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Moonves out As CBS Settles Suit With over 300 commission-free ETFs, ADVERTISEMENT you’llfindonethatinterestsyou. Get access to commission-free ETFs in dozens of sectors and a screener tool to help you find the ones you want. Turn to page R10. ****** MONDAY, SEPTEMBER 10, 2018 ~ VOL. CCLXXII NO. 59 WSJ.com HHHH $4.00 Last week: DJIA 25916.54 g 48.28 0.2% NASDAQ 7902.54 g 2.6% STOXX 600 373.77 g 2.2% 10-YR. TREASURY g 25/32 , yield 2.944% OIL $67.75 g $2.05 EURO $1.1553 YEN 111.03 What’s Moonves Out as CBS Settles Suit CEO exits amid new saulted numerous women over gate his alleged misconduct lion to “organizations that cle detailing new allegations News sexual misconduct his career, CBS said, a stun- complete their work, the com- support the #MeToo move- from six more women, includ- ning downfall for one of the pany said. ment and equality for women ing that Mr. Moonves forced claims; deal brokered entertainment industry’s most If Mr. Moonves is cleared in the workplace,” the com- some to perform oral sex, en- Business&Finance over company control powerful figures. of wrongdoing, he could walk pany said in a statement. gaged in other violent and in- CBS also announced a set- away with more than $100 That amount would be de- timidating behavior and retali- tlement of outstanding legal million, according to a person ducted from any severance ated against them when BS CEO Moonves is BY KEACH HAGEY disputes with its controlling familiar with the matter. But that Mr. Moonves would get. rebuffed. Cleaving the company AND JOE FLINT shareholder, National Amuse- if he is found to have engaged The law firms tapped by In response to the latest amid sexual-harassment ac- ments Inc., which will replace in serious misconduct, he CBS are investigating assault claims, Mr. Moonves acknowl- cusations, and CBS said it CBS Corp. Chairman and six members of CBS’s board. would walk away with noth- and harassment accusations edged to the New Yorker three settled legal disputes with its Chief Executive Leslie The size of Mr. Moonves’s ing, several people familiar against Mr. Moonves that sur- of the six alleged encounters controlling shareholder. A1 Moonves is leaving the com- exit package will be decided with the matter said. Mr. faced in a New Yorker article but said they were consensual. pany amid accusations that he only after the law firms that Moonves and CBS agreed to in July. The New Yorker pub- Previously, he has said he re- Alibaba’s Jack Ma said sexually harassed and as- CBS’s board hired to investi- immediately donate $20 mil- lished on Sunday another arti- PleaseturntopageA4 he will step down as exec- utive chairman in a year and hand over the reins to CEO Daniel Zhang. A1 North Korea Marches in a Parade Without Long-Range Missiles Google will appeal an or- Assad Is der to extend the EU’s “right to be forgotten” to its search engines world-wide. B1 Planning An oil-price drop has prompted many investors to reassess whether global Chlorine growth will continue stok- ing demand for fuel. B1 Attack, President Trump called on Apple to shift production to the U.S. and out of China, af- ter the company said U.S. tar- U.S. Says iffs on goods made in China would affect its products. A4 BY DION NISSENBAUM A new kind of drugmaker WASHINGTON—President is emerging to meet demand Bashar al-Assad of Syria has ap- for lower-priced medicines proved the use of chlorine gas by custom-making drugs, in an offensive against the coun- much like pharmacies that try’s last major rebel strong- mix their own medicines. B3 hold, U.S. officials said, raising Apple plans to unveil the prospects for another retal- two new models with its iatory U.S. military strike as largest iPhone screens yet, thousands try to escape what as well as an updated ver- could be a decisive battle in the sion of its iPhone X. B4 seven-year-old war. In a recent discussion about World-Wide Syria, people familiar with the ALEXANDER DEMIANCHUK/TASS/ZUMA PRESS exchange said, President Trump IN STEP: North Korea celebrated its 70th anniversary with a military parade marked by the absence of any intercontinental ballistic threatened to conduct a massive missiles. The parade in the past has been used to display long-range missiles as a message to Washington. A7 attack against Mr. Assad if he Syrian President Assad carries out a massacre in Idlib, has approved the use of the northwestern province that chlorine gas in an offen- has become the last refuge for sive against the last major more than three million people rebel stronghold, U.S. offi- and as many as 70,000 opposi- cials