are genicity is perfectly normal, cine trial and a nursing pro- —AnnaWildeMathews hackwouldn’taffectthetime-
vestigation,”Pfizersaid. “morereactogenicthantheflu he added, and people fessorattheUniversityofCal- andJoannaSugden lineforreviewofthevaccine,
InitsPhase3clinicaltrial, vaccine,” said Arnold Monto, shouldn’t be caught by sur- ifornia, Los Angeles, said the contributedtothisarticle. whichisscheduledforDec.29.
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“This is going to be one of Familymembers,reflectedinthewindow,wavedtonursing-home
Afreshtakeonthetraditional
the biggest public-health en- residentBarbaraFarriorafteravisitlastmonthinNewYork.
Byzantinenecklace!Ourhandcrafted deavorswe’veundertakenasa
country,”saidAmeshA.Adalja, ment is issuing recommenda- ministering the vaccine at
14ktyellowgolddesigngracefully senior scholar at the Johns tionsonwhomtovaccinatefirst long-term-carefacilitiescould
HopkinsCenterforHealthSe- andhowtoallocatethedoses, cost more than 10,000 of our
drapestheneckline,showcasingthe
curity.“It’snotjustadonedeal thefinaldecisionsandlogistics residentstheirlives,”theasso-
once we have a vaccine. It is are left up to states. Most ciationsaid.
signaturelinksatthecenterofacable
goingtobeaprocessthat’sgo- states’ plans remain in draft InFlorida,Gov.RonDeSantis,
chain.Aneasywaytolookput-together ingtohavehiccupsandissues form. Some have hundreds of aRepublican,saidresidentsof
withsupplychainsandissues pages of details, while others long-term-carefacilitiesforthe
andpolishedinaninstant. thatareunanticipated.” areafewdozenpageslong. elderlyarehispriority,though
A day before Thursday’s InTexas,thePfizervaccine, hisstate’sdraftplansaysfront-
meetingoftheadvisorypanel whichshipsinlargequantities linehealthworkerscomefirst.
evaluating the Pfizer vaccine, and requires storage at minus OfficialsatFlorida’shealthde-
the head of that committee 94degreesFahrenheit,willini- partmentdidn’trespondtoare-
said the shot is very likely to tiallybesentdirectlytohospi- questtocomment.
obtainemergency-useauthori- talslargeenoughtoimmunize ArizonaGov.DougDucey,a
zationbytheFDA.Theagency atleast1,000workersimmedi- Republican, said teachers
usuallyfollowstherecommen- ately,stateofficialssaid.Mean- would be among those to get
dationsoftheadvisorypanel. while, rural communities will thevaccineimmediatelyinhis
On Wednesday, Canada be- have to wait for the Moderna state.
came the third country to au- vaccine,whichcanbestoredin Educationassociationssent
thorizeuseofthePfizer-BioN- astandardfreezer. alettertotheCDClastmonth
Techvaccine,aftertheU.K.and In Ohio, state officials are arguingthatschoolpersonnel
Bahrain. planning to break down the shouldbeaprioritygroupfor
Aboutaweekaftertheinitial large Pfizer shipments into immunizations,toallowin-per-
Pfizershipment,whichcouldbe smallerbatchessotheycanbe sonclasses.
asearlyasthisweekend,about moreflexiblewithdistribution. Black Americans, Latinos
12.5milliondosesofModerna Local health staff have been andNativeAmericanshaveall
Inc.’svaccineareexpectedtobe runningdrillsinacentralware- been disproportionately af-
sentoutifitalsoreceivesFDA housetoensuretheycandivvy fected by Covid-19, studies
$279 authorization.Bothvaccinesare upthevaccinessafely,according show.AccordingtotheKaiser
given in two doses, three or totheOhioHospitalAssociation. Foundation, a majority of the
fourweeksapart.Federaloffi- Tensions over the order of stateplansmentionedfocusing
PlusFreeShipping cialssaidtheyexpecttodistrib- thelineforvaccinesarelikely on minority groups or under-
uteenoughvaccinesinDecem- toemerge,public-healthexperts servedpopulationsforvaccina-
14kt Yellow Gold Byzantine-Link Center Necklace ber to immunize about 20 said. tion. Plans in states including
millionpeople. Severalstatesintheirdraft North Carolina say minority
16"cablechainwitha2"extender.Lobsterclasp. Suppliesareexpectedtoin- plansgiveprecedencetofirst groups might harbor skepti-
creaseinJanuaryandbeyond. responderssuchaspoliceand cism about vaccines due to
Centerdesignis21/"widefromendtoend.
