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House Set for Vote on Aid Bill After Narrow Senate Approval

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P2JW067000-5-A00100-17FFFF5178F ADVERTISEMENT There’salwaysmoretodiscover about ETFs. Take acloserlook on page R10. ***** MONDAY,MARCH 8, 2021 ~VOL. CCLXXVII NO.54 WSJ.com HHHH $4.00 Last week: DJIA 31496.30 À 563.93 1.8% NASDAQ 12920.15 g 2.1% STOXX 600 408.68 À 0.9% 10-YR. TREASURY g 27/32 , yield 1.551% OIL $66.09 À $4.59 EURO $1.1913 YEN 108.38 Protesters Rally Before JurySelection in George Floyd Case GE Nears What’s News Big Deal To Merge Business&Finance Jet-Lease Eisnearing a$30 billion- Gplus deal to combine its aircraft-leasing businesswith Business Ireland’sAerCap,the latest movebythe conglomerateto restructureits operations. A1 Value of linking unit Largeemployers aregetting with Irish company permission from public-health could top$30 billion, officials to administer Covid-19 vaccines, hoping to speed as giantrestructures up worker inoculations. A1 Vaccitech, the startup BY CARA lOMBARDO behind the Covid-19 vaccine AND EMILY GLAZER developed by the University of Oxford and AstraZen- General Electric Co.isnear- eca, faces hurdles on the ing a$30 billion-plus deal to path to a planned IPO. B1 /REUTERS combine itsaircraft-leasing businesswith Ireland’sAerCap Greensill relied on ahand- MILLIS HoldingsNV, people familiar fulofclientsfor large portions with the matter said, the lat- of itsrevenue,including acoal- LEAH GATHERING: People took part in a demonstration in Minneapolis on Sunday, the day before jury selection was scheduled est in astring of moves by the mining companyowned by the to begin for the trial of former Minneapolis policeman Derek Chauvin, who is accused of killing George Floyd. A3 industrial conglomeratetore- governor of West Virginia. B1 structureits once-sprawling India has threatened to operations. jail employees of Facebook, Thedeal is expected to WhatsApp andTwitterasit have avaluation of morethan seeks to quash political pro- $30 billion, some of the people tests and extend its power House Setfor Vote on Aid Bill said. An announcement is ex- over online discourse. B5 pected on Monday, assuming the talks don’t fall apart. Evolviscombining with TheGEunit, known as GE ablank-check companyto Capital Aviation Services,or go public in adeal that val- AfterNarrow SenateApproval Gecas,isthe biggest remain- ues the crowd-safety firm ing piece of GE Capital, a for- at about $1.7 billion B3 merly massive lending opera- Huawei lost ground last BY TED MANN Pelosi must hold together her changes that curtailed the ex- passed last month by amargin tion that rivaled the biggest year to Western rivals in AND KRISTINA PETERSON slim majority caucus forasec- tension of unemployment bene- of 219-212, with two Democrats U.S. banks but nearly sank the cellular-equipment mar- ondHouse vote to send Presi- fits and blocked an effort to voting against it. Thetwo no companyduring the 2008 fi- kets outside China, accord- WASHINGTON—The dent Biden’stop legislativepri- graduallyraise the federal min- votescame from moderate nancial crisis. ing to industry-research $1.9trillion Covid-19 relief bill ority to his desk. imum wage to $15 an hour. Reps. JaredGolden of Maine GE took amajor step back firm Dell’Oro. B3 faces what is expected to be a TheHouse is expected to “Despitethe fact that we be- and Kurt Schrader of Oregon. from the lending businessiN very close vote in the House as hold aprocedural vote on the lieveany weakening of the All Republicans in the Sen- 2015 when it said it would exit earlyasTuesdayafter the Sen- bill Monday night, with final House provisions were bad pol- ate, likeall the GOP House the bulk of GE Capital, and a World-Wide atenarrowly approved theaid passageslated forTuesday. icyand bad politics,the reality members, votedagainst the leg- deal forGecas would represent packageoverthe weekend with Therewerepositivesignals is that the final amendments islation, balking at the pricetag another big moveinthat di- concessions to accommodate forMrs.Pelosi (D., Calif.) and were relatively minor conces- and saying some of the spend- rection. The Covid-19 relief bill centrist Democrats. her leadership team over the sions,” said Rep.Pramila Jayapal PleaseturntopageA4 It would also represent an- faces what is expected to be a TheSenatechanges to the weekend, when key progres- (D., Wash.), who leads the Con- other significant move by GE very close vote in the House bill, which first passed the sives in the House appeared gressional ProgressiveCaucus. Florida Republicans see a Chief Executive Larry Culp to as early as Tuesdayafter the House Feb. 27 with moregener- poised to support the relief bill Mrs. Pelosi can’t afford model for the GOP................. A4 right the course of acompany Senate narrowly approved ous unemployment