PayPal Holdings Inc. will report a $228-million loss on investments before taxes in the third quarter, driven in large part by a bad bet on Uber Technologies Inc. just before it went public.

The San Jose-based payments company said the investment in Uber, for $500 million at the initial public offering price, had declined 34%. Another investment, in Latin American online retailer MercadoLibre Inc., had declined 10%, PayPal said.

PayPal’s stake in the world’s largest ride-hailing business was tied to what the companies described as a closer collaboration on payments technology. Uber is the most prominent app to use PayPal’s nascent Pay With Venmo feature. But Uber’s stock has underperformed because of a combination of slowing growth and accelerated losses.

In an email, a PayPal spokeswoman cited the “inherent difficulty” in predicting the stock market for the mismatch between its previous forecast and reality. The company will report financial results on Oct. 23.

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A weakness in pot stocks has scuttled MedMen Enterprises Inc.’s planned acquisition of PharmaCann less than a month after it received antitrust approval.

The Los Angeles-based cannabis company said Tuesday that it will terminate the all-share deal, which was valued at $682 million when it was announced last October and MedMen was trading at about $4.45 a share. Cannabis shares have tumbled since then, with the Horizons Marijuana Life Sciences Index ETF down about 50% and MedMen’s stock down 65% to $1.52.

“The cannabis sector has evolved tremendously since we first announced the PharmaCann transaction and based on the current macro environment and future opportunities that exist for our business, we believe it is now in the best interest of our shareholders to deepen, rather than widen, our company’s reach,” MedMen Chief Executive Officer Adam Bierman said in a statement.

MedMen shares fell as much as 9.6% in early trading Tuesday.

The move comes as a surprise, as MedMen said last month that it had received antitrust approval for the deal after a waiting period expired. It was one of the first of several U.S. cannabis mergers that were under Department of Justice review to get the green light, and MedMen said then it expected the acquisition to close by the end of 2019.

As part of the termination, PharmaCann will transfer cannabis licenses and related assets in Illinois and Virginia to MedMen for no additional consideration other than the forgiveness of $21 million of debt, the companies said.

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The recent underperformance of cannabis stocks has “made it increasingly more critical to allocate capital efficiently” and some of PharmaCann’s assets required significant expenditures, MedMen said Tuesday. It added that it has decided to increasingly focus on the California market, where it plans to have 30 stores open by the end of 2020.

On a sunny Saturday afternoon this past weekend, Julia Roberts was dressed in polka dots, waiting for a polo match to begin. It may sound like a scene straight out of the 1990 film “Pretty Woman,” but nearly 30 years after she donned that iconic brown-and-white polka dot dress for her star-making role, Roberts was wearing a modern, navy Michael Kors ensemble. (The actress forwent the white gloves, hat, and heels in favor of a white belt and sensible flats.)

“I’ve never been up here. It’s so beautiful,” Roberts said, surveying a perfectly manicured field at Will Rogers State Historic Park in Pacific Palisades, one of the last remaining polo fields in Los Angeles. The Oscar winner (for 2000’s “Erin Brockovich”) was on hand for Veuve Clicquot’s annual Polo Classic, which pulled out all the stops to celebrate its 10th anniversary. Yellow umbrellas were scattered throughout the general admission area while a massive white tent was erected for Southern California tastemakers and Hollywood’s elite, including Kirsten Dunst, Regina Hall, Christina Hendricks and “This is Us” costars Mandy Moore and Justin Hartley.

“This is part of our community,” Roberts said, referencing the landmark’s rich past, which includes Walt Disney, Spencer Tracy and Clark Gable playing polo at the field in the 1920s. “That’s the thing about Los Angeles,” she said, noting its “truly deep history that you’ll find, especially as it relates to my business.”

Because Roberts’ iconic “Pretty Woman” polo scene was actually shot at the Los Angeles Equestrian Center in Burbank, Roberts hadn’t seen these greens before and looked forward to letting loose. “I thought it would be fun,” she said. “I haven’t seen any polo playing since I was at work wearing polka dots.” She laughed. “A typical Saturday, I am sitting at a soccer match, where all the rest of my family is right now.”

The Polo Classic is a family affair for many guests, including Argentine polo player Nacho Figueras who often plays alongside his wife, Delfina Blaquier. The two have been involved with the event since its inception in 2010.

