P2JW237000-5-A00100-17FFFF5178F ADVERTISEMENT Meetour new, easy-to-use trading platform: thinkorswim® Web. LearnmoreonpageB10. ***** MONDAY,AUGUST 24, 2020 ~VOL. CCLXXVI NO.46 WSJ.com HHHH $4.00 Last week: DJIA 27930.33 g 0.69 0.002% NASDAQ 11311.80 À 2.7% STOXX 600 365.09 g 0.8% 10-YR. TREASURY À 21/32 , yield 0.639% OIL $42.34 À $0.03 EURO $1.1796 YEN 105.81 Storms Churn Toward U.S. as Dominican Republic Is Hit Plasma What’s Treatment News For Covid Business&Finance Gets FDA uckerberghas raised Zalarms about Chinese Clearance tech companies and the app TikTok in Washingtonasthe Facebook CEO has worked Emergency stepgrants to fend off U.S. regulation of use forhospitalized the social-media giant. A1 patients; agency is still Many employers had hoped to bring workers examining its efficacy back to the office next month, but as coronavirus BY THOMAS M. BURTON cases rose, some have AND AMY DOCKSER MARCUS scuttled those plans. A1 CK The record close that TO TheFood and Drug Adminis- the S&P 500 hit last week tration authorized use of con- has reignited debate in the SHUTTERS valescent plasma,the antibody- market over whether high A/ rich blood component takeN A/EP valuations are setting Í from recoveredCovid-19 pa- stocks up for a fall. B1 tients, forthe treatment of se- BARR rious coronavirus cases. The 2020 gold rush in Theagency’saction Sunday, markets is starting to un- ORLANDO called an emergency-use autho- nerve even some longtime DEADLY TOll: Tropical Storm Laura, one of two major storms headed toward the U.S., washed out streets in Santo rization, permitsuse of the fans of precious metals. B1 Domingo, Dominican Republic, on Sunday, and three people were reported dead. The storm is expected to hit Louisiana on treatment on hospitalized South Africa’s wine in- Thursday, while Marco, currently in the Gulf of Mexico, could make landfall in Louisiana on Monday. A3 Covid-19 patients. TheWall dustry is reeling after a se- Street Journal reported last ries of pandemic-induced month the movewas coming. shocks, including bans on ForCovid-19 patientsand the sale of alcohol. B3 the doctorswho treat them, the designation opens up the possi- Artsand crafts retailer Facebook CEO Raised Alarm bility forfaster and easier ac- Michaels hired former Yum cess to apromising treatment. CFODiamond as itsnext But the FDAsaid moreclinical chief financial officer. B2 studies arenecessaryfor defin- itiveproof of the therapy’s ef- Texas driller Arena En- About TikTok in Washington fectiveness. ergy has filed for chapter Doctorshavebeen looking 11 with a plan to sell virtu- forvalidated coronavirus treat- ally all of its assets to pri- When Facebook Inc.Chief agenda: to raise the alarm of expression and representsa In aprivatedinner at the ments. Until now, only one vate-equity firm Lime ExecutiveMark Zuckerberg about the threat from Chinese risk to American values and WhiteHouse in lateOctober, other drug,remdesivir from Rock Partners and a man- delivered aspeech about free- tech companies and, morespe- technological supremacy. Mr.Zuckerbergmade the case Gilead Sciences Inc., has the agement group. B5 cifically,the popular video- That wasamessageMr. to President Trump that the FDA’semergency-use OK. Facebook’s chief mar- By Georgia Wells, sharing app TikTok. Zuckerberghammered behind rise of Chinese internet compa- Certain seriously ill Covid-19 keting officer is leaving Jeff Horwitz, and Tucked intothe speech was the scenes in meetingswith nies threatens U.S. business, patientstreated with plasma the company. B5 Aruna Viswanatha aline pointing to Facebook’s officials and lawmakersduring and should be abiggerconcern containing high levels of anti- rising rival: Mr.Zuckerberg the October trip and asepa- than reining in Facebook,some PleaseturntopageA6 World-Wide dom of expression in told Georgetown studentsthat rate visit to Washingtonweeks of the people said. Washington, D.C.,last fall, TikTok doesn’t share Face- earlier,according to people fa- Mr.Zuckerbergdiscussed New Covid-19 cases in the therewas also another book’scommitment to freedom miliar with the matter. PleaseturntopageA2 U.S. edge lower........................ A6 The FDA authorized use of convalescent plasma, the antibody-rich blood Spain Feels BruntofNew Surge component takeN from re- Back-to-Office Plans Delayed covered Covid-19 patients, As infections climb across Europe, Spain is accounting for for the treatment of seri- about a third of the Continent’s new daily cases. A8 ous coronavirus cases. A1 BY lAUREN WEBER changes to office-reopening forworking parents. Some em- AND CHIP CUTTER plans, saying this month that ployers have already scuttled Daily confirmedCovid-19 cases, seven-dayrolling average Twomajor storms are stafferscould work from home plans to forceofficeworkers on track to hit the U.S. Gulf 8,000 This summer,executives at at leastthrough the newyear. back so soon. Coast this week,bringing health-caretechnologyfirm “I always saymycrystal ball They includesome of the potentially dangerous flood- Spain Epic Systems announced aplan: is not good enough,” said Brett country’sbiggest companies.IN ing and surges. A3 Most of the 9,500 employees at Rehm, an Epic vice president an August survey of 15 major 6,000 Thousands of firefight- its1,000-acrecampus in Wis- involved in thecompany’sre- employers that collectively em- ersinCalifornia arebattling consin would be expected back turn-to-office strategy. “It is ployabout 2.6million people, to contain massivewildfires in the officeinSeptember. good to have futureplans,but 57% said they had decided to 4,000 that have burned morethan Thecompany, likemany youhavetopay attention on a postpone their back-to-work one million acres,mainly others, has said itsemployees daily basis to what is going on.” plans because of recent in- France near the BayArea. A3 do their best work when they Expecting the virus to be creasesinCovid-19 cases. cancollaborateinthe same undercontrol by Labor Day, Nearly half said they were put- 2,000 Trump trails in national space. But blowback to the manyemployers had hoped to ting in additional safety mea- polls,but surveysalso iden- Germany mandatewas swift. Employees bring white-collar workers suresfor when they reopen, tifystrengths that could U.K. expressed fearsabout safety back to the officenextmonth. such as redesigned workspaces Italy help the president close the 0 and spreading the newcorona- But as cases rose in dozens of and temperaturechecks. gapbyElection Day. A4 virus.Local health officials states throughout the summer, PleaseturntopageA8 Feb. 2020 April June Aug. Kellyanne Conway will questioned the move. So Epic major school districts settled Note:AsofAug. 23 leave the Trump WhiteHouse joined legions of other compa- on remoteorhybrid instruc- Work & Life: Don’t let remote Source:European Center forDisease Prevention and Control at the end of the month be- nies making late-in-the-game tion,complicating the picture work slow career................... A11 cause of family needs. A4 The Democratic-led House has passed legisla- How a CEO Dealt With Taunts tion preventing U.S. Postal Emissions RulesTurn Saving Service cutbacks at least Of Generation Z: He Hired Them through January. A5 iii Themysterious illnessthat TreesIntoBig Business leftaKremlin critic in acoma Teen campaign againstLife360 app, has delivered ablowtoRus- sia’spolitical opposition. A7 which lets parentstrack kids, took aturn Belarusians protested Energy giants invest in forest preservation as carbon offsets BY YULIYA CHERNOVA companyshutsdown. “I’m go- against President Lukash- ing forpity,” said Mr.Hulls. enko’sreelection as the De- Afterahorde of teens orga- Mr.Hulls runs Life360, BY RYAN DEZEMBER aims to reducegreenhouse gasses by making fense Ministrysaid that disor- nized on social media to bash which makes an app that allows it moreexpensiveovertime forfirms operat- der wouldn’t be tolerated. A7 his company, Chris Hulls,the userstosharetheir location GRUNDYCOUNTY,Tenn.—For much of hu- ing in the statetopollute. Preserving trees is chief executiveofficer,took ac- with each other.Parentscan man history, the way to makemoney from a rewarded with carbon-offset credits, acli- CONTENTS Outlook....................... A2 tion. He joined them. useittokeep tabs on their tree wastochop it down. Now, with compa- mate-changecurrencythat companies caN Arts in Review... A13 Personal Journal A11-12 BusinessNews... B3,5 Sports....................... A14 In onevideo posted by Mr. kids.Some teens don’t likethat. nies rushing to offset their carbon emissions, purchase and apply toward atinyportion of Crossword.............. A14 Technology............... B4 Hulls,his wifeand young Thehashtag #banlife360, thereisvalue in leaving them standing. their tab. HeardonStreet... B10 U.S. News............. A2-6 daughterstaunt him started last fall, has Thegood news fortrees is that the going But lately,big energy companies,betting Markets...................... B9 Weather................... A14 by wearing T-shirts accumulated more rate forintact forestshas become competitive the idea will spread, arelooking to preserve Opinion.............. A15-17 World News.......... A7-9 calling to ban his than 75 million with what mills payfor logsincornersof vast tractsofforest beyond what they need company. In an- views on TikTok. Alaska and Appalachia, the Adirondacks and forCalifornia, as part of aburgeoning,specu- > other, he smiles In March, An- up toward Acadia.That is spurring landown- lativemarket in so-called voluntaryoffsets. next to aclip of