What’s News
Trian to Launch Proxy Fight Against Procter & Gamble
Investor Nelson Peltz plans to launch a fight for a board seat at P&G, in an effort to jolt the consumer-products giant whose sales and profit growth stalled.
Delayed Vote Dims Outlook on GOP Health-Care Bill
A Republican push to pass a sweeping health-care law experienced another setback as Senate leaders said they would delay a vote set for this week. 470
A Fund Goes Bust in the Oil Patch
A $2 billion private-equity fund that borrowed heavily to buy oil and gas wells before energy prices plunged is now worth essentially nothing, a debacle that is wiping out investments by pensions, endowments and charitable foundations. 71
Billionaires Build an Uneasy Hotel Partnership
Bill Gates and Prince al-Waleed bought Four Seasons for $3.8 billion near a market peak, feuded over matters large and small, then made up. After a truce, they have been trying to whip their investment into shape.
New housing development has stalled in Venice Beach in L.A.
In Urban Hot Spots, Housing Growth Stalls
Some of the toughest places to build new housing in the U.S. are older urban, low-rise neighborhoods like Venice, Calif. Brimming with affluent young residents and technology startups, Venice is one of the nation’s hottest neighborhoods, yet it hasn’t gained a single housing unit in 15 years. 60
China Blocks Big Banks From Lending to Dalian Wanda
Chinese regulators have ordered the nation’s big banks to put the brakes on loans to Dalian Wanda Group, the giant property and entertainment company owned by billionaire Wang Jianlin.
Venezuelans Voice Opposition in Symbolic Vote
Millions of Venezuelans at home and abroad voted in an unauthorized referendum staged by government opponents to defy President Nicolás Maduro and his plans to rewrite the country’s constitution.
Competitors From China, Russia Threaten Airbus and Boeing
The nearly two-decade global dominance by Airbus and Boeing of the so-called single-aisle airliner market is threatened by three new competitors from China, Russia and Canada. The sudden competition is unfamiliar for both jet makers, and it adds pressure on them as they face waning demand in other markets. 108
Apes Overthrow Spider-Man Atop Box Office Rankings
Nearly 50 years after Charlton Heston first felt their stinking paws, the “Planet of the Apes” primates have topped the box office yet again.
Magazines Embrace Facebook, Snapchat After Video Blunders
Condé Nast, Time, Hearst and other legacy magazine publishers are redoubling their efforts in online video are now more concerned with distributing their work on platforms like Facebook, YouTube and Snapchat.
Dow Jones Inadvertently Exposed Some Customers’ Information
An error by Dow Jones left addresses and other information about subscribers to some of its products, including The Wall Street Journal, exposed to possible unauthorized access.
European Shares Advance as Commodities Gain
European stocks opened slightly higher despite a steep drop in Chinese markets, as a climb in commodity prices and a record finish on Wall Street proved supportive.
Chef Bobby Flay’s New Offering Will Be on Wall Street
Celebrity chef Bobby Flay said he is planning to offer shares to the public in his Bobby’s Burger Palace, a restaurant chain that competes with such burger-centric concepts as Shake Shack and Five Guys.
Citigroup to Overhaul Prestige Rewards
The bank is revamping some of the benefits on its premium credit card in an effort to sweeten the deal for coveted consumers who are big spenders.
Heard on the Street
Why Earnings Don’t Matter at Netflix
Netflix investors can’t seem to quit their favorite metric for measuring success: net subscriber additions. That could help Netflix stock when it reports second-quarter earnings.
Iran Sentences Princeton Student on Spy Charges
Iran has handed American academic Xiyue Wang a 10-year prison sentence on spying charges, the news agency for Iran’s judiciary said, the latest in a string of such cases against foreigners.
Telegram Aims to Remove Terror-Linked Content
The co-founder of encrypted messaging app Telegram said Sunday that it will put together a team of moderators who are familiar with Indonesia’s language and culture to remove terrorist-linked content after Indonesia’s government limited access to the service and threatened a complete ban.
EU to Sanction Some Syrians Over Chemical Attacks
The European Union is set to target 16 Syrian scientists and military officers in a new round of sanctions against the Assad regime on Monday, seeking to punish those responsible for chemical weapons attacks against civilians.
Pakistan Set to Open Hearings in Sharif Case
Prime Minister Nawaz Sharif faces a fight for his political survival this week, as Pakistan’s Supreme Court considers disqualifying him from office or putting him on trial on corruption charges.
Fishing Ban Angers Minnesota Tourism Industry
Owners of tourism-related businesses protested Minnesota’s ban on fishing for walleye, a popular sport for visitors, by circling the governor’s boat. The state says the temporary restriction is needed to protect the fish’s population.
Flash Flood at Arizona Swimming Hole Kills Nine
The flood hit a popular recreation area, the Cold Springs Swimming Hole in the Tonto National Forest, and one person is still missing.
The Outlook
Trade System Checks Protectionism
President Donald Trump has looked to make protectionism respectable again, but changes in the international economy and the institutions governing trade are acting as constraints on what he can achieve.
‘Herculean’ U.S.-China Trade Deal Gets Less-Than-Heroic Reviews
As the U.S. and China mark the deadline for opening long-restricted markets, affected American firms say Beijing has met the letter of its pledges, but fallen short of the spirit.
Video
‘War for the Planet of the Apes’: The Reinvention of a Classic
3:58
A Divided Turkey Celebrates Failed Coup
2:03
Kit Harington on Who Should Win 'Game of Thrones'
3:21PAID PROGRAM
Photos
Tour de France Leaders Bunch Up at the Top
After 15 stages, the top four in the general classification are within just 29 seconds of each other.
Bookshelf
Unlocking the Airwaves
In regulating radio, the FCC enacted rules nominally in the public interest, but which actually enriched specific interest groups.
Mansion Global
Independent of The Wall Street Journal newsroom.
A Terrorist’s Big Payday, Courtesy of Trudeau
By Peter Kent | Commentary
Republicans Aren’t Team Players
By Fred Barnes | Commentary
La Raza Finally Loses ‘the Race’
By Mike Gonzalez | Commentary
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