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The 10-Point: My Guide to the Day's Top News.

The Wall Street Journal
Good morning,
Trade Winds
The messy fight over the U.S. trade bill may soon be coming to an end. The Senate is expected to grant President Barack Obama expanded trade-negotiating power today. The fast-track bill is seen as essential for Mr. Obama to wrap up negotiations on the 12-nation Trans-Pacific Partnership, a major trade deal involving countries around the Pacific Ocean. Getting over this last hurdle marked a victory for the White House, many businesses and Republican leaders while dealing a blow to labor unions and environmentalists, who helped elect Mr. Obama. Meanwhile, American trade negotiators are demanding that Vietnam, a major garments exporter, reduce its reliance on textiles made in China to get preferential market access to the U.S.
Food for Thought
The nation’s two largest food distributors might not be joining forces after all. A federal judge issued a preliminary injunction yesterday blocking Sysco’s planned acquisition of US Foods. The decision handed a high-profile victory to the FTC, which filed a lawsuit in February challenging the transaction on antitrust grounds. Sysco has a lot to lose financially if the deal dies. It has already invested millions and would have to pay US Foods another $300 million. Meanwhile, European grocery chains Royal Ahold and Delhaize Group have agreed to a merger, creating one of the largest supermarket operators in the U.S. and valued at about $29 billion based on their closing share prices yesterday.
Work Hard, Play Hard
Not many people can fully disconnect from the office during time off, so a small but growing number of workers are instead petitioning the boss to combine work and vacation: time away from the office that includes a few days working from an exotic locale. Workers often pay for lodging and travel, but may take conference calls or write project updates from a resort or rental home, spending off-hours sightseeing or being with family, without having the time counted against their vacation days. Such a “workcation” may be a welcome respite. At the same time, the growing use of corporate retreats can place a strain on some couples. Our columnist Sue Shellenbarger looks at how all the free meals, perks and outings employers offer these days can be tough on relationships.
Big Sister Is Watching You
As tech-savvy teens become adults, experts say they are seeing the sibling emerge as a newly empowered breed of family guardian. Meet the helicopter sibling, the mobile tech-equipped family guardian who keeps tabs on sisters and brothers and filters information back to parents in ways that keep both sides happy. One expert notes that it amounts to “digital tattling.” But it is essential that the sibling in the surveillance role uses discretion in passing information along to parents. And keep in mind that there’s a distinction between a sibling who acts as a mentor and one who only seeks control.
TOP STORIES
U.S.

Breached Network’s Security Is Criticized

Confederate Flag: Turning the Tide on a Symbol of the South
WORLD

France’s Hollande Calls Defense Cabinet Meeting After NSA Spying Claims

Donors to Meet on Nepal’s Painful Recovery
BUSINESS

Boeing Names Muilenburg CEO, Succeeding McNerney

Borders Matter Less and Less in E-Commerce
MARKETS

Foreign Reserves Slip in Emerging Markets, Raising Risks

Platinum Slammed by Supplies, Dollar
TODAY'S VIDEO
Is Nest the Best?
That Was Painless
The new Nest Cam can be your eyes and ears when you aren’t home. Is it better than the rest? WSJ’s Joanna Stern puppy-tested the new 1080p cam. Photo/video: Drew Evans/The Wall Street Journal.
NUMBER OF THE DAY
5%
The average increase in the performance of stock-focused hedge funds this year through the end of May, researcher HFR said, compared with a 3.2% rise for the S&P 500, including dividends. That is the widest lead such hedge-fund managers have had over the S&P to start a year since 2009.
QUOTE OF THE DAY
It breaks your heart...Even though I love my home. I look across the street at abandoned properties. You’re passing empty homes. It makes the community look dead, like a ghetto.
Homeowner Shirley Jones on boarded-up homes with overgrown yards that surround her in Lithonia, Ga. Some economists say lower-income communities have been hit by a confluence of events and factors that have left them stuck in a vicious cycle.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on helicopter siblings? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
On yesterday’s question about the Confederate flag, Steele of Charleston, South Carolina, wrote: “I type this from a seat on a van headed to Columbia to march for flag removal. I am a son of the South and see both sides of the issue. But I read in Paul’s letter to the Romans that, although he believes all food to be ‘clean,’ he urges folks not to eat foods that bring pain to their neighbors. The flag pains many of my neighbors. It’s time to move it to museum.” Liz Guthridge, also weighing in from South Carolina, described the flag as “divisive...not only between whites and African-Americans, but also between those caught up in the past and those focused on the present and future. As a newcomer to Charleston, I respect the state’s history, but I don’t like reliving it with constant reminders of the Civil War. Taking the flag down won’t be easy because it requires a two-thirds vote by both legislative bodies—which is another great example of how those in power have put up roadblocks to deter change.” Ian Black wrote from the U.K. that he wonders “whether the ‘United States of America’ really wants to be united or not or whether the sacrifice to do so is just too great to suffer. It’s difficult to spot the difference between the bigotry of a murderer and that of people who hold dear a piece of cloth that represents so many divides.”
This daily briefing is named "The 10-Point" after the nickname conferred by the editors of The Wall Street Journal on the lead column of the legendary "What's News" digest of top stories. Technically, "10-point" referred to the size of the typeface. The type is smaller now but the name lives on.
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