1、*FRIDAY,MARCH 4,2022 VOL.CCLXXIX NO.51WSJ.comHHHH$5.00DJIA33794.66g96.69 0.3%NASDAQ13537.94g1.6%STOXX600437.36g2.0%10-YR.TREAS.6/32,y i eld 1.843%OIL$107.67g$2.93GOLD$1,934.40$13.50EURO$1.1066YEN115.47Russia Escalates Ukraine AssaultShelling strikes nuclearplant as Kremlin stepsup attacks on targets
2、in southern regionBYJAMESMARSONMembersoftheSacklerfamilywhoownPurduePharma LP and grew wealthyfrom sales of OxyContin agreedto pay up to$6 billion to settlelawsuitsaccusingthemofhelping fuel the opioid-addic-tionepidemic,earningtheunanimous support of state at-torneys general to resolve thefamily s
3、liability and end thedrugmaker s bankruptcy case.The new settlement unveiledThursday marks an increaseSPORTSKentucky Coach JohnCaliparipivotswithupperclassmenprimedforMarch Madness.A16BUSINESS&FINANCEMusk says Tesla isopen to the UAWholding a vote aboutorganizing labor.B1USA TODAY SPORTSNEWSCOM/ZUMA
4、 PRESSA residential building shown Thursday in Borodyanka,Ukraine,in the Kyiv region was destroyed by Russian shelling.Machine-gun fire tore pastAnatoliy Kharchenko and cutdown several fellow Ukrainianparatroopers as they foughttheir way through the darknesstoward Hostomel Airport.The crack Ukrainia
5、n unit wastrying to thwart Vladimir Pu-tin s plan for a rapid takeover ofKyiv some 20 miles away.Buttheir mission was going badly.Elite Russian airborne troopshad landed in helicopters hoursearlier on the first day of Rus-sia s war against Ukraine.If theyIn the months leading up toXi Jinping making
6、commoncause with Russian PresidentVladimir Putin,the Chineseleader was focused on onecountry,and it wasn t Ukraine.His ambitions for alignmentwith Mr.Putin had one mainpurpose:presenting a unitedfront against the U.S.The re-sult,according to Chinese offi-cials,foreign-policy advisersto Beijing and a
7、n analysis ofRefugee ExodusTopsaMi l l i onIn Fi rstWeekKYIV,UkraineMoscowdeepened its military offensivein southern Ukraine on Thurs-day,penetrating the city ofKherson and pushing towardZaporizhzhia before Ukrainianssaid Russian forces shelled alargenuclearpowerplant,prompting concern from the in-t
8、ernational community aboutthe risk of nuclear disaster.Russian and Ukrainian nego-tiators agreed to establish“hu-manitarian corridors”to allowcivilians to leave besieged cities.Negotiators,however,failed toreach any agreement on anoverall cease-fire,and PresidentVladimir Putin of Russia sig-naled th
9、at he is determined tocontinue the war.Kyiv told the United NationsInternational Atomic EnergyAgency that a fire that brokeout at the Zaporizhzhia nuclearpower facility,the largest inEurope,didn t affect essentialequipment,the agency said.The report lessened initial con-cerns that the shelling damag
10、eda reactor.But Ukrainian President Vo-lodymyr Zelensky said in avideo posted on social mediathat Russia s actions show that“Europe needs to wake up.”“Only immediate action canstop the Russian troops.Do notlet Europe die in the nuclear ca-tastrophe,”he said,according toa translation posted online by
11、Ukraine s U.S.embassy.He ac-cused Russia of“nuclear terror.”Mr.ZelenskyspokewithPresident Biden about the inci-dent at the nuclear plant.Fol-lowing the call,which occurredlate Thursday night Washingtontime,Mr.Biden urged Russia to“cease its military activities inthe area and allow firefightersand em
12、ergency responders toPleaseturntopageA9By Yaroslav Trofimov,Stacy Meichtryand Andrew RestucciaMEDYKA,PolandWithindays of Russia s invasion ofUkraine,the line of cars carry-ing people fleeing to the coun-try s border with Poland was55 miles long.In wet snow and cold rain,mothersbeganabandoningtheir c
