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Construction Magnate Gives $300 Million to Alma Mater

A 91-year-old New York native who made a fortune building hospitals gave $300 million to his alma mater, the Missouri University of Science and Technology, among the largest gifts to a college.

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Chinese City to Test Nine Million for Coronavirus After Finding a Dozen Cases

The Chinese city of Qingdao will test its more than nine million residents for Covid-19, authorities said, after the discovery of a dozen new cases linked to a local hospital—China’s most significant virus scare in months.

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U.S.-Europe Relations Tested as Talks on Taxing Multinationals Fall Short

World governments have failed to agree to new rules on taxing the profits of multinational companies, a long-running point of tension between the U.S. and Europe over levies paid by the likes of Apple and Google.

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Carla Bruni Received the Same Piece of Advice From Her Husband and Grandmother

The former model’s self-titled sixth album, released on October 9, was recorded in a little over a week when France’s confinement lifted in June.

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The Los Angeles Lakers Win the NBA Title

The Los Angeles Lakers beat the Miami Heat to win the NBA championship. The league’s longest season ended with a fourth title for LeBron James.

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Coronavirus Stimulus Spending Consensus Eludes Global Leaders

As officials gather virtually this week for the annual meetings of the IMF and World Bank, agreement on the need for more spending to bring pandemic-racked economies back to health will be crucial, economists say.

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Trump Tests Negative for Covid-19 on Consecutive Days, White House Physician Says

President Trump tested negative for Covid-19 on consecutive days, White House physician Sean Conley said in a memo as Mr. Trump traveled to Florida for his first formal campaign rally since being treated for the virus.

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Do Babies Need to Eat Meat?

For its first-ever dietary guidelines for children under 2 years old, the USDA weighs recommendations for a diet including fruit, vegetables—and meat, prompting objections from plant-based advocates.

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Biden’s Election Formula: It’s About Two Big Themes, Man

Joe Biden leads in 2020 because he has bored in on two big themes that turn out to have broad resonance: The country is ready to unify rather than divide, and the coronavirus is, as he might say, a really big deal.

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Wisconsin Says Foxconn Doesn’t Qualify for Subsidies

Wisconsin officials have denied a request by Foxconn Technology Group for the first payments in what had been envisioned as $3 billion in state subsidies for a major technology complex.

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Central Banks Haven’t Made a Convincing Case for Digital Currencies

Seven central banks and the Bank for International Settlements published a report outlining common principles for issuing digital currencies to the public. What remains unclear is why this pitfall-ridden shift is necessary.

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Zoom Will Need to Start Phoning It In

The videoconferencing superstar has become a household name but will soon need to show it can tap new markets.

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Bank of England Questions Lenders on Readiness for Negative Rates

The U.K. central bank asked British lenders to assess their readiness for subzero interest rates, a sign that officials are weighing the merits of a policy that bankers say would heap problems on a sector already weighed down by Covid-19 and Brexit.

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Airbus's Home City Looks Beyond Aviation to Survive Covid-19 Crisis

A decadeslong aerospace boom suddenly ended in Airbus’s home city of Toulouse, France, as global passenger traffic collapsed. WSJ traveled to the aviation capital, where autonomous vehicles and superfast trains could bring back some of the lost jobs. Photo composite: George Downs

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Natural Gas Surges as Traders Brace for Cold Winter

Prices rose toward their highest level in nearly two years, extending a recent rally.

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Nobel Prize in Economic Sciences Is Awarded to U.S. Academics

U.S. academics Paul R. Milgrom and Robert B. Wilson won the Nobel Prize in Economic Sciences “for improvements to auction theory and inventions of new auction formats.”

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BTS Won’t Stay Forever Young. The K-Pop Sensation’s Owner Needs New Big Hits.

The successful IPO of K-pop producer Big Hit Entertainment gives the company big resources, but it needs to diversify from its sole money-spinner, boy band BTS.

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Economy Week Ahead: Inflation, Jobless Claims, Retail Sales

Coming up this week in economic news, U.S. consumer prices, employment figures and retail-sales numbers.

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Wisconsin Judge Upholds Governor’s Mask Order

A Wisconsin judge has upheld the governor’s order declaring a public health emergency and requiring masks to be worn in enclosed spaces across the state.

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A Big Montecito Estate Sells for Little Over Half Its Original $125 Million Asking Price

The 237-acre property known as Rancho San Carlos fetched $63.25 million.

