华尔街日报-2021-07-09 （搜搜报告）.pdf

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1、* * * * *FRIDAY,JULY 9,2021 VOL. CCLXXVIII NO. 7WSJ.comHHHH $4.00 DJIA34421 . 93g25 9. 860. 7%NASDAQ1 45 5 9. 78g0. 7%STOXX60045 1 . 61g1 . 7%10-YR.TREAS.1 0/32,yield 1 . 287%OIL$72. 94$0. 74GOLD$1 , 799. 60g$1 . 90EURO$1 . 1 848YEN1 09. 76 BYANDREWRESTUCCIA ANDNANCYA.YOUSSEF Biden Defends Plan for

2、Afghan Pullout Aug. 31 date is set as interpreters are promised relocation amid Taliban threat U.S. health regulators nar- rowed the prescribing instruc- tions for the first new Alzhei- mer sdruginnearlytwo decades, recommending the therapy be given to people with early-stage symptoms of the disease

3、. The change recommends use of the drug, Aduhelm from Biogen Inc., be brought in line with the patients on which it was studied. It could also make it easier for Medicare, the federal in- surance program that is ex- pected to pay for most pre- scriptions, to limit the bill it faces from Aduhelm in c

4、oming years by restricting the num- ber of patients who take it. Apowerfulagencythat China s President Xi Jinping set up during his first term to police the internet is taking on a new role: regulating U.S.- listed Chinese companies. The Cyberspace Adminis- tration of China, which reports to a centr

5、al leadership group chaired by Mr. Xi, is taking a lead role in Beijing s just-an- nounced push to strengthen interagency oversight of com- panies listed overseas and to tighten rules for future foreign listings, people with knowl- edge of the matter said. The Other Greek Freak In the NBA iii Christ

6、osTsaltas hasquestions;hes upallnighttoask BYBENCOHEN It was late at night in the United States but very early in the morning in Greece, when a reporter named Christos Tsal- tas took his customary place in the corner of a Zoom screen and introduced himself to an NBA star. “Hello, Bam,” he said to Ba

7、m Adebayo of the Miami Heat. “I would like to ask you” This polite greeting is how the league s most prolific inter- viewer begins most of his ques- tions. And he has a lot of them. Mr. Tsaltas has so much that he would like to ask players that he can t limit himself to one question. “And also” he s

8、ays PleaseturntopageA12 Tokyo Bans Spectators at Olympics as Covid-19 Cases Surge PRECAUTIONS: The Olympics, which begin July 23, will be off-limits to spectators, organizers said Thursday, after Japan declared a new state of emergency that will continue through the end of the Games due to a rise in

9、 Covid-19 cases. A8 KYODO NEWS/ASSOCI ATED PRESS Recent film program grad- uates of Columbia University who took out federal student loans had a median debt of $181,000. Yet two years after earn- ing their master s degrees, half of the borrowers were making less than $30,000 a year. The Columbia pro

10、gram of- fers the most extreme exam- ple of how elite universities in recent years have awarded thousands of master s de- grees that don t provide graduates enough early ca- reer earnings to begin paying down their federal student loans, according to a Wall Street Journal analysis of Education Depar

11、tment data. THE ARTIFICIAL INTELLIGENCE ISSUE R1-10 WASHINGTONPresident Biden mounted an ardent de- fense of his decision to end the U.S. military involvement in Af- ghanistan, standing by the plan amid rapid gains by the insur- gent Taliban, signs of strain on the Afghan military and grim forecasts

12、 from U.S. military and intelligence officials. Mr. Biden on Thursday said the U.S. military mission in Af- ghanistan is on track to end on Aug. 31, arguing that the U.S. had achieved the objec- tives it set out two decades ago and adding that his ad- ministrationwouldmove thousands of potentially e

13、n- dangered Afghan interpreters out of the country in August. “We did not go to Afghani- stan to nation-build. It s the right and the responsibility of the Afghan people alone to de- cide their future and how they want to run their country,” Mr. Biden said, making the case that the U.S. had degraded

14、 the terrorist threat in Afghanistan. Noting the more than 2,000 American deaths during the war, Mr. Biden said it was time to leave. “I will not send an- other generation of Americans to war in Afghanistan with no expectation to achieve a dif- ferent outcome,” he said. The Taliban have taken over P

15、leaseturntopageA6 Biogendisclosedthelabel change on Thursday. The U.S. Food and Drug Ad- ministration, which made the change,initiallyapproved Aduhelm in June for all Alzhei- mer s patients, rather than the specific group of patients with relatively mild symptoms for whom the drug was designed. Some

16、 doctors and health economists criticized the broad approval,warningitcould drive up wasteful Medicare spending by prompting sicker patients to take the medicine despite unlikely benefit. “Treatment with Aduhelm should be initiated in patients with mild cognitive impairment or mild dementia stage of

