P2JW309000-8-A00100-17FFFF5178F ******** WEDNESDAY,NOVEMBER 4, 2020 ~VOL. CCLXXVI NO.107 WSJ.com HHHH $4.00 DJIA 27480.03 À 554.98 2.1% NASDAQ 11160.57 À 1.9% STOXX 600 356.01 À 2.3% 10-YR. TREAS. g 10/32 , yield 0.881% OIL $37.66 À $0.85 GOLD $1,908.50 À $18.10 EURO $1.1722 YEN 104.50 What’s Swing States AreTight News Business&Finance Biden, Trump locked in close contest amid pandemic and downturn hina called asudden Chalt to the world’sbig- Economy, Midwest gest IPO,casting uncertainty over the futureoffintech gi- ant Ant Group and delivering Virus and Likely Will arebuketoits controlling S shareholder,Jack Ma. A1, A8 PRES TheDow industrials had RaceSplit UMA Hold Key /Z their best daysinceJuly, NP gaining 2.1%, while the S&P /C 500 and Nasdaq rose 1.8% Electorate ONIS To Victory and 1.9%, respectively. B13 KLEP Comcast is in talks with BY JOHN MCCORMICK President Trump and for- CHRIS Walmart to develop and dis- AND CHAD DAY mer Vice President JoeBiden tributesmart TVs, as the ca- GES; remained locked in atight race ble giant looks to become a Theportrait of Americare- IMA that wasexpected to come dominant hub forstreaming vealed in Tuesday’s presiden- down to afew key states that apps,not just TV channels. B1 tial election wasone of a GETTY were still counting votes deeply divided nation split be- SE/ Wednesdaymorning. Aramcosaid it remains tween men and women, white committedtopaying its and nonwhitevoters, urban ANCE-PRES quarterly dividend despite By Michael C. Bender, and ruralresidents, college FR Sabrina Siddiqui asharp drop in profit. B1 graduates and those who and Tarini Parti Saudi Arabia and other ENCE didn’t graduate from college, AG OPEC membersare consid- T/ anddiffering views on the im- Thepresident wonOhio, ering deepening oil produc- portanceofcontrolling the HMID Iowa,Texas and the key prize tion cutsamid fresh con- SC coronavirus pandemic versus of Florida, while Democrats cerns about demand. B13 TO preventing further damage to were heartened by astrong BER Europe’stop markets the economy. RO performanceinArizona, which watchdog said it found ase- Anational votersurvey : Mr.Trump wonin2016.That ries of problems with Ger- conducted forThe Wall Street LEFT set up ashowdowninPennsyl- OM many’sregulatoryoversight Journal and other news organ- FR vania, Michigan and Wisconsin, and handling of Wirecard. B12 izations showedPresident Democratic nominee Joe Biden appeared last night in Wilmington, Del., and President which, along with states such Trump with his strongest sup- Trump visited his campaign headquarters in Arlington, Va., before election results Tuesday. as Georgia and North Carolina, Prudential Financial port among men, whitevoters weren’t yetcalled. posted growth forthe third without acollegedegree,rural Biden 270electoral votes Mr.Biden, the Democratic quarter despitealow inter- residents and those who said Notyet called needed to win As of 1:10 a.m. ET Wednesday presidential nominee,has sus- est-rateenvironment and Trump the government should priori- tained awide lead in national fallout from the pandemic. B3 tizethe economyevenifitin- Wash. polls,but statewide raceshad Bayerreported alossfor creases the spread of the coro- N.H. Maine been tighter.Mr. Biden said he the thirdquarter as the pan- navirus.Democrat JoeBiden Mont. N.D. Minn. Vt. believed he wasontrack to win demic compounded problems wasmoreheavily favoredby Ore. the election, while Mr.Trump the companyhas been facing women, urban and suburban projected confidenceinhis Idaho S.D. Wis. N.Y. sinceacquiring Monsanto. B3 residents, nonwhitevotersand Wyo. Mich. prospects. college graduates. Addressing supportersata FoxCorp.boosted profit Pa. TheAPVoteCast survey, Iowa Mass. drive-in rally in Wilmington, and revenue on astrong Nev. Neb. whichincluded morethan Ohio R.I. Del., Mr.Biden said the elec- performancefromFox Utah Ill. Ind. 100,000 registered voters, Colo. W.Va. Conn. tion wasn’t over “until every News in itslatestquarter. B4 Calif. Va. N.J. didn’t attempt to predict the Kan. Mo. Ky. vote is counted.” wiNNer of a race that has yet Del. “Weknewthis wasgonna N.C. World-Wide to be called. But it does sketch Tenn. Md. go long,but who knewwe Ariz. Okla. D.C. out in great detail the complex N.M. Ark. S.C. PleaseturntopageA4 mosaic of the 2020 American Ga. Trump and Biden re- electorate,agroup expected to Miss. Ala. Maine 1st mained locked in atight race break aturnout record from Texas La. that wasexpected to come 2016,when morethan 136 mil- Maine 2nd ELECTION down to afew key states that Alaska lion cast a ballot in the presi- Fla. Neb.1st were still counting votes dential race. Neb.2nd Wednesdaymorning.The In aJournal interview Hawaii Neb.3rd 2020 president wonOhio,Iowa, TuesdayonMilwaukee’snorth Texas and Florida, while