“Ten years ago, we dreamed about bringing the glamour of polo back to Hollywood and to Los Angeles,” said Figueras. “I was having drinks at the Polo Lounge and I saw a picture of two guys playing polo behind the bar and I said, ‘Who’s that?’ The photograph was of Will Rogers and Darryl F. Zanuck.”

The affair has grown considerably, from approximately 2,000 Angelenos in 2010 to more than 7,500 this year. It’s also evolved on the polo field, with the teams being evenly matched with two women and two men competing. While Blaquier attended for years, she didn’t begin playing opposite her husband until 2015. “We felt like it was time for more women to get out there on the polo field,” she said. “It’s a great opportunity to show that we can do it as well and inspire girls.”

The sporting event has also become a major moment on the fashion calendar. This year, outfits ran the gamut from bright floral sundresses (Busy Philipps, Lea Michele) to equestrian-inspired plaid suits (Kaley Cuoco in Missoni). No surprise, many guests — like Hartley’s wife, Chrishell Stause, and influencer Louise Roe — paid homage to Roberts in polka-dot ensembles.

“Twinsies!” Roberts said upon spotting another guest in a similar look. She was surprised to learn of her sartorial impact. “It would never have occurred to me, honestly,” she said. “Meeting Nacho was such a thrill. He said, ‘Thank you for what you’ve done for the sport of polo.’ I was just gobsmacked when he said it.” She said she chose her “comfortable” look in order “to have a sense of humor and lean into my polka dots.”

Will Rogers’ great-granddaughter Jennifer Rogers-Etcheverry said she appreciates that Veuve Clicquot’s involvement has helped breathe new life into the public park. “It’s great because it continues his legacy,” she said, noting that a portion of the event’s proceeds help maintain the polo field and the upkeep of the park’s hiking trails.

Florence McKoy and Kevin Humphrey of Carson purchased general admission tickets for $90 each after learning about the event on Instagram two years ago. “I was going to come last year but I had to sell my tickets because I had to work; so it’s our first year,” said McKoy, clutching a Champagne goblet while standing atop a grassy hill. “We definitely plan on coming next year, but I want to let everybody know — wear flats, not heels.”

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As a pantry staple, you can’t beat dried beans. They’re cheap, store well for a long time, and are filling and hearty. But the thing is, I just don’t have the patience for them. I often get the hankering for beans as soon as I’m hungry, and well, there’s no time for that critical step of soaking them overnight.

That’s why I often used canned beans for my weeknight cooking. But when fresh beans are in season in late summer and early autumn, I relish the time-intensive task of plucking them from the shells then baking them in a slow oven until tender.

Because I can be bothered to tediously open bean pods but can’t entertain tending a pot on the stove for hours, my preferred bean-cooking method is to chuck them in a baking dish with water and aromatics and let the oven do its thing. The usual suspects are present: onion, carrot and celery, along with whatever fresh, hardy herbs I have hanging out in the fridge. But then I toss in a few strips of prosciutto (Have a couple errant slices of bacon? Use those) to add their characteristic smoky, salty umami flavor. A dried chile de árbol spikes the low drum of the other aromatics.

A couple hours in the oven — half the time covered in foil, the other half open to the reducing, crisping powers of the oven heat — renders the beans on the bottom tender and those on top crunchy. The cooking liquid is concentrated and flavorful, the perfect elixir to soak up with bread. It’s a simple pot of beans, minus the pot, but that allows you all the smug satisfaction of being the type of person who plans ahead for a great meal.

Baked Fresh Lima Beans with Prosciutto and Chile

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2 hours 15 minutes. Serves 4 to 6.

The aromatics used here should be what you have around and their presence a casual one. If you have leftover chopped onions or carrots, use those in place of the whole pieces. If you have a fresh chile and no dried ones, use that. Similarly, I often buy the “poultry” packets of fresh herbs, which contain both rosemary and sage, and thyme, so that I can use them all without having to buy large amounts of either.

