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What’s News |
| Good Morning Here’s what we’re watching as the U.S. business day gets under way: |
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Google bans Huawei from some Android services. Google is halting some Android services on smartphones made by Huawei, a sign that Washington's decision to deny the Chinese tech giant access to U.S. technology will bite into its booming consumer-device business. |
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Trump signals GOP discord on abortion. President Trump’s call for unity among abortion-rights opponents underscores an emerging split among Republicans, who are debating the merits and politics of new state laws aimed at curtailing access to abortion. |
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Early Uber investors undermined its market debut. Why the tepid response to the biggest IPO in years? Many potential investors already had plenty of exposure and some pre-IPO shareholders including BlackRock and prominent tech investor Tiger Global took a pass on buying more shares. Instead, they tried to sell stock before, or as part of, the initial public offering. |
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Firms tighten capital spending. Spending on factories, equipment and other capital goods slowed in the first quarter among a broad cross-section of U.S.-listed firms, highlighting concerns among executives that lingering trade tensions with China were making them and their customers cautious. |
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SEC levies billions in fines, but it doesn’t always collect. The Securities and Exchange Commission over the five years ending in 2018 took in 55% of the $20 billion in enforcement fines set through settlements or court judgments, according to agency statistics. The SEC has written off more than $10 billion in fines since 2009, according to a Journal analysis. |
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Pimco's ties to college-admissions scam architect ran deep. A former Pimco CEO was charged in the college-admissions scandal. But other executives had contacts with the architect of the bribery and cheating scheme. The bond manager is now examining any employee dealings with the central figure behind the scheme. |
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Meat prices set to climb as swine fever hits China's hogs. The firms that sell Big Mac and Whopper burgers, Jimmy Dean sausages and Dunkin’ bacon sandwiches all expect meat prices to rise this year, as China imports more pork, beef and poultry to fill a shortfall in its huge hog market. |
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Robots take a turn leading autism therapy in schools. Tech tools and robots have great potential in helping people with autism—particularly children—learn social, emotional and communication skills. |
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| ALYSSA SCHUKAR FOR THE WALL STREET JOURNAL |
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Millennials approach middle age in crisis. New data show Americans born between 1981 and 1996 are in worse financial shape than every preceding living generation, and may never recover. Their woes have delayed traditional adult milestones in ways expected to alter the nation’s demographic and economic contours. |
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Swede brings grandchildren home from ISIS drama. The Swedish government evacuated the orphans from a camp in Syria, yielding to public pressure and to the sheer tenacity of their Swedish grandfather, Patricio Galvez. The Journal chronicled Mr. Galvez’s quest to find his seven grandchildren and bring them to safety in a front-page story earlier this year. |
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A U.S. officer on a pink phone dials down North Korea tensions. In the DMZ, daily calls over an old hotline began ringing again after five years, covering issues such as girlfriends, the Dodgers or nothing much at all. |
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Fiat dents rivals’ pickup power. Ram pickup trucks from Fiat Chrysler are gaining market share from the Chevy Silverado and Ford-150 helped by new luxury interiors and aggressive showroom rebates. “It feels like I’m in a Mercedes,” a recent customer said. |
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After scandal, new policies emerge in Virginia. Months after a racist yearbook photo and sexual-assault allegations threatened to topple Virginia’s top elected officials, a surprising outcome is emerging: The scandal is helping advance causes particularly important to black voters. |
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Not even Apple can clean up streaming TV. The new Apple TV app aims to solve the biggest problems facing TV watchers. But the expanding universe of viewing options doesn’t want to play along, writes David Pierce. |
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| What Members Are Talking About |
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Visit WSJ Puzzles for our online collection of elegant, adventurous and addictive word games, or try your hand at today's crossword. Sign up to receive email alerts when a new puzzle is available. |
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Don't get too used to higher bank deposit rates. Investors increasingly think the Federal Reserve is on course to cut interest rates at least once this year. That makes it likely banks could start to reverse course on deposit rates, which while still low by historical standards have climbed over the past two years. |
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Supreme Court Defends Gay Rights In what was described at the time as the biggest court ruling for the gay-rights movement in history, the Supreme Court struck down a Colorado constitutional amendment that banned state laws protecting homosexuals from discrimination. In the 6-3 ruling, Justice Anthony Kennedy wrote that the law violated the equal protection clause of the 14th Amendment. |
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