Children 12 to 15 Are Cleared by FDA to Get Pfizer Vaccine
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P2JW131000-6-A00100-17FFFF5178F ****** TUESDAY,MAY 11, 2021 ~VOL. CCLXXVII NO.109 WSJ.com HHHH $4.00 DJIA 34742.82 g 34.94 0.1% NASDAQ 13401.86 g 2.5% STOXX 600 445.39 À 0.1% 10-YR. TREAS. g 7/32 , yield 1.601% OIL $64.92 À $0.02 GOLD $1,837.50 À $6.40 EURO $1.2130 YEN 108.84 New Clashes in Jerusalem Spark Fears of Wider Conflict Pipeline What’s News Attack Risks Business&Finance Closure he cyberattack that T forced the closure of the top U.S. fuel pipeline For Week threatens to disrupt gaso- line supplies for millions, as the conduit’sowner es- Estimate of disruption timated it would take at least through week’s end comes as FBI points to restore service. A1, A6 to a hacker group European governments known as DarkSide are acting to limit hedge funds’ participation in the Thecyberattack that forced market for new sovereign- GES theclosureofthe topU.S.fuel bond issuanceafter asurge in IMA pipeline threatens to disrupt demand from the firms. A1 gasoline supplies for millions Marriott swung to a GETTY as the conduit’sowner esti- lossfor the firstquarter, SE/ mated on Mondaythat it but the hotel company would take at least through pointed to rising demand week’s end to restore service. ANCE-PRES in the U.S. and Canada. B1 FR By Collin Eaton, TheNTSBraised doubts ENCE Amrith Ramkumar that afatal Aprilcrash of a AG and Dustin Volz Tesla carinTexas involved ABLI/ thevehicle’sadvanced GHAR Thenew timeline by the driver-assistancesystem. B1 ownersofthe Colonial Pipe- Elliotthas astake in Duke line, a 5,500-mile system that AHMAD Energy and is pushing the ON EDGE:Palestinians run forcoverfromteargas fired by Israeli security forces in protestsatJerusalem’s Al Aqsa Mosque transports fuel from Texas to utility to add directors and compound. Israel carriedout airstrikes in Palestinian territory aftermilitantsinGaza fired abarrage of rockets. A8 New Jersey, came as the Fed- possibly take other actions eral Bureau of Investigation to boost its stock price. B1 said it believed the attack in- volved acriminal gang with Startup mortgagelender Eastern European ties known Better is planning to go as DarkSide. public through a merger Children 12 to 15 AreCleared Colonial Pipeline Co.said with a special-purpose ac- Monday it hoped to substan- quisition company. B1 tially restoreserviceonthe TheS&P 500,Nasdaq pipeline,which it shut Friday, and Dowretreated 1%, 2.5% By FDAtoGet Pfizer Vaccine by the end of this week. and 0.1%, respectively, as TheColonial Pipeline trans- technology and other portsabout 45% of the fuel growth stocks tumbled. B9 consumed in the East Coast, U.S. health regulators have the vaccine’suse to children as gotalittle brighter,” President Theauthorization could according to the company’s Vice Media’s plans to forthe firsttime cleared a young as 12. Biden said. also bolster schools’ effortsto website. go public through a nearly Covid-19 vaccine’suse in chil- Themovecomes aftera Theexpansion “isasignifi- open classrooms full-time to TheAlpharetta,Ga.-based $3 billion SPAC deal would dren, paving the way formany study of 2,260 adolescents cant step in the fight against middle- and high-school stu- companynoted that restoring leave existing investors to be immunized before sum- found the two-dose shot the Covid-19 pandemic,” Acting dentsfor five days aweek,su- itsnetwork,incoordination with control of the firm. B3 mer camps and the start of worked safely in that age FDACommissioner Janet perintendentsand education with the Energy Department NBC said it wouldn’t broad- group. Woodcock said. “Today’saction leaderssaid. Manydistricts andother federal agencies, cast the Golden Globes next By Jared S. Hopkins, Itsexpanded use is ex- allows forayounger population have already made public full- will take time,and that it was year,amovethat comes as the Thomas M. Burton pected to boost a vaccination to be protected from Covid-19, time reopening plans for this bringing segmentsback online organization that oversees and Jennifer Calfas campaign seeking to immunize bringing us closer to returning fall, though uncertainty in stages. the event has drawnfire. B3 as manypeople as possible be- to asense of normalcyand to PleaseturntopageA7 PleaseturntopageA6 the next school year. fore dangerous variantsable ending the pandemic.” World-Wide Millions of people ages 16 to elude shots emerge. Wider Dr.Woodcock said the Novavax delays plans to seek DarkSide criminal group was yearsand older have takenthe use of the vaccines also could agencymade itsdecision after clearances for its vaccine... A7 involved in hack....................... A6 shot from Pfizer Inc.and part- permit easing of pandemic arigorous and thorough re- The WHO raises concerns Hack sparks questions about TheFDA authorized ner BioNTech SE.The U.S. measures. viewofdataonthe vaccine’s over strain from India........... A9 lax cyber oversight................. A6 use of the Covid-19 shot Food and Drug Administra- “The light at the end of the safety and effectivenessinthe British Columbia tames a Heard on the Street: Attack from Pfizer and BioNTech tion’sdecision Mondaywidens tunnel is growing,and todayit adolescents. variant............................................ A9 highlights obstacles ........... B10 forchildren ages 12 to 15, amovethat is expected to boost the country’svacci- Used-Car Change in the average Used cars nation campaign. A1 pricepaid +16.7% Pentagon Weighs Scrapping TheWHO classified a Buyers 15% coronavirus variant first Feel Price seen in India as aglobal Big Cloud-Computing Project “variant of concern,” saying Pinch preliminarystudies showed it maybemoretransmissible The average price 10 BY JOHN D. MCKINNON judgeinApril refused the Pen- Her commentsfolloweda than some other variants. A9 paid for a used tagon’smotion to dismiss Pentagon report to Congress, Pentagon officials are vehicle hit a record WASHINGTON—Pentagon much of Amazon’s case. released beforethe latest court considering pulling the plug of $25,463 in April, Newcars officials are considering pull- Afew days later,Deputy ruling,that said another Ama- on the JEDI cloud-comput- about $2,800 +9.6% ing the plug on the star- Defense SecretaryKathleen zonwin in court could signifi- ing project, which has been higher than the 5 crossed JEDI cloud-computing Hicks said the department cantly draw out the timeline for mired in litigation from Ama- same month a project, which has been mired would review the project. the program’simplementation. zonand faces continuing year earlier and in litigation from Amazon.com “We’regoing to have to as- “The prospect of such a criticism from lawmakers. A1 the first time it Inc.and faces continuing criti- sesswhereweare with regard lengthylitigation processmight has exceeded cism from lawmakers. China said itspopulation to the ongoing litigation bring the futureofthe JEDI $25,000. Tight TheJoint Enterprise De- around JEDI and determine Cloud procurement intoques- hit 1.41178 billion in 2020, 0 eking out atinyrise from supplies are fense Infrastructure contract what the best path forwardis tion,” the Jan. 28 report said. the 1.4005 billion official data limiting options for Jan. July ’21 wasawarded to Microsoft forthe department,” Ms.Hicks Ms. Hicks and other Penta- 2020 showedin2019,asign of buyers. B1 Source:J.D.Power Corp.in2019 over Amazon, said at an April 30 security gonofficials said thereisa which has contested the award conferenceorganized by the pressing need to implement a demographic challenges. A8 in court ever since. A federal nonprofit Aspen Institute. PleaseturntopageA2 Attorneys general from 44 states and territories urged Facebook to drop M’Lady Is plans to launch aversion of Europe Seeks to Curb Instagram for children. A3 Biden pushed back against Doing the Republicans and business HedgeFunds on Bonds groups who sayenhanced job- Yard Work lessbenefitsare discouraging BY ANNA HIRTENSTEIN market, according to bankers Americans from working. A4 iii who worked on the deals. U.S. trade groups and Tourist shutdown European governments are France has also limited order As-a-service, firms areseeking apause to a acting to limit hedgefunds’ sizes, an official said. rule that allows the govern- at British castles participation in the market for Millennium Management, at your service. ment to block foreign telecom- newsovereign-bond issuance, Brevan Howard,DoubleLine, gear importsand other deals means staffisaway following asurge in demand Tenaron Capital Management deemed asecurity threat. A2 from the firms. and BlueBayAsset Manage- Introducing APEX, technology TheBiden administration BY ALISTAIR MACDONALD Thepushback was ment areamong the hedge prompted by unusually large funds that have been activeiN as-a-service thatscales on demand, said it would enforce legal AfterCovid-19 firstsent Brit- orders placed by hedge funds the primarymarket forsover- protections against discrimi- so nothing holds youback. nation forgay and transgen- ain intolockdown in the spring fornew bonds,which canthen eign bonds in recent months, der patientsseeking health- of 2020,the ownersofHigh- potentially be sold—some- according to bankers. Some clereCastle,where“Downton times within hours—tothe Eu- hedgefunds have put in or- Learn moreat care under the ACA. A3 Abbey” wasset, had to banish ropean Central Bank fora ders for as much as €3 billion DellTechnologies.com/APEX visitors and send staff away. profit, bankers, investors and of bondsinasingle offering, CONTENTS Opinion.............. A15-17 They closed shutters and agovernment official said. Or- whichisfar morethan