13、ars to walk for hours,prodding exhausted childrenas they dragged their strollersand suitcases along the road.Near them,jam-packed se-dans running low on gas inchedup to a modest checkpoint thatordinarily serves a half-dozenpeople at a time,often day-trippers crossing into the duty-free zone to buy c
14、igarettes.Inside the checkpoint,twoUkrainian immigration officershave been frantically trying tokeep up with one of the fastestexoduses from any country inmodern history.In a week since the war withRussia began,more than onemillionrefugeeshaveleftUkraine,the United Nations ref-ugee agency said.Most
15、headedwest into Poland,Hungary,Slo-vakia,Romania and Moldova.At the current pace,by theweekend,more asylum seekerswill have entered the EuropeanUnion in a matter of days thanin all of 2015,when 1.3 millionpeople crossed from the Mid-dle East and Africa into thebloc.That would make thePleaseturntopag
16、eA10BYDREWHINSHAWANDNATALIAOJEWSKA200mi les200kmKyivRUSSIARUSSIAUKRAINEUKRAINEBELARUSBELARUSPOLANDPOLANDROMANIAROMANIAHUNGARYHUNGARYSLOVAKIASLOVAKIAMOLDOVAMOLDOVABlackSeaBlackSeaBalticSeaBalticSea97,827547,98279,05951,26137447,800*133,009Ukrainianarrivalsinborderingcountries*Anaddi ti o n al 96,000p
17、eo ple mo v ed toRussi a fr o m th e Do n etsk an d Luh an sk r egi o n s F eb.1823.No te:Appr o xi mate figur es as o f Mar c h2.Anaddi ti o n al 88,147 peo ple h av e c r o ssed too th erEur o peanc o un tr i es.So ur c e:UNHCR c o mpi lati o no f go v er n men t r epo r tsAirport Battle DeniedMos
18、cowQuick Victorycould hold the airfield,Russiawould be able to fly in hundredsof soldiers and move rapidly toseize the Ukrainian capital,partof Mr.Putin s plan to force aquick capitulation.The Russians,protected by aconcrete barrier topped withbarbed wire,were directingwithering fire at Lt.Kharch-en
19、ko s unit.Another Ukrainianforce speeding to join the fightwas delayed.The paratroopers pressed on.“We knew what was at stake,”Lt.Kharchenko said.PleaseturntopageA8public statements,was theFeb.4 China-Russia declara-tion that the countriesfriend-ship had“no limits.”Russia s subsequent inva-sion of i
20、ts neighbor is forcingBeijing into adjusting its for-eign policy in a way that risksdamaging relations with theU.S.-led West and undoingyears of efforts to paint itselfas a responsible world leader.In Beijing,the ripple effectsof a move that may cost Chinadearly are now sinking in,saythe officials a
21、nd advisers.Someofficials say they are fearful ofthe consequences of getting soclose to Russia at the expenseof other relationshipsespe-cially when Russian aggressionagainst Ukraine is isolatingMoscow in much of the world.Already,many politiciansfrom Washington to Brusselshave grouped Beijing togeth
22、erwith Moscow as a new“axis”a term giving Western alliancesmore reason to disengage fromPleaseturntopageA12BYLINGLINGWEIPuti n Rel ati onshi p Gi vesChi naSecond ThoughtsRussia s richest men are onthe run amid a global dragnetWesterngovernmentshavecast to ensnare their yachts,villas,jets and bank ac
23、counts.In recent days,French au-thorities detained a handful ofships subject to new sanctions,including a 280-foot yacht,theAmore Vero,“True Love”in Ital-sia.They swooped in during thenight as the vessel was makingwhat they described as prepara-tions to leave port in a hurry.Mikhail Fridman,a former
24、Russian banker who wound upon the European Union s sanc-tions list,was locked out thisweek of the private-equity fundhe co-founded.Luxembourg-based LetterOne Holdings SAfroze his stake and is holdingback dividends and prohibitinghim from contacting anyone atthe fund.Alexey Mordashov,the largest shar