• 1 pound 6 ounces shelled fresh lima beans (about 4 ½ cups)
• ¼ cup extra-virgin olive oil, plus more for serving
• 1 tablespoon kosher salt
• 1 sage leaf
• 1 small sprig rosemary
• 1 bay leaf
• 1 dried chile de árbol
• 6 peeled garlic cloves
• 4 strips prosciutto, torn into bite-size pieces
• ¼ medium yellow onion, halved lengthwise
• ½ small carrot, halved lengthwise
• ½ small celery stalk, halved lengthwise, plus chopped celery leaves, for serving.
• Toasted bread, for serving

1. Heat the oven to 350 degrees.

2. Spread the beans in a 9-by-13-inch baking dish and add the olive oil, salt, sage, rosemary, bay leaf, chile, garlic, prosciutto, onion, carrot and celery. Pour in 4 cups water. Cover the dish with foil and bake for 1 hour. Uncover the dish and continue baking until the beans are tender and the cooking liquid is slightly reduced, 1 hour more.

3. Remove the dish from the oven, and let the beans cool for 5 minutes. Spoon into bowls, drizzle with more olive oil if you like and sprinkle with celery leaves. Serve with bread for soaking up all the bean liquid.

As if headliner Adam Sandler with special guests Eddie Vedder and Judd Apatow weren’t enough top-level entertainment for Sunday’s Rock4EB! fundraiser, during his nearly hourlong set Sandler brought his daughters Sunny, 10, and Sadie, 13, to the stage to sing Taylor Swift’s “Lover” as he accompanied them on the guitar.

“I love you, guys,” he said, turning to them as they waited to begin. “You’re excited? You’re nervous? It’s going to be OK. … This is the worst part, kids, just standing and not singing.” He then said jokingly, “How do you think I feel every … night I do this …?”

Adding yet another talent to the mix, Vedder asked Glen Hansard, singer-songwriter of the Irish group the Frames, to join him during his half-hour set, and the two sang, among other numbers, “Falling Slowly,” the Academy Award-winning song that Hansard co-wrote for the 2007 film “Once.”

“That was the same year I did music for ‘Into the Wild,’” Vedder, the Pearl Jam singer-songwriter, told Hansard, before saying jokingly, “That song’s why mine didn’t win the Academy Award.” The two then sang “Society” from the 2007 Sean Penn film. “This is a great song,” Vedder added, “and I can say that because I didn’t write it.”

Before the evening ended, Sandler, Vedder and Apatow teamed up to perform “Let My Love Open the Door.”

The event

An affair easily worthy of the exclamation point in its name, Rock4EB! raised more than $900,000 to fund research and find treatments for epidermolysis bullosa, a rare, debilitating and life-threatening disease of the skin.

The scene

Famous faces poured into the Malibu home of Marc Gurvitz of Brillstein Entertainment Partners, where they found an abundance of food and drink options spread out on the spacious lawn overlooking the Pacific.

Participating vendors included Nobu, Spartina, Factor’s Famous Deli, Slab BBQ, Great Taste Catering, D’Amore’s Pizza, Pink’s, Casa Vega, Wally’s, Casamigos, Lail Vineyards, Hourglass Vineyards, Kona Beer and Fiji Water.

Following a brief interview outside the house, Julia Roberts gave Catherine Keener a hug before joining husband Danny Moder and their three children. Before stepping onto the lawn, Leslie Mann stood on the porch, searching the crowd for Apatow, her husband, and daughter, Maude Apatow. Catherine O’Hara, meanwhile, made her way to the swimming pool to place bids in a silent auction.

Many of the same guests attend the event year after year, mixing not only with one another but also with people who have EB.

Courteney Cox said, “It’s so nice to come to these events and reunite with people you really care about and to know they’re doing OK. It’s a hard life for them. [Researchers] are making great progress but they’re not there yet.”

Standing in a quiet spot by the pool, Kaley Cuoco talked of the child who last year asked to watch a taping of “The Big Bang Theory,” the CBS series of which Cuoco was a co-star. “He came to every episode, every Thursday night, and sat in the front row with his family,” she said. “We’re BFFs now, and we talk all the time.”

The crowd

Talent manager Andrea Pett-Joseph, husband Paul Joseph and their 15-year-old son, Brandon, who has EB, welcomed guests including Sean Penn, Rami Malek, Bill Maher, Elizabeth Olsen, David Spade, Cindy Crawford, Rande Gerber, Kaia Gerber, Catherine Bell, Ed O’Neill and Kim Basinger.