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Surging Online Sales Drive Growth for Shopify’s Fulfillment Service

The Shopify Fulfillment Network that handles the storing, packing and shipping of goods for online sellers “enrolled more merchants and increased our fulfillment volume…by two-and-a-half times over Q1” in the second quarter, said Thomas Epting, director of the network.

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The 100 Most Sustainably Managed Companies in the World

A new ranking by The Wall Street Journal that focuses on companies’ ability to create long-term shareholder value puts Sony at the top.

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Republicans, Democrats Clash at Confirmation Hearing for Amy Coney Barrett

Senate Republicans focused on Judge Amy Coney Barrett’s qualifications and their responsibility to approve her nomination at Senate Judiciary Committee hearings Monday, while Democrats highlighted the haste of the confirmation process and the threat to the Affordable Care Act.

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WSJ’s Most Sustainably Managed Companies Finds Tatung and Kering Topping Innovation List

The category’s leaders come in two kinds: tech hardware and electronics, or clothing and footwear.

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Facebook Bans Content Denying the Holocaust on Its Platforms

Facebook said it would begin removing Holocaust denials or distortions from its social media platforms following years of complaints from civil rights groups that the company tolerated hate speech.

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Community Conversations: Reckoning With History

Columbus Day celebrations this year are curtailed or impacted by the pandemic at the same time communities are wrestling with what should happen to historical statues. Join WSJ’s Ebony Reed, John Viola, host of the Italian American Podcast, and Kevin Gover, director of the Smithsonian’s National Museum of the American Indian, as they discuss the complexities around art history, Columbus Day and historical statues.

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Apple’s New iPhone 12 With 5G Technology Carries High Expectations

Some see the new smartphone spurring consumer upgrades and record sales, while others question the appeal of faster speeds.

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Senators Deliver Opening Remarks in Barrett Confirmation Hearings

The Senate Judiciary Committee began hearings for Judge Amy Coney Barrett with opening statements Monday. Republicans focused on the Supreme Court nominee’s qualifications while Democrats criticized the timing of her nomination. Photo: Patrick Semansky/Press Pool

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Disney Elevates Streaming Business in Major Reorganization

The changes aim to give priority to Disney’s streaming video businesses, creating new units that will produce content for digital and traditional platforms, in a shift echoing similar moves by other entertainment giants.

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Twitter, Apple, PG&E, Twilio: What to Watch When the Stock Market Opens Today

U.S. stock futures point to a muted advance when the market opens. Tech giants Apple and Twitter are among the biggest gainers.

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The Senators to Watch During Amy Coney Barrett’s Supreme Court Hearings

A half-dozen Senate Judiciary Committee members will play notable roles during the hearings for Supreme Court nominee Amy Coney Barrett this week.

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Twilio to Acquire Customer-Data Firm for $3.2 Billion

Twilio agreed to acquire Segment, a software provider that focuses on helping businesses track customer data.

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Amy Coney Barrett and the Ivies

Harvard and Yale worry what the newest justice would mean for their racial-preference policies.

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Hits and Misses of the Week

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Reuters/AFP via Getty Composite: Mark Kelly

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Southwest Airlines to Challenge Rivals at O’Hare and in Houston

The carrier is pushing into two of the largest U.S. airports, signaling its plan to grab market share from United and American, bigger rivals hobbled by the coronavirus pandemic.

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Ming Smith on Her New Photo Book Which Features James Baldwin and Grace Jones

A monograph from photographer Ming Smith compiles decades of her work, from street shots to portraits of Black writers and musicians.

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Covid-19 Reinfection Documented in Nevada Adds to Questions on Virus Immunity

A number of Covid-19 reinfections around the world suggest that it may be hard to reach broad herd immunity against the coronavirus without a vaccine, researchers say.

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New U.S. Coronavirus Infections Fall but Remain Elevated in Midwest

The U.S. reported fewer than 50,000 new coronavirus cases for the first time in five days, while cases remained elevated in several states, particularly in the Midwest.

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Bed Bath & Beyond CFO Looks to Declutter Shelves, Reduce Working Capital

Home-goods retailer plans to close 200 stores over the course of two years and unveil a new store model later this month.

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Trump Books Fuel Record Sales of Political Titles

Extraordinary demand for Trump-related books ahead of the Nov. 3 presidential election has put 2020 on pace to be a record sales year for political books.