17、 dis- ease, the population in which PleaseturntopageA5 BYJOSEPHWALKER FDA Narrows Use Of Alzheimers Drug ChinaCyberAgency Takes On Policing OfOverseasListings Behind the agency s rising clout is a desire to fix a lack of coordination between regula- tors, which has enabled the kind of mixed messages

18、 that preceded the initial public of- fering of ride-hailing giant Didi Global Inc. in June. While the cybersecurity reg- ulator sounded alarms to Didi about its network security, the people say, the main economic and financial regulators were largely supportive of the listing. In the absence of bei

19、ng told ex- PleaseturntopageA6 BYLINGLINGWEI Recent Columbia film alumni had the highest debt compared with earnings among graduates of any ma- jor university master s pro- gram in the U.S., the Journal found. The New York City university is among the world s most prestigious schools, and its $11.3

20、billion endowment ranks it the na- tion s eighth wealthiest pri- vate school. For years, faculty, staff and students have appealed unsuccessfully to administra- tors to tap that wealth to aid more graduate students, said current and former faculty and administrators, and doz- ens of students. Taxpay

21、ers will be on the hook for what- ever is left unpaid. Lured by the aura of de- PleaseturntopageA9 BYMELISSAKORN ANDANDREAFULLER TopMastersDegrees FailtoPayOff Elite schools push programs that dont yield enough income for graduates to cover loans Heard on the Street: Tech stock connection ends. B10

22、Pfizer Inc. will seek clear- ance from U.S. regulators in coming weeks to distribute a booster shot of its Covid-19 vaccine to heighten protection against infections as new virus strains rise. The company also said that it plans to start clinical trials in August of an updated ver- sion of its vacci

23、ne that would betterprotectagainstthe Delta variant. Pfizer and partner BioN- Tech SE said on Thursday that they will seek authorization for the third shot based on en- couraging initial study data. The companies said the data showed that a booster shot given at least six months after the second dos

24、e pro- duced antibodies protective against the original strain of the virus and a more recent strain known as Beta. The companies said that the antibody levels were five to 10 times higher than after two doses. The companies said they expect their booster shot to provide similar higher levels of pro

25、tection against the Delta variant. In addition, Pfizer and Bi- oNTech said they have begun producing the updated vaccine for testing in people. “While we believe a third dose of BNT162b2 has the po- tential to preserve the highest levels of protective efficacy against all currently known variants in

26、cluding Delta, we are remaining vigilant,” the companiessaid,usingthe code name for their original vaccine. The moves are the stron- gest sign to date of vaccine makers efforts to confront new variants of the virus that have been better able to elude existing shots. To date, companies have Pleasetur

27、ntopageA7 BYJOSEPHWALKER Pfizer Will Ask U.S. to Clear Booster for Covid-19 Variants Vaccine drive stalls with those who are hesitant. A7 Hospitalizations up as Delta variant spreads. A7 CONTENTS Arts in Review A10-11 Business News. B3,5 Crossword. A11 Equities. B7 Heard on Street. B10 Mansion. M1-1

28、4 Markets. B9 Opinion. A13-15 Sports. A12 Technol ogy. B4 U.S. News. A2-7 Weather. A11 Worl d News. A8,16 s 2021 Dow Jones email : wsj.l Need assi stance wi th your subscri pti on? By web: ;By email : By phone: 1-800-JOURNAL (1-800-568-7625) Repri nts Commerce Dep a rt men t( GDP) Not e: Ad j us t e

29、dfor i n fl a t i on 19809020001020 1,500 2,000 2,500 3,000 3,500 4,000 4,500 5,000 5,500Brit is hTh ermalUn it s OrderWil lTarget Rail ,SeaShipping A freight train travels along elevated tracks in Philadelphia. MATT ROURKE/ASSOCIATED PRESS . 更多细分领域报告请关注搜搜报告（s o s o y a n b a o ），行研君胃：s o s o b a o

30、g a o THE WALL STREET JOURNAL.* * * * *Friday, July 9, 2021|A3 U.S. NEWS Prosecutors said Mr. Ave- natti “betrayed his client s trust and sought to enrich himself by weaponizing his public profile in an attempt to extort a publicly traded com- pany out of tens of millions of dollars.” Lawyers for Mr

31、. Avenatti proposed a six-month prison term, noting his convicted of- fenses weren t violent and didn t cause financial loss. Mr. Avenatti sought, unsuc- cessfully, to have the verdict overturned and says he wasn t allowed to present important evidence at trial. His lawyers have previously said they

32、 would pursue an ap- peal. Mr. Avenatti, fighting back tears, told the judge that he was grateful for the love of his family, even when he least de- served it. He said he had al- ways wanted to fight for the little guy against the Goliaths. “For years, I did just that,” he said. “But I lost my way.”

