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

The Wall Street Journal
Good morning,
Clean Sweep
Donald Trump trounced his rivals up and down the Eastern Seaboard yesterday, winning five Republican presidential primaries and providing a shot of adrenaline to the home stretch of a campaign he has dominated from the start. Mr. Trump was declared the winner in Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island, a rout that leaves him close to having an insurmountable lead in his quest for the 1,237 delegates needed to nail down the GOP nomination. Still, he will have to fight through a series of potentially less-friendly states in May, beginning next week in Indiana. In the Democratic race, Hillary Clinton won in Maryland, Pennsylvania, Delaware and Connecticut, while Sen. Bernie Sanders, who has shown little sign he is ready to step aside, pulled off a win in Rhode Island.
Apple Slips
Apple posted its first quarterly decline in revenue in 13 years yesterday, ending a historically great run for the world’s most valuable company and stoking questions about whether its best days are behind it. The slowdown reflects the challenges facing CEO Tim Cook. Sales of iPhones are slowing, the iPad has slumped for more than two years, and the Apple Watch is still in its early days. Meanwhile, the FBI doesn’t plan to tell Apple how it cracked a San Bernardino, Calif., terrorist’s phone, leaving the company in the dark on a security vulnerability on some iPhone models. Apple’s stumble adds to the tech industry’s recent earnings malaise, with Twitter, Microsoft, Netflix, Alphabet, Intel and IBM all disappointing. Facebook, with results due today, may be the one company to buck the trend.
Getting Animated
Comcast is in talks to buy DreamWorks Animation for more than $3 billion, in a deal that could make the cable giant a rival to Walt Disney in the lucrative family-entertainment business. Comcast’s Universal Pictures studio has enjoyed success in recent years but is still a relatively small player. Its parent company has been moving aggressively to mimic Disney by using its animation properties to build out its consumer products and theme parks businesses, a strategy that could be accelerated by the addition of DreamWorks. The tentative purchase price represents a healthy premium over the animation business’s current $2.3 billion market value. It wasn’t immediately clear what the deal will mean for DreamWorks’ chief executive, veteran Hollywood mogul Jeffrey Katzenberg, who might struggle to find a role at the studio.
From the Ashes of Disaster
Everyone has had a week when nothing goes right. You put your foot in your mouth at a meeting and drop your phone in a puddle. You can’t fend off all bad luck, but research shows changing how you react to misfortune can have a very powerful effect. There is always a probability that several bad things will happen at once, but many people have a tendency to see cause-and-effect relationships where there are none. Instead, people who see themselves as lucky engage in counterfactual thinking: They imagine worse things that might have happened but didn’t, and feel grateful. Research has also found that thinking about cherished values can allay stress and improve performance on challenging tasks. Even knocking on wood or wearing a good-luck talisman can help you reverse the momentum.
TODAY'S VIDEO
Live From Your Couch
That Was Painless
Want to try Facebook’s new live video features? Personal Technology columnist Joanna Stern has the scoop on what you should and shouldn’t do when your life is on the air.
TOP STORIES
U.S.

Business Spending Points to Soft Growth

A Battle Brews Over Nurse Licensing in the Digital Age
WORLD

U.S., Turkey Step Up Border Campaign Against Islamic State

South Korea Shifts Tone on North
BUSINESS

BP Results Still Hurt by Gulf of Mexico Spill

FTC Extends Probe Into Google’s Android
MARKETS

Investors Snap Up U.K. Debt as ‘Brexit’ Fears Ease

SEC to Withdraw Order Granting Steven Rattner’s Return to Wall Street
NUMBER OF THE DAY
$60 billion
The value of Ant Financial, the operator of China’s answer to PayPal, after the financial affiliate of Chinese e-commerce giant Alibaba tapped state lenders and financial firms for most of its record-breaking $4.5 billion funding round.
QUOTE OF THE DAY
We’re seeing an increase in the desertion rates of [Islamic State] fighters…We’re seeing a fracture in their morale.
U.S. Air Force Maj. Gen. E. Gersten, a top commander in the U.S.-led campaign against Islamic State, on how progress by coalition forces is driving out some combatants. Gen. Gersten added that the number of foreign fighters arriving in Iraq and Syria to join the terror group has declined to about 200 a month from as many as 2,000 a month a year ago.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on yesterday’s primary results? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Margaret Rawson
READER RESPONSE
Responding to yesterday’s question on Chinese President Xi Jinping restructuring his country’s armed forces, Penelope Freimark of New Jersey wrote: “In one word…frightening.” Jan Rogers Kniffen of Connecticut shared: “As a former Air Force officer, China’s move with its military comes as no surprise to me. China is a rising superpower…They seem to intend to be what the United States is, a superpower that can project power on a moment’s notice anywhere in the world where its interests or allies are threatened.” Bill Schwartz of Florida commented: “The old adage is ‘a man does not build a bicycle unless he intends to ride it.’ Equally, China is not building its military as a hobby. We need to take note of early warning.” And Hector Rosekrans of New York said: “I am very worried about how Korea and Japan will respond…The U.S. Navy’s dominance of the Pacific has allowed East Asia to pay more attention to commerce than security for decades. With deep historical animosity on top of simmering modern disputes, the Pacific Rim is unlikely to trust China in the role of local hegemon. Reassuring our allies, by seriously reinvesting in our military capabilities, is the only way to hold off an arms race or worse.”
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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