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The catastrophic fire at Notre-Dame Cathedral in Paris yesterday badly damaged the 850-year-old building, but some of France’s richest moguls are stepping up to pay for repairs.
Around 500 firefighters battled the blaze for nearly five hours, Adam Nossiter and Aurelian Breeden of the NYT write. By 11 p.m. Paris time, the structure had been “saved and preserved as a whole,” the city’s fire chief, Jean-Claude Gallet, said. But two-thirds of the roof was destroyed and the main spire collapsed. So far, it’s unclear both how the fire started and how much survives of the interior, but nobody was killed or injured, officials said.
“We will rebuild Notre-Dame,” President Emmanuel Macron said last night. “Because that is what the French expect.”
So far 300 million euros, or 9 million, have been pledged for rebuilding, Bloomberg reports:
• François-Henri Pinault, the C.E.O. of the luxury goods conglomerate Kering, and his father, François Pinault, will donate €100 million from their investment company, Artemis.
• The Arnault family, which runs the rival luxury goods conglomerate LVMH, responded with a pledge of €200 million, plus its architectural and design resources.
If you want to donate, Fast Company explains three ways.
More: An algorithmic error by YouTube served up information about the Sept. 11 attacks alongside live video of the fire.
Today’s DealBook Briefing was written by Andrew Ross Sorkin in New York, and Michael J. de la Merced and Jamie Condliffe in London.
Two House committees demanded documents about President Trump’s finances from Deutsche Bank, his longtime lender, yesterday.
It’s the latest effort to gain insight into Mr. Trump’s financial records, as the president resists demands for access to his tax returns and other documents.
Lawmakers also subpoenaed records from JPMorgan Chase, Bank of America and Citigroup related to potential money-laundering in Russia and Eastern Europe, the NYT reports.
“The potential use of the U.S. financial system for illicit purposes is a very serious concern,” Representative Maxine Waters, the chairwoman of the House Financial Services Committee, said in a statement.
Deutsche Bank says it’s cooperating. “We remain committed to providing appropriate information to all authorized investigations in a manner consistent with our legal obligations,” a spokeswoman for the firm said.
But the Trump Organization condemned the moves. Eric Trump, one of Mr. Trump’s sons, called the subpoenas “an unprecedented abuse of power.” A lawyer for the company said it was considering options for preventing Deutsche Bank from complying.
More: Two Pulitzer Prizes were awarded yesterday to reports investigating Mr. Trump’s finances. The NYT won for its investigation into how the Trump family avoided paying a half-billion dollars in taxes, while the WSJ was recognized for revealing hush-money payments made to two women who claimed to have had affairs with Mr. Trump.
This year promises to be one of the biggest for public offerings in recent memory. And that’s created a scheduling problem, Erin Griffith and Michael de la Merced of the NYT report.
If all the big tech I.P.O. candidates went to market, they could issue over 0 billion in new stock, according to Renaissance Capital. At the peak of the dot-com era, in 2000, the figure was billion.
I.P.O.s are already running into each other. Pinterest wanted to go public before Good Friday — and wound up scheduling its offering on Thursday, the day also chosen by the video conferencing company Zoom. Uber ensured that there were at least 30 days between Lyft’s prospectus filing and its own.
“I do think there’s going to be some potential indigestion,” Kathleen Smith of Renaissance Capital told the NYT. Barrett Daniels of Deloitte added, “There could end up being I.P.O. fatigue because it is going to be overwhelming.”
Uber is a special concern. Its offering is expected to to be the biggest in years, raising billion — which bankers working on rival offerings fear will suck the air out of the markets that week. They’re giving it a wide berth.
Perfect timing could be important, because some bankers worry that a single bad debut could taint the batch. Lyft’s shares popped straight after their I.P.O., but two weeks later they’re down 22 percent. We’ll see if that is destined to hurt other unicorns when Pinterest goes public this week.
France and Belgium refused to support a new round of trade negotiations between the European Union and the U.S. yesterday, suggesting a bumpy road ahead for those discussions.
It’s a striking break in European unity. Trade measures normally pass unanimously. The European Commission had initially proposed a new round of trade talks in January.
French and Belgian officials cited climate change, and specifically the U.S. withdrawal from the Paris climate accord, as an objection.
But the talks are expected to proceed anyway, with a focus on eliminating tariffs for industrial goods, excluding agricultural products, and making it easier for U.S. and E.U. companies to meet the other side’s technical requirements.
