P2JW283000-5-A00100-17FFFF5178F ***** FRIDAY,OCTOBER 9, 2020 ~VOL. CCLXXVI NO.85 WSJ.com HHHH $4.00 DJIA 28425.51 À 122.05 0.4% NASDAQ 11420.98 À 0.5% STOXX 600 368.31 À 0.8% 10-YR. TREAS. (Re-opening) , yield 0.764% OIL $41.19 À $1.24 GOLD $1,888.60 À $5.00 EURO $1.1761 YEN 106.03 Conflicts in Russia’s Orbit Intensify, Upending Kremlin Plans Stimulus What’s News Talks Are On Again, Business&Finance But Deal MD is in advanced talks Ato buy Xilinx in adeal that could be valued at Is Elusive morethan $30 billion and mark the latest big tie-up in the rapidly consolidating Negotiations show semiconductor industry. A1 signs of life after AT&T’s WarnerMedia is Pelosi ties airline aid restructuring itsworkforce as it seeks to reducecostsby S to broad agreement as much as 20% as the pan- PRES demic drains income from TED BY KRISTINA PETERSON movie tickets, cable sub- CIA AND ALISON SIDER scriptions and TV ads. A1 SO AS MorganStanleysaid it is RE/ WASHINGTON—Demo- buying fund manager Eaton LU cratic and WhiteHouse negoti- TO Vancefor $7 billion, continu- atorsresumed discussions over ing the Wall Street firm’s N/PHO acoronavirus relief deal Thurs- shifttoward safer businesses YA day, but gavenoindication AR likemoney management. B1 AS they were closer to resolving GHD deep-seated disputes that led IBM plans itsbiggest- BA President Trump to end negoti- ever businessexit, spinning AM ationsearlier this week. off amajor part of itsinfor- HR FewonCapitol Hill were op- mation-technologyservices VA SHATTERED:Armenia accused Azerbaijan on Thursday of shelling ahistoric cathedral in the separatistterritory of Nagorno- timistic that Congressand the operations as the company Karabakh. Aseries of crises in Russia’s neighborsistesting the Kremlin’s goal to build deeper ties in the region. A7,A8 WhiteHouse would reach an sharpens itsfocus on faster- agreement beforethe Nov.3 growing businesses. B1 election. Still, negotiations that U.S. unemployment claims had been frozenshowedsigns remained elevated above of lifeafter House Speaker pre-pandemic highs last week, NancyPelosi (D., Calif.) on as layoffs persist and the la- Chip Company AMD Pursues Thursdaymorning ruled out bor-market recovery flashes moving forwardwith special signs of a slowdown. A2 support forthe batteredair- lines industrywithout a The average cost of em- broader agreement. ployerhealth coverage sur- Rival for $30 Billion Tie-Up In acall Thursdayafternoon, passed $21,000 forafamily TreasurySecretarySteveN plan this year,according to Mnuchin made clear that Mr. anew survey from the Kai- BY CARA lOMBARDO the people said. Thereisno income jumped morethan four- $30 billion. Trump wasinterested in reach- ser Family Foundation. A2 AND DANA CIMILLUCA guarantee they will getthere, fold to $157 million on the back AMD,based in SantaClara, ing an agreement on abroader U.S. stocks rose, with especially given that the talks of record notebook and server- Calif., is led by Chief Executive bill, according to Mrs. Pelosi’s the S&P 500, Dow indus- Advanced MicroDevicesInc. had stalled beforerecently re- processor sales,AMD said. Lisa Su.Inaddition to desktop spokesman, Drew Hammill, and trials and Nasdaq posting is in advanced talks to buy ri- starting,according to some of Thesurge in AMD shares and notebook computers, it an administration official. gains of 0.8%, 0.4% and valchip maker Xilinx Inc., ac- the people. could embolden the company makes componentsused in TheWhiteHouse has turned 0.5%, respectively. B10 cording to people familiar with AMD’smarket value now to makeanacquisition using gaming systems such as Xbox hot and cold on howbroad a the matter, in adeal that could tops $100 billion afterits itsstock as currency. Xilinx and PlayStation that have been deal to pursue.After ruling out McDonald’ssaid U.S. sales be valued at morethan $30 shares soared 89%this year as has amarket value of about in high demand as the pan- moretalks Tuesdayafternoon, have rebounded from the ini- billion and mark the latest big the coronavirus pandemic $26 billion, with itsshares up demic forces people to stay at Mr.Trump said Tuesdayeve- tial shock of the pandemic, tie-up in the rapidly consoli- stokes demands forPCs,gam- about 9% so far this year,just home.Italso has agrowing ning and reiterated in recent thanks to sped-up drive- dating semiconductor industry. ing consoles and other devices ahead of the S&P 500’s7%rise. data-center-processor business PleaseturntopageA2 throughs and apromotion Thecompanies arediscuss- that use the company’schips. With atypical takeover that increasingly rivals that of with musician Travis Scott. B1 ing adeal that could come to- Second-quarter revenue rose premium, adeal would value Intel Corp., long the dominant Layoffs continue, stalling jobs gether as soon as next week, 26%to$1.93 billion, while net the companyatmorethan PleaseturntopageA6 recovery........................................ A2 World-Wide Governor PlotTarget, U.S. Says Democratic and White Parent of Trump Shuns Debate House negotiatorsresumed discussions over acorona- virus relief deal but gaveno HBO, TBS Over Virtual Format indication they were closer to resolving deep-seated disputes that led Trump to Plans Big BY ELIZA COLLINS format of aplanned Oct. 15 de- end talks earlier this week. A1 AND MICHAEL C. BENDER batesothat the two candi- dates would participatefrom Plans forTrump and Bi- Plans forPresident Trump remotelocations.The presi- den to meet fortwo more Job Cuts debates this month were in andJoe Biden to meet fortwo dent and agrowing number of moredebates this month were people in the WhiteHouse re- question afterthe president AT&T Inc.’sWarnerMedia is in question afterthe president cently tested positivefor the refused to participateina restructuring itsworkforce as refused to participateinavir- coronavirus. virtual debatenextweek. A1 it seeks to reduce costs by as tual debatenextweek,leading Thefirst presidential debate Trump speculated that much as 20% as the coronavi- the Democratic nominee’scam- and Wednesdaynight’svice- he contracted the coronavi- X PleaseturntopageA4 ruspandemic drains income FO paign to schedule atownhall in rusfromone or moreofthe from movie tickets, cable sub- U.S. prosecutorssaid Michigan Gov. Gretchen Whitmer wasthe Philadelphia forthe same day. Gold Starfamilies with scriptions and television ads, target of akidnap plotaspartofaplan to overthrow elements Thedebateschedule wasup Trump suggests infection came whom he met recently. A6 people familiar with the mat- of the government. Six men were arrestedand charged. A3 in the air afterthe Commission from Gold Star families........... A6 Six men were arrested ter said. on Presidential Debates said Facebook cuts network linked and chargedwith plotting Theoverhaul, which is ex- Thursdayitwas changing the to conservative group.......... A4 to kidnap Michigan’sgov- pected to begin in the coming ernor as part of aplan to weeks,would result in thou- overthrow elementsofthe government, according to a By Drew FitzGerald, Wisconsin HasNoOil, Ye tSuffersFracking Crash federal criminal complaint. A3 Joe Flint GOP fundraiser Broidy is and Benjamin Mullin expected to plead guilty to violating aforeign lobbying sands of layoffs acrossWarner Mines that sent ‘Northern White’ sand to West Texas sit idle, costing jobs law, the latest development Bros.studios and TV channels in asprawling investigation likeHBO, TBS and TNT,the people said. BY ALEXANDER OSIPOVICH next door in Blair,Wis., which had rum- ingsCorp., an Ohio companywith Wis- intothe 1MDB scandal. A4 Rivalsincluding Walt Disney AND RYAN DEZEMBER bled since2015 to supply drillerswith consin mines, did so in June.Other TheJusticeDepartment Co.and Comcast Corp.’sNBC- silicathey blasted intoshale to let out mines have closed or cut hours. “This sued Yale, alleging that the Universal have also cut jobs in TREMPEALEAUCOUNTY,Wis.—For oil and gas. Thecoronavirus pandemic has been the most peaceful summer of school discriminated recent months as the film and years, MaryDrangstveit could feel the and aswitch by drillerstocheaper sand the last six years,” Mrs. Drangstveit said. against Asian-American TV businessstruggles. shale boom reverberating in her kitchen. accomplished what locals likeMrs. Thepeacehas been disquieting forlo- and white applicants. A3 “Likethe rest of the enter- This spring,oil prices crashed and the Drangstveit, 77,couldn’t in their efforts cals likeJoshua Brush, who mowed TheLabor Department tainment industry, we have rattling ceased. to fight the mine at town meetingsand grassatHi-Crush properties.Helost his PleaseturntopageA9 is investigating companies not been immune to the signif- It brought relief forher and distress court. with federal contractsthat icant impact of the pandemic,” forsome othersinher community. Themine’sowner,Hi-Crush Inc., filed aWarnerMedia spokesman Digging stopped at the sand mine forbankruptcy in July.Rival Covia Hold- OPEC sees lasting shift in oil market.... B1 have included specific nu- said, adding that the company merical goals in their pledges would reorder its operations to hiremorediverse staff. A3 to focus on growth opportuni- Zoom Frog Dissection TheU.S.blacklisted 18 Ira- ties. “We are in the midst of INSIDE nian banks as part of an eco- that processand it will involve Elicits Vomit Emojis nomic pressurecampaign. A7 increased investmentsinpri- American poet Louise ority areas and, unfortunately, iii Glück was awarded the No- reductions in others.” The coronavirus pandemic Students take virtual field trips