More quotes

Taking the microphone as guests settled into their seats for the show, Pett-Joseph said, “In a town where relationships can be fleeting, your support has never wavered, and that is not lost on us.”

Julia Roberts said she came “to be part of this incredible community of people, supporting each other and this important cause. The thing that’s always surprising is how many people don’t know anything about this [disease].”

“I’ve always said, ‘If I’m in L.A., I’m coming to this event,” Malek said. “It’s an important cause and something people need to understand.”

“I try to come every year,” said Judd Apatow, wearing a Pearl Jam T-shirt. “It’s a really important charity, and with Adam and Eddie, it’s a dream show for me personally.”

The numbers

More than 600 guests bought tickets ranging from $1,200 each to $25,000 for eight reserved seats, with proceeds going to the Epidermolysis Bullosa Medical Research Foundation and the ​EB Research Partnership.

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Rent the Runway says its business is working normally again after a cascade of delayed and canceled orders angered customers.

Rent the Runway Chief Executive Jennifer Hyman said operations were back to normal as of Tuesday morning, “a few days ahead of schedule.” The company had previously said it was aiming for Oct. 15.

The fashion-rental company was trying to limit the damage after customers last month said outfits they ordered for special events hadn’t arrived on time or had been canceled with no warning. Rent the Runway, which said implementation of new software disrupted its sorting system, pledged to refund some customers and give $200 in cash to others whose orders were never shipped.

Services were halted for 11 days, with new subscriptions and individual orders frozen during the downtime, causing a short-term revenue hit. New customers were temporarily barred from registering and put on a waiting list. They will now be processed. Meanwhile, those existing customers eligible for cash were sent their payments last week as the warehouse issues were resolved.

The disruption began in mid-September after Rent the Runway’s new racking system for clothes went into effect at the company’s New Jersey distribution center. In total, 14% of Rent the Runway’s subscribers and 6% of customers who use the service for one-off events were affected.

The company’s top supply-chain executive stepped down as angry customers flocked to the service’s social media pages to voice dismay about being stranded without their planned garments for weddings and galas.

Founded by Hyman and Jennifer Fleiss, who is now an executive at Walmart Inc., Rent the Runway has found a following sending borrowed clothes for women to wear for events. The company is valued at more than $1 billion and has raised more than $500 million in venture capital funding and debt from investors including Franklin Templeton, Bain Capital Ventures and Temasek Holdings.

It has grown rapidly into a subscription business, with most of its customers now paying a monthly fee of $159 to rent items that can include Kate Spade dresses and Oscar de la Renta earrings. The service has also started renting out children’s clothing and home decor.

HONG KONG — 

Hong Kong leader Carrie Lam warned Tuesday that the Chinese military could step in if an uprising for democratic reforms that has rocked the city for months “becomes so bad,” but said the government still hopes to resolve the crisis itself.

Lam urged foreign critics to accept that the four months of protests marked by escalating violence were no longer “a peaceful movement for democracy.”

She said that seeking Chinese intervention was provided for under Hong Kong’s constitution but that she could not reveal under what circumstances she would do so.

“I still strongly feel that we should find the solutions ourselves. That is also the position of the central government, that Hong Kong should tackle the problem on her own, but if the situation becomes so bad, then no options could be ruled out if we want Hong Kong to at least have another chance,” she said at a news conference.

The protests started in June over a now-shelved extradition bill that would have allowed some criminal suspects to be sent to mainland China for trial but have since morphed into a larger antigovernment movement. Protesters say the bill is an example of Beijing’s increasing influence over the former British colony, which was promised a high level of autonomy when it returned to Chinese rule in 1997.

The unrest has pummeled tourism and hurt businesses in the global financial hub, further bruising the city’s economy as it grapples with the effects of the U.S.-China trade war.

President Trump on Monday urged Chinese President Xi Jinping to ensure a “humane solution” in Hong Kong. He warned that any “bad” outcome could hurt trade talks ahead of negotiations in Washington on Thursday.

Hardening her government’s stance on the protests last week, Lam invoked a colonial-era emergency law to criminalize the wearing of masks at rallies, fueling more anger and daily violence over the long holiday weekend. Police officers last week fired gunshots at protesters, wounding two teenagers: the first victims of police gunfire since the protests started.

Enforcement of the mask ban began Saturday, and Lam said it was too early to call it a failure.

