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Poorest Nations Fall Behind As Vaccine Efforts Stagnate

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Poorest Nations Fall Behind As Vaccine Efforts Stagnate P2JW110000-6-A00100-17FFFF5178F ****** TUESDAY,APRIL 20,2021~VOL. CCLXXVII NO.91 WSJ.com HHHH $4.00 DJIA 34077.63 g 123.04 0.4% NASDAQ 13914.77 g 1.0% STOXX 600 442.18 g 0.1% 10-YR. TREAS. g 8/32 , yield 1.599% OIL $63.38 À $0.25 GOLD $1,769.40 g $9.60 EURO $1.2038 YEN 108.14 Chauvin Case Goes to Jury After Day of Closing Arguments Nvidia’s What’s News Arm Deal Gets U.K. Business&Finance Security he U.K. government is Tstarting anational-secu- rity reviewofNvidia’s $40 Review billion deal to buy Arm from SoftBank,raising anew hur- dle for the proposal. A1 Officials begin probing A cryptocurrency that $40 billion takeover, was created as a joke ex- ploded into plain view on showing the strategic Wall Street, with asurge in role of semiconductors dogecoin sending its 2021 return above 8,100%. A1 BY STU WOO Credit Suisse said two AND ERIC SYLVERS executives in charge of its (2) prime brokerageunit will OL LONDON—TheU.K.govern- leave in the wake of the PO ment is starting anational se- S bank’s$4.7billion lossfrom curity reviewofNvidia Corp.’s the collapse of Archegos. B1 /PRES $40 billion deal to buy British TV T chip designer Arm from Soft- Musk’sinternet satellite UR BankGroup Corp., raising a venturehas spawned an un- CO DELIBERATION: The murder trial of DerekChauvin went to the jury MondayinMinneapolis afterSteveSchleicher,left, a newhurdle for an industry-re- likely allianceofrivals,regu- special assistant attorneygeneral forthe prosecution, and defenseattorneyEric Nelson made their closing arguments. A3 shaping proposal facing signif- latorsand expertswho cite icant regulatoryscrutiny risks from the project. B1 around the world. U.S. safety officials are U.K. Digital SecretaryOliver investigating afatal crash Dowden invokedonMondaya involving aTesla vehicle. B4 little-used powertoorder the Poorest Nations Fall Behind country’s antitrust agency to Apple said in aletterto investigatethe merger’sna- lawmakersthat it plans to tional security implications makeParler available through and deliver areport by July itsApp Storeagain. A6 As Vaccine Efforts Stagnate 30. The secretary caN eventu- U.S. stocks fell, with the ally clear the Santa Clara, Ca- Nasdaq, S&P 500 and Dow lif., company’sdeal, with or retreating 1%, 0.5% and without conditions, or nix it. 0.4%, respectively. B11 Effortstovaccinatethe than 200 million doses have planned forthe firsthalf of the Thenational security re- poorestcountries against By Gabriele been administered in the U.S., year were to be manufactured viewcomes on topofthe IBM posted higher reve- Covid-19 have slowedtoa Steinhauser Covax has supplied fewerthan by the world’sbiggest vaccine agency’spreviously announced nue forthe firstquarter, trickle,leaving manywith in Johannesburg, 41 million of the two billion maker,the Serum Instituteof plans to investigatethe deal ahead of alandmark split of weakened defenses against the Nicholas Bariyo doses planned by year-end. India, which has partnered on antitrust grounds. the businessthis year. B4 coronavirus just as the weight in Kampala, Uganda, SlowuptakeofCovid-19 with AstraZenecaPLC to make TheU.K.probe is the latest The union that unsuc- of the pandemic shifts from de- and Jon Emont vaccines in developing coun- the vaccine the companyde- example of how governments cessfully sought to orga- veloped to developing nations. in Singapore tries could createproblems for veloped with the University of around the world areincreas- nize an Amazon location An initiativebacked by the the rest of the world. Epidemi- Oxford.The SII said itsoutput ingly tightening control over in Alabama has filed chal- World Health Organization and dosesinstead of about 240 ologistsbelievethat failureto has also been constrained by semiconductor technology, af- lenges over the vote. A3 rich countries to supply free million because India, itsmain vaccinatemuch of the develop- limits imposed by the U.S. on terthe past year demon- vaccines to 92 low- and mid- supplier,has largely stopped ing world could leave alarge PleaseturntopageA7 strated howaccesstoad- GameStop said CEO dle-income countries recently exporting shotsasitfightsa reservoir of the coronavirus vanced microprocessorscan George Sherman will step slashed the number of shotsit surge in cases at home. circulating,giving it the chance Virus cases trend higher amid makeorbreak some of their down by July 31. B3 plans to ship by the end of That is widening ahugevac- to mutateand possibly spill vaccination push...................... A3 biggest companies. Coca-Cola said its sales May. That initiative, called Co- cination gapbetween rich and over to developed countries. India locks down capital, U.S. export controls on chip