The Wall Street Journal du 10-08-2022
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Date de parution 10 août 2022
Langue Français
Poids de l'ouvrage 40 Mo

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Global technology investor
SoftBank Group Corp. reported
CIATED PRESS
SOa record quarterly loss of more
AS
S/than $23 billion after an
investEWment spree that Chief
Executive Masayoshi Son described
Y N
IL
DAas delirious turned sour.
The results for the three
months through June brought a
mea culpa from Mr. Son, who
spread unprecedented levels of
funding on startups across the
world over the past
half-decade, particularly just as prices
MON HIGGINS/PALM BEACH
DAcrested last year.
Secret Service agents stand at the gate of Mar-a-Lago after FBI agents searched the home of former President Donald Trump.“When we were turning out
big profits, I became
somewhat delirious, and looking
FBI Searches Trump’s Home
back at myself now, I am quite
embarrassed and remorseful,”
he said at a news conference
on Monday.
The company said its
In Probe of Classified Recordsmore than $50 billion of gains
startup investment arm, the
Vision Fund unit, has erased
from its peak, leaving
SoftWASHINGTON—FBI agentseral Bureau of Investigationmorning and lasted until theauthorized location. The penal-Bank reporting a slight gain
searched former Presidentagents were at his home.evening, according to a personties for breaking other laws re-just above its cost. Losses
Donald Trump’s Mar-a-Lago“Nothing like this has everfamiliar with the matter.lated to the removal of officialwere spread across its vast
home in Palm Beach, Fla., onhappened to a president of theLegal historians said theyrecords also include disqualifi-portfolio, one that includes
Monday, which people familiarUnited States before,” he saidcouldn't remember a case incation from holding federal of-more than 300 companies
inin the statement. “After work-recent history in which the FBIfice—including the presidency.cluding investments in Didi
ByAlex Leary,ing and cooperating with theInc., financial-tech com-searched the home of a formerHouse Minority Leader Global
Sadie Gurmanpany Klarna Bank AB and real-Kevin McCarthy (R., Calif.)president. The search markedrelevant government agencies,
andAruna Viswanathaestate brokerage Compass Inc.warned that Attorney Generalan escalation of the Justice De-this unannounced raid on my
home was not necessary orpartment’s investigation intoMerrick Garland could expectThe stock downturn of
rewith the matter said was partappropriate.” aspectsof Mr. Trump’s finalan investigation into the actioncent months has inflicted
parof an investigation into Mr.“They even broke into mydays in office and is expectedshould the GOP seize control ofticular pain on unprofitable
Trump’s handling of classifiedsafe!” wrote Mr. Trump, a Re-to ripple through the run-up tothe House in November’s mid-tech companies with fast
reveinformation. publicanwho has repeatedlyNovember’s midterm elections.term election.Please turn to page A4
The search was made publicsuggested he will run for pres-Officials can face up to fiveMany Democrats have been
in a statement released by Mr.ident again in 2024.years in prison for removingurging Mr. Garland to be more Heard on the Street: SoftBank
Trump, in which he said Fed-The search began Mondayclassified materials to an un-Please turn to page A4needs a vision check............ B12
Historian McCullough Dies at 89
Gender
Hackers Hit Taiwan
Pay Gap
Amid China Drills
StartsChina said it was extendingthe island, with new footage
its military exercises aroundreleased on its social-media
EarlySpeaker Nancy Pelosi’s visitand jet fighters involved in a
Taiwan following Houseaccount showing naval ships
last week, while Taiwan’s mil-joint exercise.
Broad new data on wagesitary on Monday accused Bei-In addition to its more
visiearned by college graduatesjing of carrying on sustainedble military maneuvers,
Taiwho received federal studentcyberattacks against the is-wanese Lt. Gen. Lu
Chienaid showed a pay gap emergingMAGlEaSchung told a news conferencend that rendered key
govY I
between men and women soonernment-run websites inac-Monday, “the Chinese
Commuafter they joined the workforce,cessible. nistParty didn’t go easy on
SE/GETT
even among those receiving thethe internet,” accusing Beijing
same degree from the sameByJoyu Wangin Taipeiof continuing a campaign
school.andNewley Purnellaimed at crippling key
TaiEPHEN RO
in Hong Kongwanese websites.
ST
ByMelissa Korn,Bestselling author and historian David McCullough, shown inPresident Biden, when
Lauren Weber2002, died on Sunday at age 89. His biographies of presidentsasked if he was worried aboutChina’s military, the
PeoandAndrea FullerHarry Truman and John Adams won Pulitzer Prizes. A3ple’s Liberation Army, saidChina’s response to Mrs.
Monday that it would con-Pelosi’s visit, said Monday:
The data, which cover abouttinue with exercises for an un-“I’m not worried, but I’m
con1.7 million graduates, showedspecified period after wrap-cerned that they’re moving as
that median pay for men ex-ping up four days ofmuch as they are. But I don’t
ceeded that for women threemaneuvers between Thursdaythink they’re going to do
anyyears after graduation in nearlySecondhand Yoga Pants? Shoppersthing more.”and Sunday, which
demon75% of roughly 11,300 under-strated its ability to effec-On Sunday, two
administragraduate and graduate degreeAre Overcoming the ‘Ick Factor’tive websites at National Tai-tively blockade the island.
programs at some 2,000 univer-i i iwan University, the island’sThe PLA’s Eastern Theater
sities. In almost half of the pro-Command, which oversees op-top educational institution,
grams, male graduates’ medianPeople buy used items once shunned;erations closest to Taiwan,were hacked and defaced with
earnings topped women’s bysaid Monday’s drills focuseda banner reading: “There is
10% or more, a Wall Streeta bargain to one is a grossout to othersonly one China in the world,”on joint anti-submarine and
Journal analysis of data fromsea-assault operations aroundPlease turn to page A7
2015 and 2016 graduates
showed.BYSUZANNEKAPNERand president of Fashionphile
At Georgetown University,LLC, a marketplace for
previINSIDE
men who received undergradu-A selection of Lululemonously owned luxury shoes,
ate accounting degrees earned aAthletica Inc.’s coveted leg-handbags, jewelry and
accesmedian $155,000 three years af-gings is available at a big dis-sories.
ter graduation, a 55% premiumcount, but there is a catch.Shoes have a high ick factor,
over their female classmates,Someone has sweated in them.leading to elevated returns by
the analysis showed.Workout gear, swimsuits,buyers who initially thought
Men who completed law de-bras and other items once ta-they were OK with walking in
grees from the University ofboo for the secondhand rackssomeone else’s,Ms. Davis
Michigan earned a mediannow are widely available, assaid.
$165,000 three years after grad-shoppers get more comfort-Fashionphile stopped
offeruation, compared with $120,000able with wearing what some-ing used shoes for a while but
for women.one else once did.has sidestepped the
probOBE/GETTY IMAGES
ST
And men who graduatedNot everyone’slem. It carries only
with a dental degree from thetolerance is thethe most gentlyMIKE
University of Texas Health Sci-same. One person’sworn ones—no toe
Just as
ence Center at San Antoniogreat find is another’sgood asmarks or scuffs—JASON GAYU.S. NEWS
earned a median $140,000 threegrossout.newand hand-cleans
A tormented franchiseCovid vaccination rates
years out, compared with“We call it the “ickthem with
shamsoars over Atlanta andfor toddlers remain
$103,000 for women who gotfactor,” as in how muchpoo, baby wipes and
takes command of thelow despite CDC
the same degree there.“ick” does a particu-antibacterial spray.
The data, compiled by thelar item have?” saidPlease turn toNL East.A12recommendation.A3
Please turn to page A8Sarah Davis, founderpage A8