Police regional chief Kwok Yam-yung said 241 people were detained in widespread “atrocities” over the last four days that saw ferocious attacks on officers and those with opposing views.

He said that included 77 who violated the mask ban, 14 of whom were charged Tuesday, bringing the total number of prosecutions to 16. The mask ban is punishable by up to a year in jail and a fine, which is light in comparison to those accused of rioting, which carries a penalty of up to 10 years.

Since June, 2,363 people have been arrested, with more than 200 charged with rioting.

“Ruthless and reckless acts are pushing the rule of law to the brink of total collapse,” Kwok said.

Critics fear the emergency law, which gives Lam broad powers to implement any measures she deems necessary, could pave the way for more draconian moves. Lam said the government would make a “careful assessment” before deciding on other emergency measures such as internet controls.

She also pledged to continue a dialogue and take steps to address livelihood and economic problems in a policy address due Oct. 16, when the Legislative Council resumes.

Protesters stormed and damaged the legislative building on July 1, requiring repairs. Lam appealed for peace when the legislative session reopens, warning that further disruptions would set back the approval of bills and impede the city’s development.

The city’s subway and trains, which carry some 5 million passengers daily, mostly reopened Tuesday but will shut early amid fears of more protests. The entire MTR network was shut down Saturday, with limited service the last two days.

Videos on local media showed masked protesters smashing windows of a train heading to mainland China late Monday as passengers screamed — the first time a train carriage was attacked. Protesters also threw objects on the track as the train pulled away. An MTR spokesman, who identified himself only as Terry, confirmed the incident and said some cross-border services were suspended Tuesday.

Scores of students wore masks in defiance as they returned to school after the holiday. Some rallied at lunchtime, chanting slogans and holding placards that read “You may take away my mask but not my belief” and “Ideas are bulletproof.”

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LONDON — 

Britain and the European Union traded ill-tempered barbs Tuesday as the U.K. said a Brexit deal might be impossible, with just over three weeks until its scheduled departure from the bloc.

British Prime Minister Boris Johnson’s office said EU intransigence had led to a breakdown in negotiations, prompting a top European leader to warn against playing a “stupid blame game” — and chide Johnson in Latin.

Johnson’s office gave a gloomy assessment after a call between the prime minister and German Chancellor Angela Merkel on Tuesday morning.

In a statement to British media, Downing Street said Merkel had told Johnson that “a deal is overwhelmingly unlikely” unless the U.K. agreed to allow Northern Ireland to continue to follow EU customs rules in order to maintain an open border with EU member Ireland.

That’s something the British government says it can’t accept. Downing Street said that “if this represents a new established position, then it means a deal is essentially impossible not just now but ever.” How people and goods will move across the Irish border is the main sticking point in a deal.

The German government confirmed that Merkel and Johnson had spoken but declined to comment on the substance of “confidential conversations.”

European Commission spokeswoman Mina Andreeva said “the EU position has not changed. We want a deal. We are working for a deal with the U.K.”

European Council President Donald Tusk tweeted testily that “what’s at stake is not winning some stupid blame game.”

“At stake is the future of Europe and the UK as well as the security and interests of our people,” he said, addressing Johnson. “You don’t want a deal, you don’t want an extension, you don’t want to revoke, quo vadis?” — a Latin phrase meaning “where are you going?”

Irish Deputy Prime Minister Simon Coveney tweeted that it was “hard to disagree” with Tusk’s statement, saying it reflected “frustration across EU and the enormity of what’s at stake for us all.”

EU leaders have demanded more “realism” from Britain in response to a Brexit plan proposed by Johnson. The bloc says the proposals — which would require customs checks on some goods moving between Northern Ireland and Ireland — don’t fulfill the U.K.’s commitment to a frictionless Irish border.

Johnson has urged the bloc to compromise but also insists the U.K. will leave the EU on Oct. 31 even without a deal.

French President Emmanuel Macron has said the EU will assess by Friday whether a deal is possible.

Johnson’s opponents in Britain accused the government of deliberately undermining the Brexit talks. Keir Starmer, Brexit spokesman for the main opposition Labor Party, said the Downing Street statement was “yet another cynical attempt by No. 10 to sabotage the negotiations,” using the shorthand for the prime minister’s office.

