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P2JW244000-5-A00100-17FFFF5178F ADVERTISEMENT We’vegot the secret to more confident trading. Find outhow ourtrade desk team canhelpyou grow as atraderonpageB10. ***** MONDAY,AUGUST 31,2020~VOL. CCLXXVI NO.52 WSJ.com HHHH $4.00 Last week: DJIA 28653.87 À 723.54 2.6% NASDAQ 11695.63 À 3.4% STOXX 600 368.80 À 1.0% 10-YR. TREASURY g 27/32 , yield 0.727% OIL $42.97 À $0.63 EURO $1.1907 YEN 105.37 Protests, Clashes Draw Nation’s Tense Focus in Two Cities Chinese What’s News Rules Cloud Business&Finance TikTok lans to quickly com- P plete a deal between TikTok’sChinese parent and Deal suitorsfor the app’sU.S.op- erations have been throwN off track in the wake of new App’s parent and Chinese restrictions. A1 suitors pull back to A revamped Dow falls weigh newrestrictions short of matching tech’sinflu- enceinthe S&P 500,poten- as deadline approaches tially widening aperformance gapwith the broader index. A1 BY GEORGIA WELLS McDonald’s ex-human S AND CARA lOMBARDO resources chief is emerg- PRES ing as a focus of the com- Plans to quickly completea TED pany’s probe into possible CIA deal between TikTok’sChinese impropriety under former SO parent companyand suitors CEO Steve Easterbrook. B1 AS forthe app’sU.S.operations SH/ GA have been thrownoff track as United said it is perma- Y the parties huddled over the nently ending flight-change MORR weekend to weigh newChi- fees formost domestic tick- ON THE GROUND: Wisconsin National Guard troops arrived Sunday at the county courthouse in Kenosha, Wis., where nese restrictions that appear ets, the latest effort to boost thousands have takeN to the streets to protest the police shooting of Jacob Blake. In Portland, Ore., police said they designed to affect a potential demand in the pandemic- opened a homicide investigation after a man was killed Saturday amid unrest that has rocked the city. A3 sale, people familiar with the struck air-travel industry. B1 discussions said. NewSEC forms meant to China lateonFriday issued simplifydisclosures by invest- restrictions on the export of ment firms oftencontradict artificial-intelligencetechnol- longer filingsonthe agency’s ogythat forced ByteDance website, a Wall Street Labs Push to Build Up Tests Ltd., TikTok’s parent, to slow Journal analysis found. B1 down talks with companies in- cluding MicrosoftCorp., Wal- KKRisnearing adeal to mart Inc.and Oracle Corp.for sell Epicor Software to a a portion of the social-media group led by private-equity For Virus Before Flu Season app, people familiar with the firm Clayton Dubilier &Rice matter said. for around $4.7 billion. B3 ByteDance, which received Asmall-business pandemic BY SARAH KROUSE producecannabinoid molecules Laboratories LLC areassem- teststhat don’t need to be the broad outlines of bids on emergencyloan program that AND BRIANNA ABBOTT formedical-marijuana prod- bling newequipment that shipped to labsfor processing. Fridayfor the TikTok assets, has been criticized fordelays ucts, scientistsare working to might soon deliver a10-fold in- Thegoal of these effortsis had been expected to enter and fraud has focused atten- Companies areracing to develop aCovid-19 testing sys- crease in molecular coronavi- to quickly diversifyand grow intoexclusivediscussions with tion on the role of asmall firm bolster Covid-19 testing as tem that searches forthe vi- rus-testing capacity at one of the U.S.’s Covid-19 testing infra- one group of suitors over the that earned nearly $800 mil- schools reopen and fluseason rus’sgenetic code.The com- Arizona’slargest privatelabs. structure as the fluseason ap- weekend, the people said. lion in fees and subcontracted approaches,saying they aim to pany,GinkgoBioworks Inc., Other companies including Ab- proaches.This fall, doctorsare The Trump administration the bulk of the work. A4 avoid arepeat of July when hopes by the fall to createa bottLaboratories and public- concerned about apotential in early August set amid-Sep- demand fortesting led to long system that will use analyzers health authorities areaiming PleaseturntopageA6 tember deadline forByteDance World-Wide delays for results. the sizeofwashing machines forbroader Covid-19 diagnosis to sell itsAmerican operation. In aBoston lab wheretech- to process100,000 testsaday. and screening with large-scale Sub-Saharan Africa masks Microsoftand Walmart nicians programmed yeast to ScientistsatSonoraQuest production of rapid antigen scope of crisis........................... A6 PleaseturntopageA9 Companies are racing to bolster Covid-19 testing as schools reopen and flusea- son approaches, saying INSIDE Amazon-LikeMarketplace they aim to avoid a repeat of July when overwhelming demand for testing led to long delays for results. A1 DISNEY ForFarmersFacesHardRow Thenumber of confirmed R coronavirus cases crossed FO 25 million globally. A6 GES IMA A man was killed Satur- Agricultural suppliers undermine upstart Farmers Business Network day in Portland, Ore., amid GETTY unrest that rocked the city BY JACOB BUNGE and-green flannel shirt, warned the audience after Trump supporters that big companies ofteN sell seeds and her- clashed with violent pro- TTERMOLE/ CA OMAHA, Neb.—Inside a packed arena last bicide sprays at inflated prices, protecting testers, police said. A3 December, 2,700 farmers sipped coffee from their profits. FBN, he said, allows users to TheU.S.intelligence chief GARETH paper cups and listened to remarks on the compare prices across products and suppli- said his office will curb in- Midwestern economy: incomes down, costs ers, helping farmers negotiate. person briefingstoCongress OBITUARY PERSONAL JOURNAL up and bankruptcies rising. “It is critical that you have control,” said about security threatstothe ActorChadwick Teachersbrush up The speaker wasn’t a politician or an aca- Mr. Baron. 