Google Wins Copyright Fight with Oracle in Supreme Court
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P2JW096000-6-A00100-17FFFF5178F ****** TUESDAY,APRIL 6, 2021 ~VOL. CCLXXVII NO.79 WSJ.com HHHH $4.00 DJIA 33527.19 À 373.98 1.1% NASDAQ 13705.59 À 1.7% STOXX 600 Closed (432.22) 10-YR. TREAS. À 1/32 , yield 1.718% OIL $58.65 g $2.80 GOLD $1,727.00 À $0.50 EURO $1.1813 YEN 110.18 Baylor Trounces Gonzaga 86-70toWin NCAA Hoops Title U.S. Aims What’s News ForGlobal Minimum Business&Finance Corporate he Supreme Court,ina T6-2opinion, ruled for Alphabet’sGoogle in a mul- TaxRate tibillion-dollar battle with Oracle over elements of Biden team, seeking Google’s Android smart- phone-operating system. A1 revenue, hopes to keep Agreater share of people foreign firms from with lowcredit scores has having an advantage been falling behind on car paymentsinrecent months, a BY RICHARD RUBIN sign of stressamong consum- S AND KATE DAVIDSON ers whose finances have been PRES hit hardbythe pandemic. A1 TED WASHINGTON—Treasury Homeownersinarrears OCIA SecretaryJanet Yellen argued SS would generally not face /A foraglobal minimum corporate foreclosure until 2022 un- taxrateMonday, seeking inter- der a proposal floated by national cooperation that is the Consumer Financial CUMMINGS crucial to funding the Biden ad- Protection Bureau. A3 ON ministration’s$2.3trillion in- RR frastructure proposal. U.S. stocks climbed in the DA NO CONTEST: Players forthe Baylor Bears celebrate afterwinning college basketball’smen’s national championship Monday President Biden’sproposal firstsession afterFriday’s night in Indianapolis.TheyendedGonzaga’s chancetobethe first undefeatedchampion sincethe Indiana Hoosiersin1976. A12 to raise the corporatetax rate jobs report, with the Dow to 28% from 21% would push and S&P 500 rising 1.1% and the U.S. from the middle of the 1.4%, respectively,torecords. pack among major economies TheNasdaq added 1.7%. B11 to near the top. TheBiden plan GameStop said it could would also impose a21% mini- raise hundreds of millions GoogleWins Copyright Fight mum taxonU.S.companies’ of dollarsfromstock sales foreign income,removeanex- in coming months,asthe port incentiveand raise taxes videogame retailer turns to on some foreign companies’ public marketstohelp sup- With Oracle in Supreme Court U.S. operations. port itsturnaround plan. B1 If the U.S. raises itstax rates and imposes higher burdens on Coinbase’soffering pro- U.S. companies’ foreign profits, spectus classifies two hold- BY BRENT KENDALL build on each other’s products. that allowprograms,websites devices world-wide. aglobal minimum taxwould ersofsignificant stakes in AND TRIPP MICKLE The court, in a 6-2 opinion or apps to talk to one another. Oracle previouslysought as help prevent companies head- the cryptocurrencyexchange, MondaybyJusticeStephen “Google’scopying did not much as $9 billionindamages quartered in other countries including aco-founder,as WASHINGTON—TheSu- Breyer,threw out alower- violatethe copyright law,” from Google,though the com- from having asignificant po- independent directors. B1 preme Court ruled for Alpha- court ruling forOracle that Justice Breyer wrote. panymight have faced chal- tential advantage. That coordi- SoftBank Group agreed bet Inc.’sGoogle in amultibil- said Android infringed its Oracle, which acquired the lenges in collecting that much nation and the ensuing taxrev- to pay $2.8 billion for a lion-dollar battle with Oracle copyrightsonthe Java soft- Java technologywhen it in penalty proceedings had it enue—not necessarily the aims 40% stake in Norwegian Corp.overelementsofware platform. Thehigh court bought SunMicrosystems Inc. woN in the high court. of U.S.-based companies—rank warehouse-automation Google’sAndroid smartphone- said Google’scopying of some in 2010,accused Google of ille- Theruling didn’t do away high on the administration’s companyAutoStore. B1 operating system, adecision Java API code wasfair use. gally copying morethan 11,000 with copyright protections for PleaseturntopageA2 that could weaken software APIs, or application program- lines of Java API code to de- APIs but dealt ablowtothem LG Electronics will exit copyright protections but al- ming interfaces,are prewrit- velop Android, which runs nevertheless, a potential set- Democrats pitch international itsunprofitable smartphone low developers more room to tenpackages of computer code more than two billion mobile PleaseturntopageA6 corporate tax plan.................. A2 businessafter yearsofstrug- gling to competewith indus- tryleadersApple and Sam- sung,aswell as other rivals. B3 Risky Borrowers Fall Behind China Is Creating World-Wide On CarPaymentsinPandemic Digital Currency, First Yellen argued for a global minimum corporate tax ForaMajor Economy rate, seeking international BY ANNAMARIA ANDRIOTIS