volume in March returned vax, will deliver 145 million poor countries.While more Most of the Covax shots boosts shots............................... A7 PleaseturntopageA2 to pre-pandemic levels. B3 World-Wide Walter Mondale Chip Makers Fight Dies at 93 Dogecoin Trading Efforts to vaccinate the poorest countries against Rides Online Frenzy Covid-19 have slowed to a To Beat Shortage trickle, leaving many with weakened defenses just as BY CAITLIN OSTROFF $0.40 Dogecoin's the weight of the pandemic AND CAITLIN MCCABE dollar value, shifts from developed to Efforts produce only small gains, hampering Monday developing nations. A1 production of cars, home appliances, PCs Acryptocurrencythat was 0.35 $0.39 India imposed alockdown created as ajokeexploded as of 5p.m. close on itscapital and said it would intoplain viewonWall Street 0.30 expand itsvaccination pro- Theworld’sleading suppli- over production lines.The bad on Monday, with asurge in gram to all adults, amid the ersofsemiconductorsare news is,thereare no quick dogecoin sending its2021 re- world’sfastest-growing surge pushing to overcome the pro- fixes, and shortages will likely turn above8,100%—morethan 0.25 of Covid-19 infections. A7 longed chip shortagethat has continue intonextyear,ac- double the gains on the S&P hampered production of ev- cording to the industry’sexec- 500,including dividends, Capitol PoliceOfficer Brian utives. since1988. 0.20 Sicknick suffered astrokeand S On topofaspikeinde- Dogecoin’srise from a died of natural causes, the By Eun-Young Jeong in mand, producershavebeen PRES quirkymeme intoawidely Washington, D.C.,medical ex- Seoul and Dan Strumpf 0.15 hamstrung by aseries of freak TED traded asset worth about $50 aminer’s officesaid. He died in Hong Kong eventsthat have knocked out CIA billion—morethan Marriott aday afterthe Jan. 6riot. A1 SO erything from home appli- supply,while ongoing U.S.- AS International Inc.orFordMo- 0.10 TheBiden administration ances to PCstoautos. China political frictions and The former vicepresident torCo.—is the latest act of fi- is considering requiring to- Chip makersare trying to concerns of aprolonged short- wasastaunchsupporterof nancial alchemybyrapidly bacco firms to lowerthe nico- ekeout moresupply through agehaveprompted some man- civil-rights legislation while a moving individual investors 0.05 tine in all cigarettessold in changes to manufacturing pro- ufacturerstostockpile chips. senator. He losta1984 whohaveused access to no- the U.S. to levels at which they cesses and by opening up Thecurrent shortfall in- WhiteHousebid to Ronald feetrading platforms and a 0 arenolonger addictive. A2 sparecapacity to rivals,audit- cludes the less-advanced chips Reagan in alandslide. A4 wave of government stimulus ing customer orderstopre- that the industry’sbiggest money to transform markets Jan. ’21 Feb. March April Walter Mondale died at vent hoarding and swapping PleaseturntopageA10 PleaseturntopageA8 Source:CoinDesk the ageof93. Vice president under JimmyCarter,hewas a civil-rightschampion who raN as the Democratic candidate Super Fans forthe WhiteHouse in 1984, Capitol Officer’sDeath losing to RonaldReagan. A4 Confront Biden and abipartisan Ruled to Be Natural group of lawmakersdiscussed alternativeways to payfor Super League infrastructurespending,in- iii BY ARUNA VISWANATHA wastaken to ahospital, where cluding asmaller increase Plans change. AND SADIE GURMAN he died at about 9:30 p.m. the in the corporatetax rate. A4 Protests in U.K. following night, according to Navalnywas hospitalized Capitol PoliceOfficer Brian the examiner’s office. He was erupt over new Sicknick suffered astrokeand 42 yearsold. weeks afterstarting ahun- PowerStore died of natural causes,the TheCapitol Policehad said gerstrike, as Russia brushed off U.S. warningsofrepercus- soccer circuit medical examiner’s officeiN he was injured while protect- sions should the jailed oppo- Washington, D.C.,said Mon- ing Congressfrom amob of BY JOSHUA ROBINSON day, weighing in on aquestion Trump supporterswho adapts. sition leader die in prison. A8 that has lingered sincethe of- stormed the building,saying NASA’s Mars Ingenuity Tim Payton isn’t surewhen ficerdied aday after he was that Mr.Sicknick had “suc- helicopter made history as the pandemic will allowhim to assaulted during the Jan. 6 cumbed to his injuries” after Storage that’salwaysin the small drone became attend his next soccermatch riot at the U.S. Capitol. being takentothe hospital. sync with the needs of the first powered craft to at Arsenal’sstadium in Lon- Theofficeconcluded that But the forcehadn’t explained fly on another world. A5 don. He cantell youfor sure Mr.Sicknick’smanner of death how he died, sparking persis- your business. that he won’t be wearing the wasnatural, adding in an expla- tent questions from lawmak- CONTENTS Opinion.............. A15-17
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