Expect agriculture to be a point of contention. Congress and Mr. Trump both say it has to be addressed; but Cecilia Malmstrom, the E.U.’s chief negotiator, has called it “a red line for Europe.”
U.S. companies are disclosing the pay ratio between bosses and median workers in proxy filings for the first full year since the S.E.C. demanded the metric. The FT and Equilar, a compensation consultancy, dug into the numbers, looking at the 100 largest companies by revenue that had published 2018 data by April 1, the midpoint of the annual reporting calendar. Three notable findings:
• “Of the 100 CEOs, 11 made more than 1,000 times as much as their median employee.”
• “Elon Musk was paid 40,668 times more than the median Tesla worker,” though that company was not part of Equilar’s analysis.
• “Warren Buffett earned less than seven times as much as the median Berkshire Hathaway employee.”
Skepticism remains about the usefulness of the metric. It might cause a day or two’s bad publicity, critics say, but it will have much less effect on companies’ compensation decisions than their financial results.
German prosecutors filed aggravated fraud charges yesterday against Martin Winterkorn, who was Volkswagen’s C.E.O. when it deceived regulators about emissions levels, Christopher Schuetze of the NYT writes.
• “The charges are the first criminal indictment in Germany against an individual in connection with the diesel scandal.”
• The indictment “includes charges of breach of trust, tax evasion and false certification, either directly or by aiding in such crimes. If convicted, Mr. Winterkorn could be sentenced to up to 10 years in prison.”
• “In charging Mr. Winterkorn and four Volkswagen managers whose names were not released, the public prosecutor’s office in Braunschweig tied the five to events reaching as far back as 2006.”
• “The timeline is significant because it rejects initial claims by Volkswagen that senior management became aware of the so-called defeat devices used to cheat emissions tests only after being confronted by the United States environmental authorities in 2015.”
• “Even after paying billion in fines and settlements related to the scandal, the carmaker continues to face legal challenges and investigations from authorities in the United States and Germany.”
Best Buy named Corie Barry, its chief financial officer, as its next C.E.O. The current C.E.O., Hubert Joly, will become executive chairman.
The P.R. firm Prosek Partners plans to announce this morning that it has hired David Wells, who most recently led marketing and communications for Goldman Sachs’s consumer and investment management division, as a partner.
Daniel Daniel, a former senior investor at BlackRock, has left to start Twenty Acre Global, an investment firm that will take stakes in tech companies.
BlackRock has reportedly moved to hire Tang Xiaodong, most recently a senior executive at GF Securities, to oversee its mainland China operations.
• AT&T sold its 9.5 percent stake in Hulu back to the streaming service at a billion valuation. (WSJ)
