The End of the Special Relationship? REVIEW W TheNewStyleIcons THE WALL STREE S T JOURNALJ WEEKEND OFF DUTY * * * * * * * * SATURDAY/SUNDAY, JULY 20 - 21, 2019 ~ VOL. CCLXXIV NO. 17 HHHH $5.00 Skyrocketing Temperatures Send Nation in Search of Relief Fed Set What’s News To Lower World-Wide Rates by Iranianforcesseizeda British-flagged oil tanker Quarter in the Strait of Hormuz, as mounting tensions between Tehran and the West risked Point further disruption in the stra- tegically vital waterway. A1 BY NICK TIMIRAOS Many big drugmakers and distributors failed to im- Federal Reserve officials plement basic systems to halt signaled they are ready to suspicious drug orders as the lower interest rates by a quar- opioid crisis came into focus, ter-percentage point later this plaintiffs’ lawyers alleged. A2 month, while indicating the The White House and potential for additional reduc- Pelosi continued talks over tions, despite the recent surge how to pay for a deal to in market expectations of a raise overall spending limits half-point cut. GES and lift the debt ceiling. A6 Officials aren’t prepared for IMA bolder action now, according About 3,100 federal in- to the officials’ recent public GETTY mates were due to be released statements and interviews, as starting Friday as part of a they weigh concerns about a OLSON/ criminal-justice overhaul TT slowdown in global growth, an O signed into law last year. A3 SC increase in trade-policy uncer- The administration can PLAY IT COOL: Children frolicked in Chicago Friday as temperatures were forecast to hit the mid to high 90s with a heat index of tainty and a pullback in infla-continue to move ahead with around 115 degrees. A heat wave across the country is expected to bring not only record highs but record-high low temperatures. A3 tion. its expansion of certain health The larger cut appears un- plans that don’t comply with likely for now because officials the ACA, a judge ruled. A6 have said recent economic de- velopments haven’t signaled Trump’s pick for labor an imminent downturn. secretary, Eugene Scalia, has Please turn to page A2 an established record of pur- suing limits on government Iran Seizes British Oil Tanker regulation of business. A6 The suspect in the arson attack in Japan was injured in the fire and unconscious, As Conflict With West Widens FedOdds Traders are betting the Fed will reduce rates this month, but they disagree on the size of the cut. delaying the quest for an- 0.50 percentage-point cut swers about the incident. A10 BY ARESU EQBALI later freed, its U.K. managers nomic sanctions against Iran in high-level government officials 0.25 percentage-point cut AND BENOIT FAUCON and a British shipping official an effort to force Tehran to ne- about how to respond. He said 100% Events were set nation- said. gotiate new limits on its nuclear the government “wasn’t look- wide for the 50th anniversary TEHRAN, Iran—Iranian Friday’s developments came program and military activities. ing at military options” but, 80 of the first moon landing. A4 forces seized a British-flagged hours after a court in the British Even as Washington and rather, diplomacy. oil tanker in the Strait of Hor- territory of Gibraltar extended Tehran both insist they don’t An Iranian maritime official 60 Business & Finance muz, as mounting tensions be- the detention of an Iranian oil want a war, recent incidents told Iran’s Fars news agency 40 tween Tehran and the West tanker seized earlier this month have raised fears of a miscal- that the Islamic Revolutionary risked further disruption of by British authorities who said culation that could lead to a Guard Corps seized the British 20 Fed officials signaled commercial shipping in the it was breaching European sanc- wider armed conflict in the tanker Stena Impero on Friday they are ready to lower in- strategically vital waterway. tions on Syria. Iran had threat- Middle East. after it collided with a fishing 0 terest rates by a quarter- A second vessel, this one ened retaliat

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