“Boris Johnson will never take responsibility for his own failure to put forward a credible deal. His strategy from day one has been for a no-deal Brexit,” he said.

Scottish First Minister Nicola Sturgeon, who opposes Brexit, tweeted: “The UK government’s attempts to shift the blame for the Brexit fiasco to anyone but themselves — today it’s Merkel — is pathetically transparent.”

On Tuesday, Britain published more details of its plans for a scenario with no deal. The government says those plans will minimize any resulting economic shock.

Economists and business groups warn that no amount of preparation can eliminate the pain of new barriers with the EU, which accounts for almost half of U.K. trade.

The government’s “no-deal readiness report” shows significant British preparation but also acknowledges its limits. Britain says it will try to keep goods flowing by not immediately imposing border checks on imports from the EU. But the government acknowledges there will be new tariffs on 60% of British exports to the EU, including levies of more than 50% on beef and lamb.

Many in the EU — and in Britain — are skeptical that Britain will leave the bloc on Oct. 31 because the U.K. Parliament has passed a law compelling the government to ask the EU for a delay to Brexit if no deal is agreed upon by Oct. 19.

Johnson says he will obey the law but will not ask for a delay. It’s not clear how those two statements can be reconciled — but it’s clear Johnson wants to pin the blame for any delay on Parliament and the EU, so that he can campaign as a champion of Brexit in an election that’s likely to be called soon.

Parliament is set to be suspended later Tuesday so that a new session can begin next week with a major policy speech from Johnson’s Conservative government.

An earlier attempt by the government to shut down Parliament for five weeks was ruled illegal by Britain’s Supreme Court because it had the effect of preventing Parliament from scrutinizing the government’s Brexit plans. This week’s shorter suspension is more routine. Lawmakers will return on Monday.

Many are anticipating an early election. Both the government and the opposition see a national vote as the only way to break Britain’s Brexit deadlock, though they disagree on the timing.

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DALLAS — 

Dallas police say three men are suspected in the killing of a man who testified at the trial of a Dallas police officer who killed her upstairs neighbor.

Assistant Chief Avery Moore said at a news conference Tuesday that the three men from Alexandria, La., will face capital murder charges in Friday’s killing of Joshua Brown.

Moore said the three were in Dallas to buy drugs from Brown, who was fatally shot at a Dallas apartment complex. He said the killing was not tied in any way to Brown’s testifying at the murder trial of former Officer Amber Guyger, who was sentenced Wednesday to 10 years in prison for killing her neighbor, Botham Jean.

Brown lived on the same floor as Jean and testified about what he heard the night Guyger killed him.

SEATTLE — 

Trump administration officials broke the law when they reversed course and gave a green light to a proposed copper and gold mine near Alaska’s Bristol Bay, mining opponents said in a lawsuit filed Tuesday.

Alaska Native, commercial fishing and economic development organizations said the Environmental Protection Agency’s decision July 30 to step aside and let the U.S. Army Corps of Engineers determine whether to permit the Pebble Mine was “arbitrary, capricious, an abuse of discretion” and illegal.

The lawsuit filed in U.S. District Court in Anchorage is the latest challenge to the project that the EPA’s Seattle branch criticized in written comments July 1 before abruptly reversing course, withdrawing the agency’s option to block the proposed open-pit copper and gold mine. Last year, then-EPA Administrator Scott Pruitt decided to preserve the agency’s veto option over the Army Corps permitting process, saying that mining in Bristol Bay’s headwaters could risk harming the world’s largest sockeye salmon fishery.

Representatives of the groups that filed the suit said at a news conference Tuesday in Anchorage that the Trump administration’s reversal ignored years of EPA research and public comments.

“The politicians jumped in and changed the rules at the last minute,” said commercial fisherman Robin Samuelsen Jr., board chairman of the Bristol Bay Economic Development Corp., one of the plaintiffs.

An EPA spokeswoman declined to comment. The lawsuit names as defendants the EPA, its general counsel, Matthew Leopold, and agency Seattle Administrator Chris Hladick.

Mike Heatwole, a spokesman for the mining company, Pebble Ltd. Partnership, said that decisions on a “proposed determination,” as the EPA’s veto option is called, are “clearly within the discretion” of the agency administrator.

The suit argues that the agency changed course without good reason or explanation required by law, and asks that a judge nullify the move.