2020 election,saying he was Boseman’s work skills to reach students demic. He was Charles Baron, co-founder of FBN doesn’t have a lot right now. Some of concerned lawmakers had Farmers Business Network, or FBN, a Silicon the world’s biggest farm suppliers, including leaked classified materials. A4 shinedalightonBlack online as schools turn Valley startup that is trying to build an Ama- Bayer AG, Corteva Inc. and Syngenta AG history and culture. A12 to remote learning. A11 zon-like online marketplace for agricultural have refused to sell their brand-name seeds Beijing’scrushing of Hong supplies. and crop sprays to the startup. Executives Kong pro-democracyforces Mr. Baron, pacing the stage in a black- PleaseturntopageA10 is injectingnew energy into Taiwan’s efforts to build up itsmilitarydefenses. A7 The Scariest Part of the Great California’s firefighting Dow’sGap With S&P to Grow resourcesare already close Outdoors? A Brand-New Camper to the breaking point with months still to go until the iii BY MICHAEL WURSTHORN end of fire season. A5 Mishaps abound as city slickers escape 52-week performance Atop aide to ShinzoAbe S&P500 Index TheDow Jones Industrial 20% was poised to enter the to nature; ‘I have never been so cold’ Averagehas struggled this race to become Japan’snext year to keep up with the gains leader and facethe country’s 10 of itsbroader counterpart, the economic challenges. A8 BY RACHEL WOLFE started googling,” Ms.Toal S&P 500,which has morerep- Died: Chadwick Boseman, AND JENNIFER CALFAS said of howthe trio chose resentation from surging tech 0 43,“Black Panther” star. A12 their destination. But she left stocks.Changes coming to the Last summer,Samantha one crucial item behind. DowonMondaylikely won’t -10 Jones Toal spent her week- “Wehad made the decision help. DowJones CONTENTS Outlook....................... A2 ends bar hopping with friends not to bring our sleeping bags That’s because the biggest Arts in Review... A13 Personal Journal A11-12 Industrial Average BusinessNews... B3,5 Sports....................... A14 in the Boystown neighborhood because it wassupposed to be changeisApple Inc.’sstock -20 Crossword.............. A14 Technology............... B4 of Chicago. This summer, ab- so hot out and we knew from split, which takes effect Mon- HeardonStreet... B10 U.S. News............. A2-5 sent manyopportunities to our research that weight is su- dayand slashes the tech com- Markets...................... B9 Weather................... A14 have funinside,the 23-year- per important,” she said. They ponent of the price-weighted -30 Opinion.............. A15-17 World News......... A6-9 old and two equally indoorsy slept in a tent, but didn’t an- Dowmorethan the addition of 2019 '20 friends went a few steps out- ticipate having to spend their newmember Salesforce.com Source:FactSet > side their com- firstnight in a Inc. boosts it. fort zone: valley where TheS&P 500’syear-to-date Data.Short-term rifts between track each other moreclosely backpacking 18 thetempera- increase in 2020 is outperform- the two benchmarks aren’t un- over longer periods. But this miles through turedropped ing the Dowindustrials by common, said Howard Silver- year has been markedly differ- theOzarks of precipitously. roughly 8percentagepoints— blatt, asenior indexanalyst at entdue to howthe pandemic s 2020 Dow Jones & Company, Inc. All Rights Reserved Missouri. Pleaseturnto thewidest gapsince1932, ac- S&P DowJones Indices,and the has deepened asplit within the “Wejust pageA10 cording to DowJones Market Dowand the S&P 500 tend to PleaseturntopageA2 P2JW244000-5-A00200-1--------XA A2 | Monday, August 31, 2020 ***** THE WALL STREET JOURNAL. U.S. NEWS | THE OUTLOOK By Nick Timiraos ECONOMIC FedTools Lose Some BiteAfter Shift CALENDAR
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  • Screendollars About Films, the Film Industry No

    Screendollars About Films, the Film Industry No

    For Exhibitors October 19, 2020 Screendollars About Films, the Film Industry No. 139 Newsletter and Cinema Advertising As the events of 2020 are squeezing the film industry and forcing a reckoning with its future, we look back at the invention of motion picture technology and the intense in-fighting that played out during the birth of the movie business. In 1891, Thomas Edison and his laboratory assistant William Dickson gave the first public demonstration of their Kinetoscope, a forerunner of the motion picture projector. Edison’s Kinetoscope was a single-person viewing kiosk that presented motion pictures through a peephole. It used rotating sprockets to move a perforated film strip over a light source at a constant rate. The film reel presented a sequence of images in frames. As the film passed over the light source, Thomas Edison’s Kinetoscope a shutter would open and close in rapid succession, illuminating each image to create the illusion of movement. While the technology was interesting, Edison understood that the money would come from distributing films to a public who would pay to see it. Edison dug in to patent suits and other hard-knuckle business tactics in an attempt to control the developing business. In order to escape Edison’s reach, Carl Laemmle and other early pioneers of the movie business relocated west, settling eventually in Los Angeles where the weather was near-perfect all year. Founded as Laemmle Film Service, his company eventually was renamed Universal Pictures, which is still making news for its impact on film distribution. "I have seen many depressions in business.