side,55-year-old Jeffrey Note:Maine and Nebraskaaward one electoral vote foreach congressional district and twofor the statewide winner Democratswereheartened Briggs, a Democrat and assis- Source:AssociatedPress THE WALL STREET JOURNAL Go to WSJ.coM for by astrong performanceiN tant building manager who is the latest results. Arizona. That setupashow- Black,said he strongly op- House Democratsaim down in Pennsylvania, Mich- posed the president because of to widen majority... A5 igan and Wisconsin, which, 223 212 Voting sites take his rhetoric on race. along with states such as “People arejust fedupwith virus precautions... A7 Georgia and North Carolina, PleaseturntopageA6 Joe Biden Donald Trump weren’t yetcalled. A1, A4-7 Democratsgained their first seat in aquest to win control of the Senatewith avictorybyHickenlooper WhoeverPrevails, aNation Remains Divided in Colorado,yet their op- portunities to retake the chamber were shrinking as BY GERALD F. SEIB this much wasclear: Any and in some cases they ap- President Trump wonthe Thevast swath of ruraland election night unfolded. A5 thought that the political pic- peared to have widened. The votesof61% of whiteworking- small-towncounties that were Close U.S. House contests A divided nation is emerg- ture would look vastly differ- gapbetween men and women classmen, while Mr.Biden painted Republican redinthe were still being tallied late ing from awrenching presi- entafter ayear of bitterde- in Tuesday’svoting waslarge: wonanalmost identical 62% 2016 election that swept Mr. Tuesday as Democrats dential election bateand national reflection, Democrat Joe Biden drew the of the votesofwhitewomen Trump intothe WhiteHouse waited to see if they would ANALYSIS still divided—and and as aresult of acathartic votesof58% of women but with collegedegrees.The remain that color,while the ur- expand their majority and divided in many of presidential election, seemed just 49% of men, according to presidentmay have made ban counties that have become Republicans sought to hold the same ways it was before. to be fading away. AP VoteCast, abroad nation- some inroads with Black men the stronghold of the modern seats in the suburbs. A5 Theprecise outcome of the Instead, the same splits wide survey conducted forThe andHispanics in Florida, but Democratic Party remained presidential race wasundeter- that have been on displayiN Wall Street Journal and other voters of color remain aheav- deep blue.The biggest move- TheSupreme Court mined lateTuesdaynight, but recent yearsare still there, news organizations. ily Democratic constituency. PleaseturntopageA7 weighed whether trial judges must find juveniles “perma- nently incorrigible” before sentencing them to lifeiN prison without parole. A2 China HaltsAnt’sRecordIPO Thesuspect in the killing Salesforce. of four people in aVienna at- After Meeting With Regulators tack had been convicted on terrorism chargesafter trying #1 CRM. to join ISIS but wasreleased BY JING YANG HowAnt stacks up by value from prison afterserving part AND SERENA NG againstthe biggest of his term, officials said. A22 withdrawnIPOsonrecord Ranked #1 for CRM Applications basedon IDC 2020H1 Revenue Market ShareWorldwide. Ivory Coast’s president China called asudden halt to the world’s biggest initial 19.8% woN a third term following public offering,casting uncer- an election that was boy- Ant Group (2020) Loterias y tainty over the futureoffinan- cotted by the opposition. A22 Apuestas cial-technologygiant Ant $34.40 billion del Estad (2011) Group Co.and delivering an ex- $10.13billion traordinaryrebuketoits con- JOURNAL REPORT trolling shareholder,Jack Ma. Artificial Intelligence: TheShanghai Stock Ex- changesuspended Ant’sblock- Howtomakesystems DB Mobility AIA Group buster IPO lateTuesday, aday (2010) lessbiased. R1-8 Logistics afterfour regulatoryagencies (2008) $10 billion 5.3% summoned Mr.Maand the Budweiser 4.8% CONTENTS Personal Journal A15-16 company’stop two executives $7.88billion APAC (2019) 3.9% Arts in Review... A17 Property Report... B6 3.8% Business News.. B3,5 Sports....................... A18 to aclosed-door meeting. $9.02billion Crossword.............. A18 Technology............... B4 Themeeting and “changes Source:Dealogic Note:Ant figureisaminimum. 2016 2017 2018 2019 2020H1 Heard on Street.B14 U.S. News............. A2-3 in the financial technologyreg- (previously withdrawn Some of these companies successfully Markets.................... B13 Weather................... A18 ulatoryenvironment” consti- deals), staff reports (Ant) listedatalater date. Source: IDC, Worldwide Semiannual Opinion.............. A19-21 World News A10-11,22 tute major eventsthat have SoftwareTracker,October 2020. disqualified Ant from listing on been on track to raise at least