2 Federal officials said they ex- firefighters over long-term- past inequities in medical
Alsoavailablein18"$299;20"$319 pect to have enough Covid-19 careresidents,butthatmight treatmentandcallforcrafting
vaccine doses to immunize change after the federal Cen- messagingaimedtobuildtrust.
Shownlargerfordetail. about100millionpeopleinthe ters for Disease Control and TheDepartmentofVeterans
U.S.bytheendofFebruary. Prevention recommended last Affairshealth-caresystemand
Alongwithvaccinevials,dis- weekmovingupnursing-home the Indian Health Service are
Ross-SimonsItem#932485
tribution sites will receive re- residents.TheAmericanHealth bothreceivinginitialshipments
Toreceivethisspecialoffer,useoffercode:SHINE133 cordcardsforrecipientsnoting CareAssociation,whichrepre- anddisseminatingthemamong
whichvaccinetheyreceivedand sentslong-term-carefacilities, theirhealth-careworkers.
1.800.556.7376orvisitross-simons.com/shine whentheyareduebackforthe is pushing states to put their —JimCarlton,IanLovett
secondshot. workersandresidentsfirst. andBetsyMcKay
While the federal govern- “A one-month delay in ad- contributedtothisarticle.
THEWALLSTREETJOURNAL. Thursday,December10,2020|A9
**
U.S. NEWS
Sinopharm Shot Canada Approves Pfizer Vaccine
Is 86% Effective
BYPAULVIEIRA
ANDVIPALMONGA
BYRORYJONES timatewas.“Therearejustso Canada became the third
ANDCHAODENG many questions around the country to authorize use of
wayit’sbeenpresented.” theCovid-19vaccineproduced
DUBAI—A Chinese vaccine AU.A.E.officialinvolvedin by Pfizer Inc. and BioNTech
candidate showed to be 86% thetrialdidn’trespondtoare- SE, racing ahead of the U.S.
effectiveinprotectingpeople questforfurtherinformation. FoodandDrugAdministration
againstCovid-19inlate-stage Sinopharmdidn’trespondtoa andEurope’smainregulatorto
trials, the United Arab Emir- requestforcomment. approveshotsforitsmostvul-
ates said, a positive sign for TheU.A.E.saidithadregis- nerablecitizens.
the fight against the virus in tered the vaccine, paving the Canada will now begin its
thedevelopingworld. way for its wider use, having immunizationrolloutasearly
However, health experts approveditforemergencyuse asnextweek—adauntingchal-
cautionedthatmoreinforma- inSeptember.TheU.A.E.gov- lengeforasparselypopulated
tionwasneededonthePhase ernment and Sinopharm ha- countrywiththeworld’ssec-
3 trials. The efficacy rate an- ven’tdisclosedthefinancialde- ond-largest territory. The
nouncedbyauthoritiesinthe tailsoftheirtrialpartnership. countryisonscheduletobe-
U.A.E., where the trials took ThetrialbeganinJuly,in- gin inoculations next week,
place, would put the vaccine volving about 31,000 volun- with a portfolio of vaccine
abovethe50%thresholdthat teersandtwodifferentstrains candidates that it argues is
international scientists deem ofthevaccine.TheU.A.E.had among the most diverse
necessary to protect people. previously said one-third of amonglargeeconomies.
CandidatesdevelopedbyMod- the trial’s participants got a TheFDAisexpectedtoau-
ernaInc.andjointlybyPfizer placebo and the remaining thorize use of the vaccine as
Inc. and BioNTech SE have two-thirdswereadministered earlyasthisweekend,afterits RS
showntohaveefficacyratesof one of the two strains—one ownstudyconcludedthetwo- UTE
s9t4a.g5e%soafntdes9ti5n%g,irnesptheectifvienlayl. odtehveerloipneWduinhaBne.ijing and an- edvoesnevaafctecrinjeusptrotvhiedefdirsbteninejfeicts- ABLE/RE
G
The U.A.E. Health Ministry TheU.A.E.saidtheBeijing tion—cuttingtheriskofgetting R
AI
didn’tdisclosehowmanytrial strain was 86% effective. It Covid-19byabouthalf.Thevac- BL
participantsdevelopedCovid-19 wasn’t known whether an cinewasfoundtobe95%effec- PrimeMinisterJustinTrudeausaidthevaccinerolloutwouldfuelanaggressiveeconomicrecovery.