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How Airbnb Pulled Back From the Brink

Lessons from the home-sharing giant’s near-death experience: Focus on the core business, keep expenses low and listen to customers; “I did not know that I would make 10 years’ worth of decisions in 10 weeks,” its CEO said.

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LeBron James Is a Champion Again. He’s Also a Bargain.

LeBron James is worth more than he’s paid. He’s the biggest market inefficiency in the NBA.

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Global Companies Are Caught Between New Taxes and a Trade War

The prospect of a higher corporate tax rate isn’t so unappealing when set against the risk of a chaotic global trade and tax war.

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Billy Beane Set to Leave Baseball Behind in Fenway Sports Deal

The proposed deal to take the parent company of the Boston Red Sox public leaves Billy Beane with a difficult choice: He runs the Oakland A’s front office and holds a minority stake in the team, and could soon have an interest in the Red Sox. He could resolve that conflict by turning to other sports.

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Mumbai Blackout Leaves Millions Without Power for Hours

The failure in India’s financial hub was seen as an embarrassment for the country as it seeks to attract international investment and lure manufacturing away from China.

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Amy Coney Barrett Should Refuse to Recuse

She’d have a duty to hear election cases if she’s confirmed.

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Biden’s Change Beats Trump’s Disruption

Voters don’t reject the president’s personality but his hostility to institutions and standards of decency.

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EU to Sanction Russia Over Poisoning and Belarus Leader Over Crackdown

The European Union agreed Monday to impose sanctions against Russian officials allegedly involved in the poisoning of Russian opposition leader Alexei Navalny and Belarus officials over the repression of protesters.

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Baseball Hall of Famer Joe Morgan Dies at 77

A driving force of Cincinnati’s Big Red Machine of the 1970s, Joe Morgan is considered by many to be the sport’s greatest second baseman. Morgan died at his home Sunday in Danville, Calif.

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Many Corporate Boards Still Face Shortage of Tech Expertise

Corporate boards could soon be on the hunt for fresh technology expertise as digital business models pursued in the wake of the coronavirus pandemic reshape business strategy.

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SEC Probes Small Bond Trades That Lead to Big Returns

Mortgage investors’ purchases of bonds in odd-lot amounts is drawing the ire of securities regulators, who have argued that some funds use higher marks on the trades to inflate their performance.

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Santander Debt Surges as Investors Take a Risky Bet on Redemption

Investors are betting Spanish lender Banco Santander won’t be able to make interest payments on a risky form of bank debt. In a strange twist of events, instead of shunning the debt, investors are scooping it up.

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Opioid Crisis Pushes Drugmaker Mallinckrodt to File for Bankruptcy

The company, weighed down by litigation related to opioids and a multiple-sclerosis treatment, said it agreed to a proposed restructuring that would reduce its total debt by about $1.3 billion.

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Amy Coney Barrett Delivers Opening Statement in Confirmation Hearing

Judge Amy Coney Barrett spoke about her legal background and judicial philosophy in an opening statement before the Senate Judiciary Committee Monday. Photo: Patrick Semansky/Agence France-Presse/Getty Images

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California Election Official Demands State GOP Remove Ballot Drop Boxes

California’s secretary of state sent letters to state Republican officials calling for the immediate removal of ballot drop-off boxes that he said improperly resembled official ones set up by local governments.

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One of the Year’s Worst Short Bets Defies Scathing Reports and an SEC Investigation

No stock has been more heavily attacked by activist short sellers this year than GSX Techedu, but the New York-listed Chinese tutoring company has so far come out on top.

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Amy Coney Barrett's Supreme Court Confirmation Hearing, Day One — As It Happened

Judge Barrett testifies in front of the GOP-led Senate Judiciary Committee.

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LeBron James Will Never Win Everyone Over. Who Cares. It’s Silly.

LeBron James isn’t perfect. But to deny yourself the pleasure of watching the NBA’s best player is to deny yourself joy.

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China Taps the Brakes on a Yuan Rally

Banks no longer need to deposit 20% of their sales when buying and selling what are called currency forwards denominated in U.S. dollars for clients.

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Apple vs. Lumber: The Low-Tech Asset That's Leading Growth

Alongside tech stocks, winning investments this year include wood. That is because people are buying more houses thanks to the Fed's low rates, explains WSJ's senior markets columnist James Mackintosh.