Shareofsubprime auto Shareofautoaccounts cooperation that is crucial AND BEN EISEN borrowers who aremorethan in deferment or other to funding the Biden ad- 60 days late on payments hardship status ministration’s $2.3 trillion Agreater shareofpeople Cyber yuan will let Beijing track spending infrastructure proposal. A1 with lowcredit scores has been 10% 10% Senate Democrats offered falling behind on their carpay- in real time, pose challenge to dollar proposals to increase taxes mentsinrecent months, asign 10.9% 8 8 on U.S. firms’ foreign profits of stressamong consumers BY JAMES T. AREDDY puter code. and movethe system in the whose finances have been hit Cryptocurrencies such as same general direction as hard by the pandemic. 6 6 A thousand years ago, bitcoin have foreshadowed a the administration’splan. A2 Some 10.9%ofsubprime bor- when money meant coins, potential digital future for rowers with outstanding auto China invented paper cur- money, though they exist TheSenate’s nonpartisan loans or leases were morethan 4 4 rency. Now the Chinese gov- outside the traditional global parliamentarian ruled in fa- 2.5% vorofaDemocratic effort to 60 days past due in February, ernment is minting cash dig- financial system and aren’t up from 10.7%inJanuaryand itally, in a re-imagination of legal tender like cash issued passadditional legislation 8.7% ayear prior,according to 2 2 money that could shake a by governments. through aprocess called credit-reporting firm Trans- pillar of American power. China’s version of a digital reconciliation, according to Union. It marked the sixth con- It might seem money is currency is controlled by its aspokesman forSchumer. A4 0 0 secutive month-over-month in- already virtual, as credit central bank, which will is- The Minneapolis police crease and the highest level in 2020 ’21 2020 ’21 cards and payment apps sue the new electronic chief testified at the trial of monthly datagoing back to Jan- Note:Monthly rates Source:TransUnion such as Apple Pay in the U.S. money. It is expected to give Derek Chauvin that the for- uary2019. and WeChat in China elimi- China’s government vast new mer officer violated multi- More than 9% of subprime 60 days past due in the fourth creasing in what has otherwise nate the need for bills or tools to monitor both its ple policies when he knelt autoborrowers were morethan quarter, the highest quarterly been aperiod of relatively low coins. But those are just economy and its people. By on George Floyd’s neck for figure in datagoing back to consumer delinquencies,with ways to move money elec- design, the digital yuan will morethan nine minutes. A3 Consumer agency seeks to 2005. stimulus payments,unemploy- tronically. China is turning negate one of bitcoin’s major restrict foreclosures............... A3 Themissed paymentsare in- PleaseturntopageA6 legal tender itself into com- PleaseturntopageA8 McConnell threatened “serious consequences” for corporations that re- taliate against Republican- INSIDE Diners Start Dipping Back In, led efforts to pass new state election laws. A4 But Ketchup Can’t Catch Up India recorded morethan iii 100,000 fresh Covid-19 cases forthe firsttime,exceed- OL Pandemic turned restaurants into ing the daily totals every- PO S whereelse in the world. A16 takeout specialists, boosting demand Plans change. /PRES Jordan’s royal family is TV T BY HEATHER HADDON based BlakeStreet Tavern, trying to mediate ariftbe- UR CO AND ANNIE GASPARRO who has struggled to keep tween the country’smonarch PowerStore ketchup in stock formuch of and aformer crownprince, U.S. NEWS Supply chain problems are this year. the RoyalCourt said. A7 Minneapolis police reaching intoafar corner of Thepandemic turned many Harvey Weinstein’s law- chief testifies Chauvin the businessuniverse: Ketchup sit-down restaurantsintotake- adapts. yers asked aNew York appeals packets. out specialists, making indi- court to grant the former violatedpolicies on use Afterenduring ayear of vidual ketchup packetsthe pri- movie producer anew trial. A3 of force. A3 closures,employeesafety mary condiment currency for Storage that’salwaysin Died: Robert Mundell,88, fearsand start-stop openings, both national chains and sync with the needs of manyAmerican restaurants mom-and-pop restaurants. Nobel-winning economist. A2 arenow facing anationwide Packet prices areup13% since your business. ketchup shortage. Restaurants January 2020, and their mar- CONTENTS Opinion.............. A13-15 aretrying to securethe table- ket share has exploded at the Arts in Review.... A11 Personal Journal A9-10 J topstaple afterCovid-19 up- expense of tabletop bottles, Business News.. B3,5 Sports........................ A12 WS Capital Journal...... A4 Technology............... B4 R endedthe condiment world according to restaurant-busi- Crossword............... A11