provisions, asecond time even as manyex- manydefections.The House Finances of minority women that has been batteredinre- the packagewith concessions mean House Speaker Nancy pressed frustration at the version of the relief plan are hit hard.................................. B1 PleaseturntopageA2 to centrist Democrats. A1 TheU.S. and South Korea agreed on anew accord that INSIDE would resolveayearslong Xi’sEager Bureaucrats disputeonhow to sharethe cost of American troops based on the Korean peninsula. A9 SnarlHis China Plans Biden signed an executive order directing U.S. agencies S to take steps to promoteac- PRES /REUTERS cess to voting, as a voting- TED rights bill faces GOP oppo- Officials’ drive to please their leader results in unproductive practices CIA SO sition in the Senate. A3 ODUCTIONS AS PR SE/ Russian intelligence BY CHUN HAN WONG ing in cold-weather clothing during summer O agencies have mounted a house calls, Ms. Pang said. /NY campaign to undermine After Chinese leader Xi Jinping ordered Since taking power in late 2012, Mr. Xi OW CR confidenceinWestern vac- rural poverty eliminated by 2020, bureau- has realigned Chinese politics with his domi- TNEY cines,U.S.officials said. A6 crats in the southwestern city of Mianyang neering style and a top-down drive to forge PUGLIESE/HARP got busy—with paperwork. a centralized state under the Communist UR JOE U.S. government scien- CO tists are resisting calls for Instructed to devote 70% of their time to Party. But his efforts are running into an old one-dose regimens for two the campaign, they diligently filled out foe: bureaucracy. WORLD NEWS BUSINESS&FINANCE Covid-19 vaccines designed to forms certifying compliance, a practice Party observerssay the drivefor central- An interviewwith the Lessons from last be given with two shots. A6 known as “leaving marks,” said Pang Jia, a ization in asprawling nation toooften fos- Dukeand Duchessof year’s end to the local judicial clerk who joined the effort. ters bureaucratic inertia, duplicity and other Acyberattack on Micro- When higher-ups demanded photographic PleaseturntopageA10 Sussexdetails their rift longest-yetbull soft’sExchangeemail soft- proof of their home visits, some aid workers with royalfamily. A8 market. B1 ware is believed to have in- made up for missing winter photos by pos- Beijing targets chips, AI in U.S. tech race........ A9 fected tens of thousands of U.S. businesses,government offices and schools. A5 A Pineapple a Day Keeps China laid out plans to Big CompaniesGet Go-Ahead speed up development of ad- An Island’s Chefs Very Busy vanced technologies over five years, raising the stakes in iii To Give Vaccinations to Staff the tech race with the U.S. A9 Taiwan embraces the fruit in burgers, JOURNAL REPORT cakes and more as an act of patriotism BY SARAH KROUSE with priority to those over 65 cording to Illinois public-health Investing in Funds: yearsold and then workersiN records. Some of those compa- Highlights from the WSJ Largeemployers,fromthe operations and manufacturing. nies runorare planning to ruN TaxGuide 2021. R1-10 BY JOYU WANG food with pineapple and meatpacking industrytopharma- AbbottLaboratories also has closed vaccine-giving events, AND CHAO DENG spiced chicken breast and ceutical companies,are getting begun giving doses at itsnearby meaning only their ownstaff CONTENTS Outlook....................... A2 pineapple salad. The20spots permission from public-health of- headquarterstoeligible work- areeligible,not the broader Arts in Review... A13 Personal Journal A11-12 BusinessNews.......B3 Sports....................... A14 TAIPEI—Like many people foraspecial five-course,pine- ficials to administer Covid-19 ers, such as those in manufac- public.Sites arereliant on state Crossword.............. A14 Technology............... B4 in Taiwan, Allen Hsueh has a apple-inspired meal,sched- vaccines,hoping to speed up in- turing,food serviceand day- and local public-health authori- HeardonStreet... B10 U.S. News............. A2-6 newfound fervor forpine- uled later this month, oculations of their employees. care,aspokeswoman said, and ties forallocations of doses. Markets...................... B9 Weather................... A14 apple. filled up in a day. Manybusinesses see giving Tyson Foods Inc.has delivered Money manager Fidelity In- Opinion.............. A15-17 World News....... A8-9 The38-year-old chef Thekey to eating lots vaccine doses to employees at dosestostaff at itsJoslin, Ill., vestmentshas registered to has come up with at of the fruit is variety,Mr. work as away to efficiently vac- beef plant and to some workers provide doses at itsBoston > least a dozeN new reci- Hsueh said. “You’regoing cinatestaff but, in doing so,are in Iowa,aspokesman said. headquarters and will begin pes for his restaurant in to get bored if you keep joining aracefor
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