• Deutsche Bank reportedly expects to lose up to .7 billion in revenue if it merges with Commerzbank, when customers reduce their exposure to the combined lender. (Bloomberg)
• When Anadarko agreed to sell itself to Chevron for a share, it reportedly cut off talks with Occidental Petroleum about an offer in the mid-s. (CNBC)
• Salesforce agreed to buy its philanthropic arm, which also sells the company’s software to nonprofits, for 0 million. (Business Insider)
• Venture capitalist firms foresee a windfall in astrology start-ups. (NYT)
Politics and policy
• Senator Bernie Sanders released 10 years’ worth of tax returns yesterday, revealing that he’s in the top 1 percent of taxpayers. He defended his wealth, but demurred on whether he should be paying more. (NYT)
• President Trump’s personal lawyer urged the Treasury Department not to release his client’s records. (NYT)
• The Interior Department’s new secretary, David Bernhardt, faces an ethics investigation by its inspector general. (NYT)
• Representative Alexandria Ocasio-Cortez, Democrat of New York, reportedly declined meetings with top banking executives after harshly criticizing the industry. (Fox Business)
• The Justice Department said a redacted version of Robert Mueller’s report would be released on Thursday. (NYT)
• American Airlines plans to give its pilots more simulator training for 737 Max jets. (WSJ)
• U.S. efforts to tighten sanctions on Iranian and Venezuelan oil might push up energy prices. (NYT)
• OPEC has gotten unexpected help from a longtime frenemy, Russia. (WSJ)
• President Trump insists that the U.S. will “win either way” in its trade discussions with China. (Reuters)
• Britain’s foreign secretary, Jeremy Hunt, said a top priority is reaching a Brexit deal in time to avoid the U.K. holding European elections. (BBC)
• Germany’s foreign minister says that Britain shouldn’t get another Brexit extension. (FT)
• Some British companies are enjoying a pre-Brexit boom — but they’re worried about what comes next. (FT)
• Huawei says it has secured 40 commercial contracts to build and operate 5G wireless infrastructure, but it has not discussed 5G chipsets with Apple. Also: China is investigating a Huawei rival, Ericsson, over its technology licensing practices. (Reuters, WSJ)
• SpaceX is seeking another 0 million in funding, but there are internal questions about the viability of its plans for a satellite-based internet business. (WSJ)
• Ecuador said it had been hit by 40 million cyberattacks since Julian Assange was arrested last week. (AFP)
• Big companies thought their insurance covered the 2017 NotPetya cyberattack. Maybe not. (NYT)
• Uber is really worth about billion, according to Aswath Damodaran, NYU’s valuation expert. (CNBC)
• The first opinions on Samsung’s folding-screen phone? It might just be worth the ,000 price tag. (Gizmodo)
Best of the rest
• Lori Loughlin and her husband pleaded not guilty in the college admissions scandal. (Bloomberg)
• Citigroup and Goldman Sachs both delivered better-than-expected earnings yesterday, but investors were still disappointed. (Bloomberg)