and how many of those re- tiveaftertheseconddose.The
ceivedaplacebooravaccine.It European Medicines Agency 249,000initialdosesinantici- familiar with the companies’ lifesavingvaccinesoveralon-
alsowasn’tknownwhetherthe Healthexperts has said a decision on either pationthatinoculationscould plans,BioNTechChiefExecutive gerperiod,accordingtoaper-
datawaspeerreviewed. the Pfizer-BioNTech shot or startasearlyasnextweek. UgurSahintoldTheWallStreet sonfamiliarwiththeplan.
cautionthatmore
The results were the first Moderna Inc.’s vaccine could Asmorecountriesmoveto Journallastmonththatdoses Canadian Prime Minister
from Phase 3 trials of a Chi- informationonthe comebytheendofthismonth. authorize the first Covid-19 wouldbedeliveredtowhatever JustinTrudeautoldtheJournal
neseCovid-19vaccine.Nearly The U.K. and Bahrain ap- vaccinedevelopedintheWest, governmentauthorizesthejab. onMondaythatapprovalwas
trialsisneeded.
one million Chinese people proved the Pfizer-BioNTech the companies behind it are TheU.S.,whichhasordered imminent.Hesaidthepending
have already received the vaccinewithinthepastweek. working to meet production 100milliondosesfor$1.95bil- vaccinerollout—combinedwith
shot,whichwasdevelopedby Canadian officials said targets. Pfizer and BioNTech lion,issettotakedeliveryof an aggressive fiscal policy—
state-owneddrugmakerSino- Wednesday they expected to havepresoldaround600mil- around25millionuponautho- wouldfuelaneconomicrecov-
pharm, after the government analysiswasconductedonthe soon issue a decision regard- lion doses across the world rization, while the European erythatisexpectedtogather
grantedemergency-useautho- Wuhanstrain. ingtheModernavaccine. buthaveproducedjustafrac- Union, which purchased 200 strengthbythemiddleof2021.
rizationforitinJuly. Whilesomepeoplewhore- “We are not in a race with tionofthatnumbersofar. milliondoses,willgetover20 Thegoal,Mr.Trudeausaid,
Public-healthexpertssaidthe ceived the vaccine got in- any other regulator. What we Pfizer and BioNTech said milliononceitclearsthevac- is to inoculate three million
headlinefiguresuggestedthat fected, it said the shot was aretryingtodoisbeatthisvi- thattheywouldmanufacture50 cine. The U.K., which bought Canadians by the end of the
theworldhadanotherworking 100% effective in preventing rus,”saidSupriyaSharma,se- milliondosesbytheendofthis 30milliondoses,issettore- firstquarter,andamajorityof
vaccineoption,althoughmore moderate or severe cases of nior medical adviser at Can- year—agoaltheyhavealready ceive up to five million ini- the country’s 38 million resi-
details were needed. Some thedisease.Theanalysisalso ada’s health department. “We hit,accordingtopeoplefamiliar tially. Japan has ordered 120 dentsbySeptember.
questioned why Sinopharm showed 99% of participants expedited the review, but we withthematter—andupto1.3 milliondoses,andtheChinese Canada’s vaccine strategy
hadn’tjointlypresentedthere- analyzeddevelopedantibodies didnotcompromiseintermsof billionbytheendof2021. territories of Hong Kong and to date has focused on accu-
sults. “I think it’s great news againstthedisease. thesafety,efficacyandquality.” About half the existing Macaoordered10million. mulatingthemostdosesona
but it’s a little unusual not to An 86% efficacy rate makes AspokeswomanforPfizer’s doses have been produced in The regulator for the EU, per capita basis as possible.