said, raising the pros- tion fighters that the regime pects for another retalia- Alibaba Picks Jack Ma’s Successor considers to be terrorists. tory American strike. A1 BY LIZA LIN working in education. Before He said he would continue Alibaba was never about Jack International efforts to avert Sweden became the lat- founding Alibaba in 1999, Mr. as the founding partner in the Ma, but Jack Ma will forever an offensive have failed to dis- est European country to Chinese e-commerce tycoon Ma was a teacher—and is Alibaba Partnership, a group belong to Alibaba.” suade Syria, Russia and Iran as shift to the right as a Jack Ma said Monday he will known within the company as of senior executives who have Mr. Zhang, 46, will assume they try to deliver a crippling party with roots in neo- step down as executive chair- “Teacher Ma.” the right to nominate most of leadership of China’s biggest blow to rebels who appear to be Nazism garnered an esti- man of Alibaba Group Holding In a letter addressed to cus- the company’s board despite technology company with on the verge of defeat after try- mated 17.6% of votes in Ltd. one year from today, turn- tomers, shareholders and em- not holding a majority of the businesses spanning e-com- ing for seven years to force Mr. Sunday’s election. A6 ing over the helm to Daniel ployees—referred to as “Ali- company’s shares. merce, cloud computing and Assad from power. Russia and Zhang, the company’s chief ex- ren”—Mr. Ma said he would “The world is big, and I am entertainment. It controls a Syria have stepped up their air- Negotiators in Congress ecutive officer. complete his current term as a still young, so I want to try massive mobile payment net- strikes, while thousands of civil- are expected to secure a Mr. Ma made the an- member of Alibaba Group’s new things—because what if work, and it is driving hard ians have been evacuated to deal on a package of three nouncement on his 54th birth- board of directors until its an- new dreams can be realized?” into new ventures built on government-controlled parts of spending bills, part of day, saying he has “lots of nual general meeting of share- Mr. Ma. wrote. “The one thing quantum computing and artifi- Syria. Mr. Assad has rebuffed plans to avoid a partial dreams to pursue” including holders in 2020. I can promise everyone is this: PleaseturntopageA2 appeals from the United Na- government shutdown. A4 tions, Turkey, the U.S. and oth- Hurricane Florence ers who have warned that an at- headed toward the Djokovic Takes 14th Grand Slam tack could trigger a new Southeastern U.S., and U.S. and China humanitarian crisis. areas from South Caro- “Syria is once again at the lina up through Virginia edge of an abyss,” Francois were warned to prepare Delattre, the French ambassador for the storm. A2 Battle for 5G to the United Nations, said last week during a U.N. Security North Korea’s 70th-an- Council meeting on Idlib. niversary military parade The Pentagon is crafting mili- was marked by the ab- Dominance tary options, but Mr. Trump sence of any intercontinen- hasn’t decided what exactly tal ballistic missiles. A7 would trigger a military re- A lawsuit in New York sponse or whether the U.S. could test the degree to would target Russian or Iranian which employers can Companies rush to test next generation of military forces aiding Mr. Assad snoop through their work- mobile networks in fight for wireless future in Syria, U.S. officials said. ers’ electronic devices. A3 The U.S. could also use things MATTHEW STOCKMAN/GETTY IMAGES like targeted economic sanc- JOURNAL REPORT The early waves of mobile China making the bigger BIG WIN: Novak Djokovic celebrates his U.S. Open victory over Juan PleaseturntopageA8 communications were largely push. Martín del Potro. Plus, Jason Gay on the women’s final. A14 Financial-Advice driven by American and Eu- The new networks are ex- U.S. shifts policy as major ropean companies. As the pected to enable the steering battle is in the making........ A8 Rules in Flux next era of 5G approaches, of driverless cars and doc- promising to again transform tors to perform complex sur- Investing in Funds & ETFs, geries remotely. They could Treasure Hunter Searches Rhine River—for a Train R1-10 By Josh Chin, Sarah power connected appliances Krouse and Dan in the so-called Internet of iii Strumpf Things, and virtual and aug- CONTENTS Markets Digest..... B6 mented reality. Towers Business & Finance B2-3 Opinion.............. A15-17 After 30 years, quest for 19th-century steam engine looks promising Crossword.............
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