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Get Ready for a Flood of Falsehoods About Originalism

People who ought to know better misrepresent my father’s views—and Judge Amy Coney Barrett’s.

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‘The Luckiest Man’ Review: Remembering a Maverick

Sen. John McCain—war hero, wisecracker, hothead, unconventional politician—never achieved the office he wanted and deserved.

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An October Amazon Prime Day Opens a Remade Holiday Shopping Calendar

Retailers want the holiday buying season to hit full speed in October as they brace for a sluggish end to the shopping year. Walmart, Target and Amazon are among the retailers starting online holiday deals this week.

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Trump, Biden Campaign Travels Show Expanded Battleground Map

The campaign battleground map has expanded in this year’s presidential race. On Monday, Trump headed to Florida for his first campaign event since contracting Covid-19, and Democratic nominee Joe Biden and Vice President Mike Pence were both in Ohio.

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Dak Prescott Is the Latest NFL Star to Be Lost Due to Injury

In a season already disrupted by health and safety concerns due to the pandemic, Dallas Cowboys quarterback Dak Prescott joins high-profile stars including Saquon Barkley and Nick Bosa on the sidelines.

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Amy Coney Barrett's Supreme Court Confirmation Hearing, Day Two — As It Happened

On the second day of Judge Barrett's confirmation hearing, she faces questions from senators.

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Tupperware Taps Finance Chief Harris for Operations Role

Tupperware Brands said it would make Chief Financial Officer Cassandra Harris its chief operations officer, giving her two major executive positions to oversee.

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Covid-19 Is Creeping Into Europe’s Schools

Parents sent their children back to school a month ago after officials insisted there was scant evidence the virus would spread among children. Now schools are reporting thousands of cases in some of Europe’s biggest coronavirus hot spots.

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Squarespace Taps New CFO to Improve Forecasting, Reporting as Company Weighs IPO

Software company Squarespace is bringing in a new finance chief to help strengthen its financial reporting and forecasting ahead of a potential listing on the public markets.

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WSJ Opinion: Wonder Land by Daniel Henninger Opinion: The Case For Stopping the Covid-19 Lockdowns

Wonder Land: Leading epidemiologists have come together to write "The Great Barrington Declaration," which urges a “Focused Protection” strategy in managing the

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China Quarterly Car Sales Shift Out of Reverse for First Time in Two Years

China’s car market recorded its first quarter of year-over-year sales growth in two years as a broad economic recovery bolstered consumer confidence and discounts boosted demand, especially for electric vehicles.

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J&J Hopes Covid-19 Vaccine Trial Will Restart Shortly

Johnson & Johnson hopes to know within days whether it can resume testing its Covid-19 vaccine, although executives said they know little about the illness that prompted a pause in the clinical trials.

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Boeing Subsidies Merit EU Tariffs on $4 Billion in U.S. Goods, WTO Rules

The World Trade Organization said the European Union may impose tariffs on $3.99 billion in Boeing jets and other U.S. goods annually as part of a long-running trade dispute.

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U.S. Agents Returned Migrants to Honduras in Unauthorized Operation, Senate Report Says

Border agents are prohibited by the State Department from conducting direct enforcement operations in countries abroad.

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The Forgotten British Race Car With Ferrari Flair

The “coolest thing” about Ford Heacock III’s 1961 Sunbeam Harrington Alpine is that it competed in the famed 12 Hours of Sebring wearing the Italian carmaker’s logo.

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Help Wanted at Covid-19 Testing Labs

The coronavirus pandemic has heightened longstanding labor shortages in America’s clinical laboratories.

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JPMorgan, Citigroup Signal That Economy Isn’t Out of the Woods

Both banks reported better-than-expected results, but JPMorgan CEO James Dimon said the U.S. needs another coronavirus-relief package.

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Regeneron’s Coronavirus October Surprise

Trump told me in July that he was more hopeful about therapeutics than about a vaccine. He was prescient.

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Vacation Home Demand Soars During the Covid-19 Pandemic

Home sales are booming in popular vacation spots such as Key West, Fla., and Ocean City, N.J., according to a new analysis by Zillow Group, as the pandemic leads more Americans to seek places to work or relax within driving distance of home.

