* * * * * * THURSDAY, JUNE 4, 2020 ~ VOL. CCLXXV NO. 130 WSJ.com HHHH $4 .00

DJIA 26269.89 À 527.24 2.0% NASDAQ 9682.91 À 0.8% STOXX600 368.92 À 2.5% 10-YR. TREAS. g 25/32 , yield 0.761% OIL $37.29 À $0.48 GOLD $1,697.80 g $27.40 EURO $1.1235 YEN 108.91

FreshChargesBroughtIn FloydKillingEx-officer now facessecond-degreemurder;three former colleaguesaccused of aiding him

Looting Deals a Second BlowSmall businesses, especially in minority neighborhoods, were already reeling from shutdowns

Lenders that target strug-gling borrowers for loans withtriple-digit interest rates haveovercome yearslong efforts torestrict their lending and arepitching their products to con-sumers in need of cash duringthe coronavirus pandemic.

They sidestepped statecrackdowns by joining without-of-state banks to offerloans and now are bypassing adbans put in place by Google,which calls their offerings “dan-gerous financial products,” andFacebook Inc., a Wall StreetJournal investigation found.

The investigation, involving

onto his law-themed podcast inMarch to settle the matteronce and for all. He hoped shewould rule in favor of twospaces, as he had been taughtin high school.

Instead, Ms. Fogarty pre-dicted that placing two spacesafter a period would die out in10 to 20 years.

“I’ll have to decide whetheror not to leave this on the pod-cast, right?” replied Mr. Daiker,

who is 50, on the recording.Two-spacers have fretted

for some time they are losingground to one-spacers wholearned to type in the digitalage. Jennifer Bell, a 19-year-oldstudent from Columbus, Ohio,summed up the counterargu-ment: “It looks ridiculous.”

Putting two spaces after aperiod made sense in the me-chanical age, when the letters

PleaseturntopageA2

Ever since computers dis-placed typewriters, a rift hasgrown between people who puttwo spaces after a period andpeople who put one. DuaneDaiker worries he might be onthe losing side.

Mr. Daiker, a lawyer inTampa, Fla., brought MignonFogarty, author of the bestsell-ing “Grammar Girl” books,

BY JAMES HOOKWAY

The Typographical Space Race Tightens Upi i i

Two-spacers do this after periods. One-spacers do this. Who wins?

LIFE & ARTSAs lockdowns ease,many employees areasking how to safelyreturn to work. A10

JAEC.

HONG/A

SSOCIAT

EDPR

ESS

PHILADELPHIA—The destructioncame in waves.

The first one hit about 4 a.m. on Sun-day, when four people smashed the glassdoor of a clothing store in this predomi-nantly black neighborhood and made offwith armfuls of merchandise. About 12hours later, looters emptied out a cornerpharmacy and set fire to the uniformshop next door. Several more businesseswere victimized in the wee hours ofMonday morning, including a jewelrystore where thieves broke into glasscases and stole about $200,000 of goods.

By the time the roughly 24-hourspree was over, dozens of businesses inthis half-mile stretch of 52nd Street inWest Philadelphia were damaged, in-cluding a day care, a tax-preparationstore and a seller of hijabs.

Buildings were boarded up. Decades ofPleaseturntopageA6

BY SCOTT CALVERT AND RUTH SIMON

CONTENTSBanking & Finance B10Business News.. B3,6Capital Account.... A2Crossword.............. A12Heard on Street. B12Life & Arts......... A9-11

Markets..................... B11Opinion.............. A13-15Sports........................ A12Technology............... B4U.S. News............. A2-6Weather................... A12World News....... A7-8

s 2020 Dow Jones & Company, Inc.All Rights Reserved

>

What’sNews

Minnesota’s attorneygeneral added an upgradedcharge of second-degreemur-der against one former policeofficer and charged three oth-ers in the killing of GeorgeFloyd, whose death sparkednationwide protests. A1 Some of the active-dutytroops awaiting possible de-ployment intoWashington,D.C., were poised to returnhome as administration offi-cials debated whether to in-voke the Insurrection Act.A4 Former defense chiefMattis denounced Trump forexacerbating divisions inAmerican society and saidthat the president has fueledthe current disorder. A4 Virginia’s governor isplanning to announce that thestate will remove the statueof Confederate Gen. RobertE. Lee in Richmond. A4 The Trump administra-tion said it would bar main-land Chinese airlines fromflying to and from the U.S.,citing Beijing’s failure to ap-prove resumption of theseroutes by U.S. carriers. A1 Johnson said Britain isconsidering a route to citi-zenship for nearly threemillion Hong Kong resi-dents, as the U.K. escalatesa standoff with China. A8 Hydroxychloroquinedidn’t prevent people fromcontracting Covid-19 after ex-posure to the coronavirus anybetter than those who got aplacebo, a study found. A3Rosenstein offered law-makers a limited defense ofthe Russia probe he oversawas deputy attorney general,as he came under increasingcriticism fromRepublicans.A3

P ilgrim’s Pride CEOPenn and three other

industry executives wereindicted on charges thatthey conspired to fix priceson chicken sold to restau-rants and grocery stores. A1Payday lenders have side-stepped state crackdowns andad bans to pitch their prod-ucts to consumers in need ofcash during the pandemic.A1Warner Music’s sharesjumped 20% in their tradingdebut, valuing the companyat roughly $15.4 billion. B1 U.S. stocks climbed,with the Dow, S&P 500 andNasdaq gaining 2%, 1.4%and 0.8%, respectively. B11Many U.S. companies cuttheir CEOs’ salaries as thepandemic swept acrossAmer-ican business, but few havechanged equity awards. B1 Former UAW PresidentGary Jones pleaded guiltyto embezzlement of unionfunds and racketeering. B1FedEx is adding surchargesto some U.S. shipments, join-ing UPS in charging more tooffset rising costs and man-age a surge of packages. B1 China’s services activityreturned to strong growthin May, while services inthe U.S. and the rest of theworld improved a little butcontinued to contract. A7The Senate approved abipartisan bill to loosen re-quirements on hundreds ofbillions of dollars in forgiv-able small-business loans. A2 The Fed said it wouldagain broaden the number oflocal governments eligible fora new lending program. B10