• UniCredit pleaded guilty to U.S. charges that its German division let some Iranian customers violate sanctions. (Bloomberg)
• Expectations for America’s first quarter G.D.P. growth are increasing. (Axios)
• Greece wants to repay its €10 billion loan from the I.M.F. early. (Sky News)
• Supreme Court judges are torn about whether a clothing company’s name is too obscene-sounding to trademark, but united in not saying it aloud. (NYT)
Thanks for reading! We’ll see you tomorrow.
You can find live updates throughout the day at nytimes.com/dealbook.
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精选供参料中特两句经【一】【个】【月】【后】。 “【指】【挥】【官】，‘【变】【身】’【任】【务】【完】【成】。” 【叶】【天】【星】【的】【报】【告】，【让】【叶】【世】【善】【兴】【奋】【无】【比】。 “【快】，【变】【身】【给】【我】【看】【看】。”【叶】【世】【善】【急】【切】【道】。 “【我】【们】【只】【研】【究】【出】【变】【身】【理】【论】，【但】【想】【要】【实】【现】，【还】【需】【要】**！”【叶】【天】【星】【道】。 “【哦】【对】。” 【叶】【世】【善】【恍】【然】，【立】【即】【让】【系】【统】【录】【入】。 “【资】【料】【完】【善】，【可】【录】【入】。” “【录】【入】【中】……【录】
【蛮】【荒】【的】【天】【空】，【本】【是】【受】【到】【罗】【姆】【周】【天】【血】【雷】【阵】【的】【影】【响】，【化】【作】【了】【一】【片】【带】【有】【红】【色】【血】【纹】【的】【阴】【云】。 【可】【此】【时】，【一】【道】【七】【彩】【的】【巨】【大】【漩】【涡】【突】【兀】【的】【出】【现】【在】【了】【乌】【云】【之】【中】，【并】【渐】【渐】【的】，【将】【阴】【暗】【的】【天】【空】【印】【成】【了】【暗】【金】【色】。 【帝】【殇】【此】【时】【额】【间】【的】【独】【目】，【正】**【出】【一】【道】【宽】【约】【数】【存】【的】【金】【色】【光】【芒】【涌】【入】【到】【了】【天】【空】【中】【的】【云】【层】，【看】【样】【子】，【这】【突】【如】【其】【来】【的】【变】【化】，【就】【是】【其】【第】【三】
【今】【天】【天】【气】【很】【好】，【晴】【空】【万】【里】。 【江】【含】【笑】【一】【大】【早】【起】【来】，【就】【被】【展】【夫】【人】【拉】【去】【美】【容】【院】。 “【妈】，【你】【今】【天】【为】【什】【么】【这】【么】【积】【极】【去】【美】【容】【啊】？”【江】【含】【笑】【觉】【得】【今】【天】【家】【里】【气】【氛】【怪】【怪】【的】，【展】【家】【四】【老】【个】【个】【精】【神】【抖】【擞】，【好】【像】【有】【什】【么】【大】【喜】【事】【般】。 【三】【胞】【胎】【也】【穿】【上】【了】【黑】【色】【小】【西】【装】，【臭】【美】【得】【不】【要】【不】【要】【的】。 【展】【夫】【人】【满】【脸】【笑】【容】：“【呵】【呵】【呵】……【今】【天】【我】【们】【要】【去】
【看】【了】【一】【眼】【陈】【玠】，【唐】【锦】【兮】【就】【咽】【掉】【眼】【泪】，【起】【身】【向】【门】【外】【奔】【去】。【由】【于】【陈】【玠】【被】【阿】【莉】【罗】【抱】【着】，【是】【以】【没】【有】【以】【最】【快】【的】【速】【度】【抓】【住】【唐】【锦】【兮】，【等】【到】【阿】【莉】【罗】【松】【开】【手】【与】【陈】【玠】【一】【同】【去】【寻】【唐】【锦】【兮】【的】【时】【候】，【她】【已】【经】【跑】【得】【无】【影】【无】【踪】【了】。 【陈】【玠】【四】【处】【寻】【不】【到】【唐】【锦】【兮】【的】【踪】【迹】，【坐】【到】【房】【间】【里】，【对】【着】【花】【梨】【木】【的】【桌】【子】【狠】【狠】【地】【一】【锤】，【神】【情】【之】【中】【尽】【是】【愤】【怒】，【只】【是】【发】【泄】【过】【愤】【怒】【之】精选供参料中特两句经【和】【一】【个】【老】【作】【者】【聊】【天】【才】【知】【道】，【在】【起】【点】，【双】【开】【和】【断】【更】【一】【样】，【都】【是】【会】【上】【编】【辑】【黑】【名】【单】【的】，【如】【果】【我】【继】【续】【保】【持】【新】【旧】【书】【双】【开】【的】【态】【度】【的】【话】，【那】【么】【新】【书】【就】【别】【想】【要】【推】【荐】【了】…… 【无】【奈】【之】【下】，【为】【了】【养】【育】【新】【书】，【旧】【书】【只】【能】【宣】【布】【完】【本】。 【完】【本】【也】【是】【没】【办】【法】【的】【事】【情】，【毕】【竟】【这】【本】【书】【读】【者】【都】【在】【看】【盗】【版】，【一】【个】【月】【的】【收】【入】【连】100【块】【钱】【都】【不】【到】，【只】【能】【靠】【全】【勤】【奖】
【黄】【雪】【希】【知】【道】，【越】【是】【有】【能】【力】【有】【潜】【力】【的】【精】【英】，【就】【越】【难】【收】【服】，【除】【非】【自】【己】【给】【对】【方】【有】【巨】【大】【的】【恩】【德】【或】【者】【利】【益】。 【那】【么】，【自】【己】【可】【以】【用】【什】【么】【利】【益】【诱】【惑】【他】【呢】？ 【功】【法】？【丹】【药】？【兵】【马】？【权】【力】？【美】【女】？ 【这】【些】【好】【像】【自】【己】【都】【不】【缺】，【就】【是】【不】【知】【道】【能】【否】【买】【到】【王】【烛】【这】【匹】【千】【里】【马】【的】【马】【骨】。 【数】【十】【里】【外】，【王】【烛】【望】【着】【各】【方】【人】【马】【的】【气】【血】【之】【虹】，【策】【马】【向】【一】【方】【敌】
【白】【虎】【沉】【默】【了】，【不】【是】【觉】【得】【自】【己】【会】【输】，【而】【是】【在】【猜】【测】【林】【锋】【究】【竟】【在】【打】【个】【什】【么】【目】【的】。 “【怎】【么】？【白】【虎】【你】【不】【干】【了】？”【凰】【恰】【时】【的】【出】【言】【讽】【刺】【道】，【瞬】【间】【将】【白】【虎】【的】【暴】【脾】【气】【给】【点】【燃】【了】。 “【哼】！【我】【有】【何】【不】【敢】？【但】【是】【你】【也】【要】【先】【说】，【我】【们】【的】【赌】【注】【是】【什】【么】！”【白】【虎】【虽】【然】【暴】【躁】，【但】【并】【不】【是】【无】【脑】，【连】【赌】【注】【都】【没】【有】【说】【出】【来】，【这】【么】【着】【急】【的】【押】【注】，【可】【是】【会】【吃】【大】【亏】