oftBank reporteda
reS
cord quarterly loss of
more than $23 billion after
an investment spree that
CEO Son described as
delirious turned sour.A1
The Treasury imposed
sanctions on
cryptocurrency platform Tornado
Cash, accusing it of
laundering billions of dollars
in virtual currency.A2
Tyson Foods
saidconsumers are choosing to buy
chicken and cheaper cuts of
beef, a sign shoppers are
becoming more
cost-conscious as food prices rise.B1
Novavax slashedits
fullyear revenue outlook, citing a
lack of demand for its Covid-19
vaccine from Covax and
delays in winning expanded
authorizations in the U.S.B1
The S&P 500 andNasdaq
both ended Monday’s session
down 0.1%, while the Dow
industrials gained 0.1%.B11
Axios agreedto be
acquired by Cox Enterprises in
a deal that people familiar
with the matter said values
Axios at $525 million.B1
American Airlines is set
to be the first customer to
receive a new 787
Dreamliner, as the FAA cleared the
way for Boeing to resume
deliveries of the jets.B3
Pfizer agreedto buy
Global Blood Therapeutics
for $5.4 billion, a deal that
would give the big
drugmaker a foothold in the
treatment of sickle-cell disease.B3
FTC memberNoah
Phillips plans to resign by this
fall, a move that would create
a vacancy for a Republican
on the five-member panel.A3
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SoftBank
Loses $23
Billion on
‘Delirious’
Investing
CEO Son blames self
for buying spree on
technology startups
over past half-decade

BYMEGUMIFUJIKAWA
ANDELIOTBROWN

>

FBI agents searched
Trump’s Mar-a-Lago home in
Palm Beach, Fla., on Monday,
which people familiar with
the matter said was part of
an investigation into the
former president’s han

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