comefromthestudymanufac- Sinopharm’svaccineapotential CanadianunitsaidWednesday Europe,butmoreareexpected whichorderedthebiggestsin- Mr. Trudeau and other offi-
turer,”saidJeromeKim,direc- candidateformanycountriesin thatPfizerwouldsupplyCan- tocomefromtheU.S.asPfizer glecontingentofthevaccine, cialshaveboastedthatCanada
toroftheInternationalVaccine emergingmarketsthatcan’tim- adaupto76milliondosesof integratesproductionlinesin saiditwouldholdakeymeet- leads the world in that cate-
InstituteinSeoul. mediately gain access to vac- the vaccine. The agreement a Michigan factory that has ingDec.29aboutwhetherto gory. To date, Canada said it
AmongthedetailsthatMr. cinesfromtheWest.Bahrainhas callsforCanadatobuyamini- been upgraded over the past clear it for use. Should the has secured access to more
Kim said were still needed approvedemergencyuseofthe mumof20milliondoseswith fewmonths. bloc fail to authorize the jab than 400 million doses, but
wereconfidenceintervalsthat vaccine, while China is testing anoptionfor56millionmore. While Europe and North bythen,aportionofitsshare hasn’t disclosed financial
could give the public a sense thecandidateinEgypt,Argen- OnMonday,Canadasaidit America will receive most of wouldbeshippedelsewhereas terms of deals reached with
ofhowreliabletheefficacyes- tina,Peruandothercountries. secured early delivery of thedoses,accordingtopeople itwouldbeunethicaltostore thesevenleadingcandidates.
A10|Thursday,December10,2020 THEWALLSTREETJOURNAL.
****
WORLD NEWS
Asia Grapples With Rise in Cases
Japan Aims
For Missiles
SouthKorearenews Capable
somerestrictions,as
Japankeepsfocuson Of Striking
economystayingopen
North Korea
Some Asian countries that
havebeenamongtheworld’s
mostsuccessfulatcontaining BYCHIEKOTSUNEOKA
Covid-19arestrugglingtobeat
back a winter resurgence, a TOKYO—Japanplanstode-
signofhowelusivesustained velop missiles that can reach
progresscanbeuntilavaccine NorthKorea,partofadefense
getsrolledoutwidely. buildupthatwouldgiveTokyo
theabilitytostrikeifitantici-
ByDaslYooninSeoul patesanattack.
andMihoInada Lawmakers in the ruling
inTokyo partyapprovedthemissilepro-
posalWednesday,andDefense
On Wednesday, South Ko- MinisterNobuoKishisaidthe
rean President Moon Jae-in military wants to strengthen
convenedanemergencymeet- weapons systems that give
ing after the country saw aRESS Japanstrikecapabilityfrombe-
nine-monthpeakof686casesAP yondthereachofitsopponents.
M
thathasforcedofficialstouseU Japan has been reviewing
Z
shippingcontainerstoaddressA/ itsdefensesagainstPyongyang,
U
H
ahospital-bedshortage.JapanN whichhasbeendevelopingits
XI
onWednesdayrecorded2,810O/ ownmissileprogramincluding
H
new cases, the governmentG- intercontinental ballistic mis-
N
said,itshighestdailytotalyet.SA silescapableofhittingtheU.S.
Vietnam reported commu-LEE Dealing with North Korea is
nity infections for the first ContainerswerebeingconvertedintomakeshiftwardsatSeoulMedicalCenteronWednesdaytoaccommodatenewlyinfectedpatients. likelytobeatopchallengefor
timeinaroundthreemonths, President-electJoeBiden.
promptingauthoritiestosus- ingathomeorworksiteslong DailyconfirmedCovid-19 CollegeofMedicine. economygoingwhilefollowing While President Trump
pend all inbound commercial reopened—are now the out- cases,seven-dayrolling “Many young people grew basicrulessuchasventilation largely focused on threats to
flights.HongKong,whichhad breakorigins. average tiredoftheconstantwarnings andmask-wearing,butdidn’t the U.S. homeland, Japan is
takendailyinfectionsdownto The recent stumbles show Japan and infections spread all the enact a state of emergency worried about shorter-range
single digits, has seen cases howevenwell-fortifiedcoun- 2,000 way to elderly homes. This likeinAprilandMay. North Korean missiles, which
surge past 100, requiring the tries are subject to the pan- time,eventhecontact-tracing In South Korea, whose ag- Pyongyang frequently tested
reintroduction of limits on demic’scycleofinfections:the capacityisreachingitslimits gressive virus response has overJapaneseterritorybefore
dine-inrestaurantserviceand relaxationthatfollowsalow- becauseinfectionsareappear- become a global model, offi- an informal moratorium
1,500
gymclosures.PartsofMalay- eringofviruscasesinevitably ingatsomanydifferentloca- cialsadoptednewrestrictions prompted by meetings be-
sia went into lockdown after triggersfreshrestrictions. tionsatonce,”Mr.Kimsaid. thisweekintheSeoulmetro- tween Mr. Trump and North
casesdoubledwithinamonth. As Asian governments The response in South Ko- politanareawherethemajor- KoreanleaderKimJongUn.