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Mass Testing: China Doubles Down on Its Covid-19 Control Plan

Mass testing has become a major part of how the Chinese government plans to eradicate coronavirus and keep the economy on track. WSJ’s Chao Deng explains how the tourist city of Qingdao wants to test 9 million residents after a cluster of new cases. Photo: Agence France-Presse/Getty Images

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Sustainably Managed Companies 2020

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Johnson & Johnson Pauses Covid-19 Vaccine Trials Due to Sick Subject

The company said an independent committee is reviewing the subject’s illness, and it will review the medical information before deciding whether to restart the studies.

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Best Companies at Managing Environmental Risk

Heavy-goods makers lead the way in this category of the WSJ top 100 sustainably managed companies.

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U.S. Stocks End Lower as Earnings Season Begins

Major indexes declined, pressured by a string of mixed earnings reports from companies ranging from airlines to banks.

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J&J Vaccine Pause Shows Challenges Still Ahead for Covid-19 Shots

The suspension of Johnson & Johnson’s trials poses another setback for global efforts to develop a shot to protect lives and jump-start economies battered by the pandemic, as well as a reminder of the challenges of fast-tracking vaccine development.

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JPMorgan Profit Rises 4%, A Surprising Show of Coronavirus Resilience

The largest bank in the U.S. by assets set aside just $611 million for potential future loan losses, compared with $10.47 billion in the previous quarter.

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Elizabeth Marvel Was Born With Stars in Her Eyes

The “Helstrom” actress had an early fascination with outer space and landed in Juilliard after boarding school.

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Theater Chain AMC Says It Could Run Out of Cash by Year-End

AMC Entertainment Holdings may be out of cash by the end of the year if it doesn’t raise additional funds or if attendance doesn’t improve from current lows during the coronavirus pandemic, the company said.

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How Do Real-Estate Agents Show Homes During Covid? With Face Masks, Gloves and Some Ingenuity

A pair of brokers in Beverly Hills, Calif., hired a body-language expert to help them navigate a new normal.

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Social Security Benefits to Rise 1.3% in 2021

Americans receiving Social Security will see a 1.3% cost-of-living increase in benefits next year, the federal government said Tuesday, reflecting subdued inflation this year.

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Election 2020 and ‘the Invisible’

Backers of Trump and Biden have different views on the potency of unseen forces.

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Halloween 2020: Candy Chutes. Quarantined Books. Virtual Costume Contests.

Families are trying new ways to scare up Halloween spirit this year; ‘Kids can come and grab candy without having to come too close.’

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Joe Biden Keeps Everyone Guessing on Wall Street Regulation

The Democratic presidential candidate forged close ties with lenders over his Senate career. A recent shift on issues from student debt to buybacks has both progressives and Wall Street Democrats guessing whose side he is on.

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iPhone 12 vs. iPhone 11 vs. iPhone SE vs. iPhone XR: Comparing Apple’s Full Lineup

Columnist Joanna Stern put the four new iPhone 12 models side by side with three older models still on sale, and cut through the confusion to help consumers decide which one to choose.

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Group Discussed Kidnapping Virginia Gov. Ralph Northam

The men charged with plotting to kidnap Michigan’s governor also discussed abducting Virginia Gov. Ralph Northam, an FBI agent testified at a court hearing.

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Citigroup Needs to Spend Money to Make Money

The bank has a lot of big tasks ahead as it seeks to get out of Washington’s penalty box. Investors would do well not to be overly concerned about exactly how much it will cost.

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Secrets of Jackie Kennedy Onassis’s Hairdresser

A new book, “Kenneth: Shear Elegance,” honors the man who created the First Lady’s bouffant, Marilyn Monroe’s swoop and other hairdos.

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Turkish-Backed Syrian Fighters Join Armenian-Azeri Conflict

Hundreds of fighters from Syrian militias allied with Turkey have joined the fighting between Azerbaijan and Armenia over the disputed enclave of Nagorno-Karabakh, and hundreds more are preparing to go, according to two Syrians involved in the effort.

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Credit Suisse Hires Veteran Meissner to Lead New Unit Serving Wealthy Clients

Christian Meissner will be co-head of international wealth-management investment banking advisory and vice chairman of investment banking.

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Amid Pandemic, JPMorgan Can Afford to Think Long Term

JPMorgan Chase posted a stronger-than-expected quarter, but the real upside for the bank will be much farther down the road.

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