25、eholder of Ger-man tourism group TUI AG,and one of Russia s wealthiestpeople,resigned from its su-pervisory board after being puton the EU s list.The sanctions on individu-als are one part of a multi-front effort to hit Moscow ec-onomically after Mr.Putin sinvasion of Ukraine.Westerncapitals sanctio
26、ned banks andcompanies,and targeted Rus-sia s central bank.PleaseturntopageA10ian.They said it is owned byIgor Sechin,the sanctioned chiefexecutive of Russian oil pro-ducer Rosneft and close ally ofPresident Vladimir Putin of Rus-By Nick Kostov,Alistair MacDonaldand Betsy McKayA Gl obalHuntforRussi
27、an Ol i garchs YachtsBegi nsArms from abroad bolsterKyi v forcesA8Western compani es offerassi stance to Ukrai neA11Auto makerssupply woesare worseni ngA11Tradi ng i n Russi an bondsdefrosts a bi tA12Stocks retreat,andcrude settles lowerB1INSIDEfrom the$4.5 billion previouslyoffered by the Sacklers,
28、whosewealth has been estimated atabout$11 billion.For the firsttime,the proposed deal has thesupport of a key group of stateattorneys general who had op-posed Purdue s earlier effortsto resolve opioid-related liabil-ity,saying the Sacklers weren tpaying enough to fight opioidaddiction and deter corp
29、oratewrongdoing.The dispute between thefamily and California,Connect-icut,the District of Columbiaand other states has kept Pur-due stuck in bankruptcy andhas delayed the distribution ofbillions of dollars from theSacklers to fund opioid abate-ment programs and combat anational addiction crisis that
30、the company s flagship pain-killer helped to fuel.The family didn t admit lia-bility in the new settlement butagreed to pay a minimum of$5.5 billion and a maximum of$6 billion while ceding controlof Purdue,which pleaded guiltyPleaseturntopageA2BYJONATHANRANDLESSackl ersSettl e Opi oi dSui tsfor$6 Bi
31、 l l i onCONTENTSArts in Review.A14-15Business News.B3Crossword.A15Equities.B7Heard on Street.B10Mansion.M1-14Markets.B9Opinion.A17-19Sports.A16Technol ogy.B4U.S.News.A2-4,6Weather.A15Worl d News.A8-13s 2022 Dow Jones&Company,Inc.All Rights ReservedWhatsNews Moscow deepened itsmilitary offensive in
32、south-ern Ukraine,penetrating thecity of Kherson and push-ing toward Zaporizhzhiabefore Ukrainians said Rus-sian forces shelled a largenuclearpowerplant,prompt-ing concern from the inter-national community aboutthe risk of nuclear disaster.Russian and Ukrainian ne-gotiators agreed to establish“human
33、itarian corridors”to allow civilians to leavebesieged cities.A1,A8-12 The U.S.and Iran wereclosing in on an agreementto restore the 2015 nucleardeal,although officials fromboth countries warned thatfinal issues still needed tobe nailed down.A13 The Supreme Courtblocked Guantanamo de-tainee Abu Zubay
34、dah s re-quest to obtain evidencefrom former CIA contractorswho allegedly tortured himata“blacksite”inPoland.A3TheJan.6panelhassub-poenaed records and testi-mony from Kimberly Guil-foyle,a top fundraisingofficial on the 2020 Trumpcampaign and the fianceof Donald Trump Jr.A4AKentuckyjuryacquittedform
35、er Louisville police de-tective Brett Hankison onthree counts of wanton en-dangermentrelatedtoa2020raid during which BreonnaTaylor was fatally shot.A3TheIRSswatchdogisex-amininghowtheagencyguardsagainstfavoringlargebusinessesandglobalcom-paniesincompliancemattersaspartofabroadaudit.A4Sackler family
36、memberswho own Purdue Pharmaagreed to pay up to$6 bil-lion to settle lawsuits accus-ing them of helping fuel theopioid crisis,earning theunanimous support of stateattorneys general to resolvethe family s liability and endPurdue s bankruptcy case.A1The freeze that Westernsanctions put on Russianbond