Malaysia
“Wehaveovercomecorona- maintained relatively low in- reahasbeenusingthestrate- ityofnewcasesareemerging. Former Prime Minister
1,000
viruscrisesseveraltimes,but fections in recent months, giesthathavehelpedthecoun- Local health experts say ShinzoAbe,whoselengthyterm
nowweareinamoreserious people began crowding bars trynavigatethepandemic. contact tracing has become inpowerwasmarkedbyamili-
situationthanever,”Mr.Moon andrestaurants,andincreased Japan, which hasn’t used more difficult as younger pa- tarybuildupfocusedonChina
saidduringameetingwithof- mobilityresultedininfections South heavyinterventionoraggres- tients, mostly asymptomatic, andNorthKorea,mademissile
500 Korea
ficialsthisweek.Hecalledfor among family members and sivetestingtocorralthevirus, unknowinglyspreadthevirus. defensethesubjectofhisfinal
expandedcoronavirustesting, duringprivategatherings. has made even fewer moves Thepositivityrateroseto4% actinoffice.Justbeforehand-
promptingtestingfacilitiesto The new resurgence has than during earlier infection from1%inSouthKoreawithin ing the reins in September to
Hong
extendworkinghoursandre- broughtfreshstressestomed- surges. That is despite the amonthasinfectionsspreadat Yoshihide Suga, Mr. Abe said
0 Kong
opendrive-throughsites. icalsystemsandpreventiveef- new surge affecting more el- saunasandcollegecampuses. Tokyo would come up with a
Though the virus tallies forts officials hoped could Oct. Nov. Dec. derly patients who are at Health authorities have planbytheendoftheyear.Part
pale in comparison with the withstandawinteronslaught. Source:JohnsHopkinsCSSE higher risk. Patients needing warnedofa“medicalcollapse” oftheplanistobuildtwoAegis
U.S., Europe and elsewhere, Japan and South Korea ventilationsupportandextra- in the Seoul area, as three- shipsformissiledefense.
theuptickinoutbreaksamong have mobilized military per- morefocusedoneconomicre- corporeal membrane oxygen- quarters of hospital beds for Wednesday’s meeting by
Asia’sCovid-19successstories sonnel to aid hospitals and covery while citizens grew ation, or ECMO, in which a Covid patients are occupied. therulingLiberalDemocratic
comes after life had been re- contact-tracingefforts. tiredofregulations,saidKim machinedoestheworkofthe Those saved for patients in Party’s defense panel backed
storedtopre-pandemiclevels. Tokyo and Seoul antici- Dong-hyun, the head of the lungs, have doubled over the criticalconditionare90%full. thenewAegisships.Theyare
Butthiswinterupturnismore patedawintersurgeofcases. Korean Society of Epidemiol- pastmonth,officialssaid. Authorities have asked resi- expected to get final govern-
diffuse,asplacesonceconsid- But government officials in ogy and a professor at South Japaneseofficialshaveem- dents to stay home until the mentapprovalthismonth.
eredhavens—afamilygather- thetwoAsiancountrieswere Korea’s Hallym University’s phasizedtheneedtokeepthe endoftheyear. Thebuildupispoliticallysen-
sitivebecauseofJapan’spacifist
WORLDWATCH traditioninthepostwareraand
itsconstitutionalprohibitionon
possessingwarpotential.
Some in the ruling party
CHINA CANADA want Japan to make clear its
willingnesstostrikeanenemy
Consumer Prices Bank Leaves Key Rate
baseevenbeforeitishititself.
