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

The Wall Street Journal
Good morning,
Top of the Heap
Donald Trump swept to a resounding victory yesterday in the New York Republican presidential primary, while Hillary Clinton also decisively won her home-state, shutting down one of the few remaining chances for rival Sen. Bernie Sanders to slow her march to the Democratic presidential nomination. In an election season in which very little has gone according to expectation, the Empire State did. Mr. Trump cruised home with 60 per cent of the vote and he swept all but a small handful of the state’s 95 delegates. Mrs. Clinton’s win was almost as emphatic as she took more than 57 per cent of votes cast. Last night’s results went a long way to clarify matters on both sides, writes our Washington bureau chief Gerald F. Seib. Next up, voters head to the polls in Pennsylvania, Maryland, Connecticut, Rhode Island and Delaware on Tuesday. Pennsylvania is the big prize, but for Republicans, the state’s delegate-selection process gives the statewide winner only 17 of the state’s 71 delegates.
Unhealthy Exchanges
The nation’s largest health insurer said yesterday that it would pull out of nearly all of the Affordable Care Act’s exchanges, signaling continued instability in the law’s signature marketplaces as they head toward their fourth year. After losses on the exchanges, UnitedHealth will pare its presence from 34 states this year to “only a handful” in 2017. Its departure will reduce the number of options for some consumers, particularly in certain rural and southern regions of the U.S. In some cases, consumers might have only one insurer, unless a new entrant emerges. UnitedHealth’s decision probably doesn’t preview a large-scale run for the exits by major insurers in 2017, but it highlights continued challenges in the industry. The exchange business reflects a small share of UnitedHealth’s overall portfolio, and the company reported better-than-expected earnings for the first quarter.
Stuck in the Middle
On his visit to Riyadh this week, President Barack Obama will seek to advance a foreign-policy agenda that has positioned Washington as a broker between Saudi Arabia and Iran. But within the region, the U.S. is widely seen as a contributor to the increasing friction between the two rivals, fueling a fresh period of regional instability. The White House strategy requires at least some buy-in from highly skeptical Saudi leaders and those of other Persian Gulf states who will be meeting at a summit in Riyadh, even assuming Iran is willing to do its part. One key risk is that the situation could get worse on both fronts if Iran remains intransigent and Saudi Arabia drifts away from the U.S. in disagreement over the approach. Meanwhile, Saudi Arabia’s decision to reject an international plan to limit oil output could push some oil-reliant nations to the brink.
Cubicle Wars
Every office has at least one—the hypercompetitive employee who goes beyond striving for success and turns every endeavor into a competition, whether it is intended to be or not. These adversarial types spark strong reactions in colleagues, from fighting back to shutting down. We report on various strategies for surviving intense office rivalries. The dark side of a hypercompetitor often goes unnoticed by the boss, who sees a results-oriented employee, while colleagues see someone with a win-at-any-cost mind-set and a tendency to ignore the perspectives and decisions of others. Some respond to ultracompetitive colleagues by becoming anxious, causing their performance to suffer, while others prefer to sit out any competition, stifling their own growth. The first step toward dealing with a hypercompetitor is to be aware of your own reactions.
Guiding Lights
That Was Painless
Stunning time-lapse footage shot from the International Space Station show the northern and southern lights—aurora borealis and aurora australis.

Senate Overwhelmingly Passes Bipartisan FAA Bill Without Air-Traffic Control Privatization

In Body-Camera Push, Taser Schools Cities on No-Bid Deals

Taliban Ramp Up Offensive With Kabul Truck Bomb

In Ecuador, Grim Task of Recovery Continues

Yahoo’s Troubles Mount as Bids Begin

Mitsubishi Motors Finds Improprieties in Its Fuel-Economy Tests

Goldman Is Hurt by Opaque Holdings

Visa, Wal-Mart Move to Speed Checkout for Customers With Chip-Enabled Cards
$16.5 billion
The size of Argentina’s bond sale yesterday, the largest emerging-market debt sale on record and more than double the previous highs from governments in developing countries.
When does Goldman say the time has come for transformational change, that we must do something radically different, because we are getting nowhere?
Analyst Richard Bove of Rafferty Capital on Goldman Sachs reporting sharply weaker first quarter results, raising investor fears that there are fundamental problems in the Wall Street money-making machine.
Going back to our story above, what are your thoughts on the New York primary results? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Margaret Rawson
Responding to yesterday’s question on federal prosecutors launching a criminal investigation into Theranos, Ray Ross of Nevada said: “It seems that Theranos wants to do what Microsoft did back when it first got started: promise revolution, but deliver it slowly, working out the kinks as time goes by...Maybe Theranos can show that its ideas can work, it just needs time to work out the kinks, hopefully without hurting anyone.” Rich Irwin of Ohio wrote: “I think an investigation into Theranos is warranted. At the very least, the doctors were relying on what they assumed was reliable data and acted accordingly. This means patients were endangered or supplies were misallocated, or both.” And Chris Rieser of Michigan weighed in: “I think it is long overdue. Theranos has been making scientifically questionable claims about their proprietary Edison device for years, yet have seemingly been ‘Teflon’ to oversight efforts on all sides. After all, this is medical equipment where accurate results are critical.”
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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