37、markets is startingto thaw despite the loom-ing risk of the country sfirst potential default inmore than two decades.A12TheFedsPowellsaidthatRussia s invasion of Ukrainewaslikelytopushupinfla-tion,asetbacktothecentralbank sexpectationsthatpricepressureswoulddimin-ishinthecomingmonths.A2 U.S.stocks f
38、ell,with theS&P 500,Dow and Nasdaqretreating 0.5%,0.3%and1.6%,respectively.U.S.crude-oil prices settledlower at$107.67 a barrel.B1A Tokyo judge lashed outat fugitive car executiveGhosn,calling him a greedyandmaliciouscriminal.Ghosnsaid the statements provedwhy he couldn t have re-ceivedafairtrialinJ
39、apan.B1 Teslas Musk said hewas open to the UAW hold-ing a vote about organizinglabor at the company,afterlongresistingsuchamove.B1Amazon has given theFTCafast-approachingdead-lineto deliver a verdict onits proposed MGM deal.B2 Rivian is walking back aprice increase for its electrictrucksandSUVsthatw
40、asputintoeffectearlierthisweek.B4Business&FinanceWorld-WideMAKSIM LEVIN/REUTERS.A2|Friday,March 4,2022*THE WALL STREET JOURNAL.Source:Labor Department v i a th e St.Loui sF edNote:Seas onal l yad j us tedNewfilingsforjoblessbenefitsWeekendedFeb.26215,0008 0 0,0 0 002 0 0,0 0 04 0 0,0 0 06 0 0,0 0 0J
41、an.2 0 2 1JulyJan.2 2THE WALL STREET JOURNAL(USPS 664-880)(Eastern Edi ti on I SSN 0099-9660)(CentralEdi ti on I SSN 1092-0935)(Western Edi ti on I SSN 0193-2241)Edi tori aland publ i cati on headquarters:1211Avenue of the Americas,New York,N.Y.10036Published daily except Sundays and general legal h
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45、I PSU.S.WATCHTarget Corp.has nearly2,000 stores and its distribu-tion strategy has been in placesince 2017.In some editionsThursday,a Technology articleincorrectly said it had morethan 2,000 stores and the com-pany undertook its distributionstrategy during the pandemic.The surname of JeremyUecker,a
46、Baylor University soci-ologist,was misspelled as Eu-cker in a Review section articleSaturday about faith on campus.Notice to readersSome Wall Street Journalstaff members are working re-motely during the pandemic.Please send reader commentsonly by email or phone,usingthe contacts below,not viaU.S.Mai
47、l.Readers can alert The Wall Street Journal to any errors in news articles byemailing or by calling 888-410-2667.CORRECTIONS AMPLIFICATIONSU.S.NEWSof anticipated policy actionwhen he said he would pro-poseaquarter-percentage-point interest-rate increase atthe central bank s meeting intwo weeks amid
48、high inflation,strong economic demand anda tight labor market.Consumer prices in Januaryrose 6.1%from a year earlier,according to the Fed s pre-ferred gauge.Excluding vola-tile food and energy catego-ries,so-called core inflationrose 5.2%,close to a 40-yearhigh.OnThursday,Sen.PatToomey(R.,Pa.),the t
49、op Re-publican on the banking panel,told Mr.Powell that he wasconcerned that the war inUkraine would drive inflationhigher.“I fully acknowledgenobody knows how this is go-ing to play out,but I think it sfair to say that this war haschanged the risk profile a littlebit with respect to inflation,”he s
50、aid.Mr.Powell concurred.Herepeated his view that beforeRussia s invasion of Ukrainelast week,he expected thecentral bank would raise ratesby a quarter point at its March15-16 meeting and to followthat initial rate rise with a se-ries of increases this year.“I do think it s going to beappropriate for
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