Show Annual Decline Unchanged at 0.25% They have in mind scenarios
in which North Korea is de-
China’sconsumerprices TheBankofCanadaleftits tected preparing to launch
droppedforthefirsttimeinovera benchmarkovernightinterestrate missiles at Japan. But Mr.
decadeinNovember,thoughecon- unchangedat0.25%Wednesday Suga has shied away from
omistssaythedecreasedoesn’t andreiterateditsguidancethat openlythreateningNorthKo-
signalfalteringdemandinthe thekeyratewouldlikelyremainat reawithapre-emptivestrike.
SS
world’ssecond-largesteconomy. RE thatleveluntil2023.Thecentral Theplantobuildnewmis-
P
Thefallwasdrivenbyvolatile A bankalsosaiditwouldcontinue siles would take a middle
M
foodprices,includingthecontinued ZU itsquantitativeeasingprogramat course: They could be used
retreatofporkpricesassupplyre- SS/ thecurrentpaceofatleast4bil- pre-emptivelywithoutanyex-
A
coversfromtheravagesofAfrican N/T lionCanadiandollarsaweek,or plicitstatementtothateffect.
swinefever.Othereconomicindi- MI theequivalentofUS$3.12billion. “Itisnotaimedatattacking
U
catorshaveshownacontinuedre- RY —KimMackrael enemy bases,” Chief Cabinet
R
coveryfromCovid-19shocks. DE SecretaryKatsunobuKatosaid.
N
China’sconsumer-priceindex A SUDAN Jun Azumi, a opposition
X
inNovemberwasdown0.5% ALE U.N. Is Divided on party lawmaker, said despite
fromayearearlier,theNational PROTESTSINYEREVAN:Armeniansdemonstratedinthecapital,callingforthegovernmenttoresign suchassurances,“wearecon-
BureauofStatisticssaid overaRussian-brokeredcease-firewithAzerbaijaninthedisputedterritoryofNagorno-Karabakh. Darfur Peacekeeping cerned that it deviates from
Wednesday,aftera0.5%risein thedefensepolicythatJapan
October.Itwasthefirstnega- KOREAS dayatSouthKorea’sforeignmin- cameastheU.S.envoytoNorth U.N.SecurityCouncilmem- hasmaintainedthroughoutthe
tivereadingsinceOctober2009. ister,KangKyung-wha,whosaid Korea,StephenBiegun,was bershaveaffirmedtheircom- postwarera.”
North Blasts South
EconomistspolledbyTheWall atasecurityforumlastweekthat makingavisittoSeoul. mitmenttoendthejointU.N.- Officials declined to give
StreetJournalhadforecastNo- Over Covid-19 Remark Pyongyang’soft-repeatedclaimof Inbriefremarkstoreporters AfricanUnionpeacekeeping the exact range of the pro-
vember’sCPIwouldcomeinflat. zeroconfirmedCovid-19casesis Wednesday,Mr.Biegundidn’t forceinSudan’swesternDarfur posedmissile,butItsunoriOn-
Thestatisticsbureausaid NorthKoreavilifiedatop “hardtobelieve.”Inapparentre- addressMs.Kim’sstatement.He region,butweredividedonthe odera,aformerdefenseminis-
foodprices,down2.0%froma Seoulofficialoverherrecentre- sponse,Ms.Kimsaid,“Wewill saidtheTrumpadministration’s timing,withRussiaandAfrican ter who heads a ruling-party
yearearlier,weighedheavilyon marksaboutPyongyang’span- neverforgetherwordsandshe effortstoengagewithPyong- nationscallingforaDec.31end nationalsecuritypanel,saidit
November’sheadlineCPI.InOc- demicresponseanddeployeda mighthavetopaydearlyforit.” yangaren’tover.“Ourworkto- andsomeWesternnationsurg- wouldhave“standoffcapabil-
tober,foodpriceswereup2.2% familiarmouthpiece,KimYoJong, SouthKorea’sforeignminis- getheroverthesepast2½years ingmoretime.Themandateof ity,”meaningitcouldhittar-
fromayearearlier. sisteroftheregime’sleader. trydidn’tcommentonMs.Kim’s isastoryofleadership,”hesaid. thejointmissionendsDec.31. gets beyond the range of the
—ErinMendell Ms.KimtookaimonWednes- statement.Ms.Kim’scomment —TimothyW.Martin —AssociatedPress enemy’sabilitytostrikeback.