33、 Judge Gardephe cited sev- eral reasons in handing down a sentence below that recom- mended by federal guidelines, including Mr. Avenatti s re- morse in court and what he called horrific conditions at the New York federal jail where Mr. Avenatti had been held. Thursday s sentencing caps just one of

34、Mr. Avenatti s legal battles. He also faces a litany of tax and bank charges in Califor- nia, with a trial set to begin next week in federal court in Santa Ana, Calif. A trial in New York is sched- uled to start next year on fed- Whether dribbling a basket- ball or identifying obscure Latin or Greek

35、 roots, Zaila Avant- garde doesn t show much stress. Now she has become the first Black American winner in the 96-year history ofthe Scripps National Spelling Bee. The 14-year-old from Harvey, La. , breezed to the championship on Thursday night.The only pre- vious Black winner was Jody- Anne Maxwell

36、 ofJamaica in 1998. Zaila said she was aware that people were watching her and dreaming offollowing in her footsteps.“I m hoping that within the next few years, I can see a little bit ofan influx ofAfrican- Americans, and not many His- panic people, either, so I m hoping to see them there, too,”she

37、said. She has described spelling as a side hobby, although she rou- tinely practiced for seven hours a day.She is a basketball prodigy who hopes to play some day in the WNBA and holds three Guin- ness world records for dribbling multiple balls simultaneously. Zaila twirled and leapt with excitement

38、after spelling the winning word “murraya,”a genus oftropical Asian and Australian trees. Associated Press New applications for unem- ployment benefits held near pandemic lows last week while the number of Americans col- lecting continuing payments fell sharply in late June as many states acted to cu

39、rtail jobless aid. Initialunemployment claims, a proxy for layoffs, rose by 2,000 for the week ended July 3, from a pandemic low the prior week, to a sea- sonally adjusted 373,000, the Labor Department said Thurs- day. The four-week moving av- erage, which smooths out vol- atility in the weekly figu

40、res, was 394,500, the lowest read- ing since March 2020. Meanwhile, the number of continuingunemployment payments made through regu- lar state programs fell by 145,000 to the lowest level since March 2020, for the week ended June 26. Unemployment assistance payments made through pan- demic programs

41、fell by nearly a half million for the week ended June 19 as some states ended their participation last month. Continuing claims data is reported on a delay. “Economic recovery and the associated suspension of sup- plemental unemployment ben- efits could incentivize people to take jobs, making the jo

42、b- less numbers fall further,” said Jason Schenker, president of Prestige Economics. About half of the states have announced that they will cut off enhanced and extended unemployment benefits before they are slated to end nation- wideinearlySeptember. Alaska, Iowa, Missouri and Mississippi were the

43、first to cut off payments as of June 12. A further 18 states were set to cut off payments by the end of Juneandfourmorethis month, though some are fac- ing legal challenges around those plans. Thursday s report showed Mississippi didn t make any pandemic-related payments in the June 19 week, and sev

44、eral others, such as Missouri and Texas, appeared to be winding down programs, paying tens of thousands of fewer continuing pandemicclaimsthanthe prior week. However, pan- demic payments also fell in states such as California and Illinois, which are slated to maintain benefits until Sep- tember. BYE

45、RICMORATH Jobless Payments Decline AsStates ReduceAid eral charges that he embezzled money from Ms. Daniels, an adult-film actress whose real name is Stephanie Clifford. Mr. Avenatti has pleaded not guilty to the charges and has denied wrongdoing. JudgeGardepheordered Mr.Avenattitoreportto prison on

46、 Sept. 15, after what is expected to be the conclu- sion of his trial in California. WhenMr.Avenattileaves prison, he will face three years of supervised release, Judge Gardephe ordered. Based in Southern Califor- nia, Mr. Avenatti had a reputa- tion as a rainmaker and a showman even before his rep-

47、 resentationofMs.Daniels made him a household name. In 2018, after The Wall StreetJournalrevealeda hush-money payment made to the adult film star to conceal her alleged sexual encounter with former President Donald Trump, Mr. Avenatti became a combative and telegenic staple on nightly news shows. Bu

48、t Mr. Avenatti s business affairs had been unraveling for years, court filings show. By early 2019, prosecutors showed at trial, Mr. Avenatti was about $11 million in debt, and a probe by the Internal Revenue Ser- vice in California had become a criminal investigation into his business and financial

49、 affairs. In a statement provided by a spokeswoman, Nike said: “Theverdictandsentence speak for themselves.” Michael Avenatti was sen- tenced Thursday to 2 years in prison for trying to extort Nike Inc. for more than $20 million, capping the public downfall of a celebrity lawyer whose star turn as Stormy Daniels s pugnacious lawyer ended in criminal charges. Mr. Avenatti, 50 years old, was convicted