Business&Finance

World-Wide

HANNAHYO

ONFO

RTH

EWALL

STRE

ETJO

URN

AL(2)

MINNEAPOLIS—The Minne-sota attorney general added anupgraded charge of second-de-gree murder against one for-mer police officer and chargedthree others on Wednesday inthe killing of George Floyd,whose death last week sparkednationwide protests.

Attorney General Keith Elli-

son added a charge of second-degree murder in addition tothe charge of third-degree mur-der against Derek Chauvin, theformer officer who was arrestedand first charged on Friday. Thethree other former officerswere charged with aiding andabetting second-degree murder.

“Every single link in theprosecutorial chain must bestrong,” said Mr. Ellison, thefirst African-American to winstatewide office in Minnesota.“Winning a conviction will behard.” He said it would bemonths before prosecutors areready to take the case to trial.

As protesters gathered incities across the countryWednesday night, at timesflouting curfews, some cheered

PleaseturntopageA4

By Douglas Belkin,Joshua Jamerson,

Eliza Collinsand Joe Barrett

into effect sooner. The banmarks the latest sign of souringU.S.-China relations that are attheir worst in more than threedecades.

Some U.S. airlines havesought to resume service toChina this month after sus-pending flying there this year,as the coronavirus pandemictook hold.

The U.S. Transportation De-partment, led by Secretary

Elaine Chao, said on Wednes-day that the Civil Aviation Ad-ministration of China hasn’t ap-proved requests by UnitedAirlines Holdings Inc. and DeltaAir Lines Inc. to resume flights.The DOT accused China of vio-lating an agreement that gov-erns air travel between the twocountries.

The agency said it would re-consider its planned ban, if Chi-nese regulators adjust their poli-

cies to allow U.S. carriers toreturn. “Our overriding goal isnot the perpetuation of this situ-ation, but rather an improvedenvironment wherein the carri-ers of both parties will be able toexercise fully their bilateralrights,” the DOT’s order said.“Should the CAAC adjust its poli-

PleaseturntopageA8

The Trump administrationsaid it will bar mainland Chi-nese airlines from flying to andfrom the U.S. starting thismonth, citing Beijing’s failureto approve resumption of theseroutes by U.S. carriers.

The order blocking Chinesecarriers is set to go into effectJune 16 unless revoked. Presi-dent Trump could opt to put it

BY ALISON SIDER AND TED MANN

U.S. Plans to Block Chinese AirlinesIndictmentSays CEOFixed PriceOf Chicken

The chief executive of oneof the country’s biggestchicken producers and threeother industry executives wereindicted Wednesday oncharges they conspired to fixprices on chicken sold to res-taurants and grocery stores,the Justice Department’s firstcharges in a continuing crimi-nal antitrust probe.

Pilgrim’s Pride Corp. CEOJayson Penn and a formercompany vice president, RogerAustin, were charged in theone-count indictment, re-turned by a federal grand juryin Denver. Colorado-based Pil-grim’s, majority-owned byBrazilian meat conglomerateJBS SA, is the nation’s second-largest chicken producer. Alsocharged were the president ofGeorgia-based Claxton PoultryFarms, Mikell Fries, and a vicepresident, Scott Brady.

The indictment, filled withalleged instances of discus-sions about pricing and textmessages about holding theline on bids to customers,charged the executives withcolluding to fix prices and rigbids from 2012 to 2017. Thecharges also referenced otherunnamed executives andchicken suppliers and sug-gested the sharing of pricinginformation extended beyondthe alleged discussions be-tween Pilgrim’s and Claxton.

Neither Pilgrim’s norMessrs. Penn and Austin re-sponded to requests to com-ment. A Claxton spokesmandeclined to comment. Thecompanies have previously de-nied civil allegations of coordi-

PleaseturntopageA6

BY BRENT KENDALLAND JACOB BUNGE

Ife Abubakr’s child-care center, top, reeked of smoke from fires during the looting. MasumSiddiquee, above, lost $200,000 worth of goods from his MN Fashion and Jewelry.

NBA Is Set to Restart Season

The regular season would resume without fans present July 31 inOrlando, Fla., under a plan expected to be adopted Thursday. A12

INSIDE

Payday Lenders SidestepAd Bans, State Restrictions

hundreds of online searches,shows that the lenders aremarketing loans that typicallycarry annual percentage ratesof around 200% to 500% toconsumers looking online forfinancial help amid the biggestwave of job losses in U.S. his-tory. Google and Facebook re-moved several ads and saidthey blocked the companies’

PleaseturntopageA5

By Coulter Jones,Jean Eagleshamand AnnaMaria

Andriotis

RINGO

CHIU/ZUMAPR

ESS

New police shooting roilsLouisville......................................... A4

Mattis criticizes Trump fordivisions........................................ A4

Black professionals facetensions over protests......... A5

Greg Ip: Twin crises blunt economic gainsby African-Americans...................................... A2

Shutdown of Tiananmen vigilraises alarm................................ A8

P2JW156000-6-A00100-17FFFF5178F