FROM PAGE ONE
DoorDash
theStanfordGraduateSchool expandedintogrocerydeliver- panies charge them. Others, The company joined with like those from other tech
of Business, said in an inter- iesduringthepandemic. suchasDomino’sPizza,don’t other on-demand companies startups,havesoughttoshore
Delivers view. Mr. Xu said deliveries be- usethird-partydeliveryfirms, to fight a California law that up voting control of their
DoorDash has trained its camefasterduringthehealth citing those costs and other sought to reclassify contract company.
effortsonsuburbanareas,al- crisis,inpartbecauseofless factors. workers as full-time employ- Mr. Xu will own a special
In Debut lowingthecompanytobenefit trafficonstreetsandbecause Those battles could inten- ees. class of stock through which
inpartbecausefamiliesthere DoorDash became more effi- sifyinthefuture.Uber,forex- DoorDash’spublicoffering hewillhaveabout69%ofthe
tendtoplacelargerorders. cient. ample, said merchants de- occurredamidasurgingstock votingcontrolofthecompany.
Thecompanycontrolledal- The pandemic also has re- served transparency on market and robust gains Mr.Xusaidpotentialinvestors
mosthalfoftheU.S.food-de- sultedinstrongerdemandfor pricingwhenitcompletedits amongtechnologycompanies didn’taskquestionsabouthis
ContinuedfromPageOne liverymarketasofmid-Octo- food-deliverycompanies.Both listing their stocks for the votingcontrol.
and stoke further growth to ber, up from one-third the chainandindependentopera- firsttime. MajorownersofDoorDash
satisfyheightenedshareholder year earlier, giving it a lead tors have tapped delivery Thepandemichas So far in 2020, more than stock include entities affili-
expectations. overUberTechnologiesInc.’s companiestoreachcustomers $140 billion has been raised ated with SoftBank Group
resultedinstronger
The company believes the Eatsservice,GrubhubInc.and as they closed dining rooms onU.S.exchanges,farexceed- Corp.,SequoiaCapitalandthe
ease by which diners can get otherrivals. orlimitedseatingindoors. demandforfood- ing the previous full-year re- governmentofSingapore,ac-
fooddeliveredwon’tbeafad, The company will be the “What the pandemic has cord set at the height of the cordingtothecompany’spro-
deliverycompanies.
butdemandcouldslowasvac- only public stand-alone U.S. doneandwhatDoorDashhas dot-com boom in 1999, ac- spectus for the public offer-
cines for the coronavirus are food-delivery company after shown,atleastinitsfilings,is cordingtoDealogicdatathat ing.
distributedandpatronsreturn Grubhub agreed to be ac- you’re able to hit profitabil- dateto1995. ForthequarterendedSept.
to restaurant dining rooms quiredinJune. ity,”saidEvercoreISIanalyst Home-rentalstartupAirbnb 30,DoorDashreportedaloss
theyhavebeenavoiding. UberTechnologiesrecently Benjamin Black, who covers acquisition of Postmates in Inc. priced its shares at $68 of$43millionon$879million
“Oncepeoplegetusedtoa bought rival Postmates Inc. Uber. December. eachonWednesday,aboveits in revenue, compared with a
habit,theytendtostickwith for $2.65 billion, in a move In the second quarter this DoorDash faced criticism already increased targeted loss of $152 million on $239
it. We saw this with e-com- aimedathelpingitindelivery. year, DoorDash generated a lastyearfromadvocatesabout range, people familiar with million in revenue for the
merce, we saw this with DoorDash has focused on profitof$23million. howitscourierswerecompen- themattersaid,inyetanother year-earlierperiod.
bookingtravelovertheinter- boosting the number of res- Somerestaurantcompanies sated,asituationthatleditto signofexuberanceintheIPO —PreetikaRana
net,” Mr. Xu, a 36-year-old taurantsfromwhichconsum- havepushedbackonthefees tweakhowithandlestipsthat market. andMaureenFarrell
who earned an M.B.A. from erscanchooseonitsappand and costs that delivery com- dinersleaveforthem. DoorDash’s co-founders, contributedtothisarticle.