BEIRUT: ANWAR AMRO/AFP/GETTY IMAGES. PELOSI: TOM WILLIAMS/CQ-ROLL CALL/GETTY IMAGES. JUAN CARLOS: CARLOS ALVAREZ/GETTY IMAGES4
◼INBRIEF
● Trump
threatened to
ban Chinese
social media
app TikTok.
● Globalcoronavirus
casestopped18.6m
anddeathspassed
702,000.PresidentTrump
saidhethinksa vaccine
maybereadybefore
yearend,withmorethan
a half-dozenprominent
companiesandresearchers
racingtodevelopone.● HongKong
delayed
September’s
Legislative
Councilelection
fora year,blaming
a recentsurgein
Covid-19cases.● A federal
appellatecourt,
citingpossible
jurorbias,tossed
outDzhokhar
Tsarnaev’sdeath
sentenceon
July31.● JuanCarlosI, Spain’s
formerking,saidhe
planstoleavethe
countryheruled
foralmostfourdecades.
Theonce-popularmonarch
abdicatedin favorofhisson,
Felipe,in 2014,afterhelping
restoreSpanishdemocracy.
JuanCarlos,whosawhis
reputationtarnishedby
scandalsin recentyears,
didn’tsaywhenhewould
leaveorwherehisexile
wouldtakehim.●Argentinaanditslargest
creditors,whichinclude
investmentcompanies
Ashmore,BlackRock,and
Fidelity,strucka dealto
restructure$65b
ofdebt.Theaccordsets
thestageforthecountry
toemergefromitsthird
defaultsincetheturnof
thecentury.● Frenchlender
Natixisreplaced
CEOFrançois
Riahibecause
of“strategic
differences.”● Seven& i, theJapanese
operatorofthe7-Eleven
franchise,agreedtobuy
MarathonPetroleum’sgas
stationbusinessfor$21b
Thedealgivestheworld’s
largestconveniencestore
operator3,900Speedway
outletsanda presence
in 47ofthetop 50 U.S.
metropolitanmarkets.●“Right
now,today,
wehavean
emergency.
Abuilding
isonfire,
andtheyare
deciding
howmuch
waterthey
wantto
haveinthe
bucket.”
HouseSpeakerNancyPelosisought
a compromisewithRepublicansto
pushthrougha newpandemicrelief
package,includinganextensionof
thesupplementalunemployment
insurancethathasexpired.BloombergBusinessweek By Benedikt Kammel● A devastating blast in Beirut on Aug. 4 killed more than 100 people and injured
thousands. The explosion, which has yet to be explained, destroyed the city’s only
wheat silo. Now, in addition to the pandemic, Lebanon faces food shortages.He’s given the company until Sept.
to strike a deal with Microsoft or
another U.S. entity about its American
operations. Critics of the app say
TikTok, with an estimated 100 million
U.S. users, poses a national security
threat—a charge parent ByteDance
denies. Trump added that the U.S.
Treasury should get a slice of any sale.The move outraged pro-democracy
advocates, who accuse Hong Kong
Chief Executive Carrie Lam and
China’s central government of trying
to stamp out dissent.Tsarnaev was convicted in the Boston
Marathon bombings, which killed three
people and injured more than 260 at
the race’s finish line on April 15, 2013.Crosstown rival Société Générale also
culled deputy CEO Séverin Cabannes
and retail banking head Philippe Heim
after reporting its worst quarterly loss
in more than a decade.