P2JW238000-6-A00100-17FFFF5178F ****** TUESDAY,AUGUST 25,2020~VOL. CCLXXVI NO.47 WSJ.com HHHH $4.00 DJIA 28308.46 À 378.13 1.4% NASDAQ 11379.72 À 0.6% STOXX 600 370.85 À 1.6% 10-YR. TREAS. g 2/32 , yield 0.645% OIL $42.62 À $0.28 GOLD $1,927.70 g $6.90 EURO $1.1789 YEN 105.97 TikTok What’s News Investors Press for Business&Finance A Sale eneral Atlantic and GSequoia, two major in- vestorsinTikTok’sChinese To Oracle parent, arekey driversbe- hind apossible bid forthe U.S. operations of the pop- Potential challenge to ular video-sharing app by a group including Oracle. A1 Microsoft has support TikTok sued the U.S. of General Atlantic government, challenging Trump’s order that would and Sequoia Capital effectively ban the app if it doesn’t find an American General Atlantic and Se- buyer forits U.S. business. A7 quoia Capital,two major in- vestorsinTikTok’sChinese Thelegal fight between parent company, aremaneu- Apple and “Fortnite” cre- S vering to be part of a deal to ator Epic is prompting tech acquire the U.S. operations of heavyweightssuch as Micro- PRES the popular video-sharing app softtoweigh in, as the feud TED as it seeks to avoid aban by raises the prospect of up- OCIA SS the Trump administration, ac- ending other businesses. A1 /A cording to people familiar Salesforce,Amgen and with the discussions. Honeywell will join the Dow HARNIK industrials,replacing Exxon By Rolfe Winkler, Mobil, Pfizer and Raytheon ANDREW Miriam Gottfried in changes prompted by Ap- President Trump and Vice President Mike Pence took the stage Monday in Charlotte, N.C., to address the gathering at the and Cara Lombardo ple’splanned stock split. B1 scaled-back Republican National Convention. Both were formally nominated by delegates at the live event. Theinvestment firms, TheS&P 500 and Nasdaq which ownlarge stakes in Bei- both closed at records, rising jing-based ByteDanceLtd., are 1% and 0.6%, respectively. Republicans NominateTrump, key drivers behind a possible The Dow gained 1.4%. B1 bid for TikTok by a group in- China’s recovery from cluding Oracle Corp., the peo- the coronavirus pandemic is ple said. TheOracle group gaining momentum, position- Warn AgainstaBiden Victory emergedrecently as apossible ing it to further close itsgap alternative to MicrosoftCorp., with the U.S. economy. A1 which said early this month that it wasintalks to buy Tik- Gun sellershave adopted BY CATHERINE lUCEY the coronavirus pandemic and of mail-in voting. ing the grip the president has Tok’soperations in the U.S. anew tactic to attractbuyers AND ANDREW RESTUCCIA the economy—and conjured im- “The only way they cantake on aparty that only four years and three other countries. on Facebook’sMarketplace, ages of riotsinthe street, an this election away from us is if agoharbored deep reservations It isn’t clear that asale will looking to evadethe site’s Republicans nominated Presi- uptick in crime and aflood of this is ariggedelection,” Mr. about his candidacy. happen. TikTok filed alawsuit ban on firearms sales. B1 dent Trump as their candidate policies that would bankrupt Trump said, alleging that Dem- Theaction then shiftedtoaN Monday challenging President Zoom Videosaid it iden- at ascaled-back convention in taxpayers if Democratic nomi- ocratsweretrying to steal the auditorium in Washingtonfor a Trump’sinitial executiveor- tified and resolved an issue Charlotte,N.C., and Washington, neeJoe Biden is elected. The presidency.Headded that he prime-time event featuring Sen. der,saying his administration that had caused servicedis- D.C.,with the president and tone at times contrasted with doesn’t believeitwould be pos- Tim Scott(R.,S.C.), former U.N. failed to followdue process ruptions earlier Monday. B1 some of his allies offering omi- theuplifting messagethat Mr. sible to accurately count mail- Ambassador Nikki Haley and when it issued the order. nous warningsabout the conse- Trump’scampaign said would in ballots. the president’seldest son, Don- Microsofthad said it might Arm has called off a quences of electing Democrats characterizethe event, though In Charlotte,whereMr. ald Trump Jr. invitesome U.S. investorsto planned spinoff of two of in November. it ended with moreuplifting re- Trump wasjoined by Vice Pres- “Our family went from cotton join itsbid. But morerecently the mobile-phone chip de- Throughout the daylong, marks from two speakers. ident MikePence, morethan PleaseturntopageA4 PleaseturntopageA7 signer’s businesses to two-city event, speaker after Mr.Trump used aMonday 300 delegates gathered fora SoftBank, Arm’s parent. B4 speaker praised the president, afternoon speech in Charlotte unanimous roll-call vote on Gerald F. Seib: Trump looksfor TikTok sues U.S., seeking particularly forhis handling of to again question the accuracy their nominations,underscor- win with 2016 strategy......... A4 overturn of ban........................ A7 World-Wide Republicans nominated China’s Economy, INSIDE Apple ‘Fortnite’ Fight Trump as their candidate at a scaled-back conven- tion, with the president and Threatens Industries some of his allies offering Bouncing Back, warnings about the conse- quences of electing Demo- crats in November. A1, A4 BY SARAH E. NEEDLEMAN popular videogame that skirts Gains on the U.S. Apple’s30% commission on in- Thepostmaster general Thelegal battle between app purchases. Therestriction said the USPS is working to fix deliverydelays as Democrats AppleInc.and the creator of would leave Epic unable to up- BY JONATHAN CHENG bring masks—but they don’t “Fortnite” is doing more than date “Fortnite” on iPhones continued to presshim about have to wear them. fray anearly decadelong rela- and iPads—as well as itsUn- slowdowns and operational BEIJING—Asmuch of the With the coronavirus tionship.Itisprompting other real Engine,asoftware suite changes they worry could world struggles to contain the smothered fornow because of tech heavyweightssuch as Mi- used to build mobile games hamper voting by mail. A4 coronavirus, China’s recovery draconian control measures, PERSONAL JOURNAL crosoftCorp.tostepin, as the among other apps and to cre- The New York attorney is gaining momentum, posi- J.P. MorgaN recently boosted As child casesrise, feud escalated to whereit ate complex video effects and general’s office is probing tioningittofurther close its its2020 China growth forecast doctors monitor for could upend business at mak- animations. whether the Trump Organ- gap with the U.S. economy. to 2.5% from 1.3% in April. ersofvideogames,Hollywood Epic appeared on course to ization and the president AcrossChina, restaurants Economistsatthe World Bank possible longer-term productions and virtual-reality win apartial reprieveMonday inflated the value of his as- and gyms arebusy again. Sub- and elsewhere have also up- effects of Covid-19. A11 simulations. when afederal judgeinCalifor- setsinfinancial filings. A6 way cars and airport depar- graded their forecastsfor Apple,the world’smost nia hearing the company’slaw- turelounges arepacked. Chil- China, the only major economy BUSINESS&FINANCE valuable company,this month Hundreds of protesters in suit against Apple said she was dren arepreparing to return expected to grow this year. threatened to pull Epic Games inclined to maintain itsaccess Kenosha, Wis.,clashed with Zoom’s videomeetings lawenforcement in asecond to classrooms with few of the That bounceback,while far arerestoredafter Inc.’sdeveloper credentials— to the tech giant’stools for restrictions U.S. officials said PleaseturntopageA8 whichare required to release software developersbut that night of unrest afteraBlack outage disrupts work man wasshot multiple times will be hallmarks of post-coro- software on Apple devices— “Fortnite” would remain out of navirus life. In some schools, Officials reaffirm China pact and classrooms. B1 afterEpic introduced away to the App Store. U.S. District in the back by police. A3 children arebeing asked to on trade........................................ A2 buy virtual goods within the PleaseturntopageA2 Merkel called on Russia to investigateanattack on op- position figure Navalnyaf- THE COVID STORM terGerman doctorsdeter- Covid Has mined he had been poisoned with atoxic nerveagent. A8 Lockdowns Are Truly Made Massive wildfires grew in Northern California as the SoccerStatic state braced for more hot, windyconditions that have Blunt, Costly Tool iii fueled devastating blazes. A3 Argentina borrows Ready for Researchers have docu- mented a case of Covid-19 from foosball bar anything. reinfection, offering evidence Economists, health experts say there may be that patientswho have recov- a better way than broad business shutdowns game fornew sport ered from the disease could Dell Technologies On Demand is be infected asecond time. A7 BY JUAN FORERO pay-as-you-go IT —giving youthe BY GREG IP Despite this steep price, Falwell resigned as Liberty few policy makers felt they When Argentina went into choice and flexibility youneed to University’s president aftera tumultuous dayduring which In response to the novel had a choice, seeing the eco- quarantine in March, Ramiro preparefor anything. he tussled with trustees over and deadly coronavirus, nomic crisis as a side effect Fabris wasforcedtoshut down many governments deployed of the health crisis. They or- the manysoccerfields he over- his futureatthe school. A3 draconian tactics never used dered nonessential busi- sees in the city of Rosario and Learn moreat in modern times: severe and nesses closed and told peo- two nearby towns. CONTENTS Opinion.............. A15-17 broad restrictions on daily ple to stay home, all without Losses mounted, along with DellTechnologies.com/OnDemand Arts in Review... A13 Personal Journal A11-12 Business News...... B3 Sports....................... A14 activity that helped send the the extensive analysis of frustration. Desperate, Mr.Fab- Capital Journal...... A4 Technology............... B4 world into its deepest peace- benefits and risks that usu- ris and his partnersdevisedaN Crossword.............. A13 U.S. News.... A2-3,6-7 time slump since the Great ally precedes a new medical unusual solution: socially-dis- Heard on Street.B10 Weather..................