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

The Wall Street Journal
Good morning,
Ride Along
Your first autonomous-taxi ride is on its way. General Motors and Lyft within a year will begin testing a fleet of self-driving Chevrolet Bolt electric taxis on public roads, a move central to the companies’ joint efforts to challenge Silicon Valley giants, such as Tesla and Google, in the battle to reshape the auto industry. The plan is being hatched a few months after GM invested $500 million in Lyft, a ride-hailing company whose services rival Uber. The program will rely on technology being acquired as part of GM’s separate $1 billion planned purchase of San Francisco-based Cruise Automation, a developer of autonomous-driving technology. Details of the testing program are still being worked out, but it will include customers in a yet-to-be disclosed city. Customers will have the opportunity to opt in or out of the pilot when hailing a Lyft car from the company’s mobile app.
The Trump Challenge
It will be a while before the Republican Party is reconciled with Donald Trump. In the latest and most dramatic sign of the challenge Mr. Trump faces in uniting the GOP behind his candidacy, House Speaker Paul Ryan said yesterday that he couldn’t yet lend his support to the party’s presumptive nominee. Mr. Trump responded in kind, illustrating the wide gulf, both in policy and personality, between the party’s two most important leaders. Mr. Ryan, who will be chairman of the Republican national convention in July in Cleveland, is the highest-profile current elected official to join the list of Republicans who have declined to close ranks around Mr. Trump in the days since the field cleared. Though some GOP leaders, such as Nebraska Gov. Pete Ricketts and former Texas Gov. Rick Perry have endorsed Mr. Trump, others worry that he could damage the election prospects of the party’s congressional candidates. Meanwhile, the New York businessman’s effort to choose a vice president also may provoke the ire of conservatives in the party.
Rising Tide
The growing push to raise the minimum wage to as much as $15 per hour is creating new issues in the workplace: While some of America’s lowest-paid workers will get fatter paychecks, their veteran colleagues may feel underpaid. So-called wage compression poses a financial and management challenge for employers. Some companies have raised pay for veteran workers, and others plan to offer extra fringe benefits, fearing that valuable workers might otherwise jump ship. Workers are keenly sensitive about how their compensation relates to that of others: research shows that people derive more happiness from pay when they know they’re earning more than co-workers. Meanwhile, though labor-force participation is still low by historical standards, monthly job gains have been steady for much of the past three years.
Born to Not Run
The running boom is over, and you might blame millennials. A sport traditionally dominated by young adults, running is losing its hold on 18- to 34-year-olds. After two decades of furious growth in footrace participants, the number of finishers dropped 9% in 2015. Of course, most runners don’t compete in races, but the larger pool of noncompetitive runners also is shrinking. But millennials aren’t sedentary. Rather, they’re fueling the proliferation of studios that specialize in everything from cycling, CrossFit and boxing to ballet barre workouts, boot camp and weight training. Millennials grew up in an era of de-emphasized athletic competition and instead have driven the success of untimed events. Meanwhile, the end of the running boom bears implications for a massive industry. Commercially, running is the largest U.S. athletic footwear category by retail sale.
TODAY'S VIDEO
Oil Sands Aflame
That Was Painless
Forest fires continued to rage in Canada’s oil-rich province of Alberta yesterday as a mandatory evacuation order for areas near the hub of the country’s oil-sands industry widened and key transportation routes remained closed.
TOP STORIES
U.S.

Lawmakers Criticize Medicare Plan for Costly Drugs

North Carolina Lawmakers Stand Firm on Bathroom Law
WORLD

Turkish President Poised to Tighten Grip as Premier Ahmet Davutoglu Exits

Foes of Iraqi Leader Struggle to Agree on Alternative
BUSINESS

Knockoffs of Biotech Drugs Bring Paltry Savings

FDA to Regulate E-Cigarettes, Ban Sales to Minors
MARKETS

Banks Skewer Proposal Limiting Arbitration

U.S. Firms Expected to Issue More Debt in Europe, With ECB as Buyer
NUMBER OF THE DAY
$182.2 million
The value of Ford Motor’s investment in Pivotal Software, a closely held software-development tools and services company, in another sign of the automotive industry’s drive to beef up its software skills.
QUOTE OF THE DAY
My wife begs me almost each day to leave the mountains...She keeps asking me: ‘Why are you still fighting?’
Ali Othman, 26 years old, on the agonizing choice he faces along with other rebels in Syria: accept a settlement with a regime they revile or fight alongside al Qaeda’s Islamist allies.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on wage compression? 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 health insurers proposing premium increases, Marc Reichel of South Carolina wrote: “As a mandate to cover as many lives possible including those in poor health, why would it surprise anyone that in the end the Affordable Care Act would be a costly endeavor to the American taxpayer? As a physician specialist who has provided care for over 20 years for all types of patients, a well known caveat is that those who suffer from chronic and severe ill health, which comprise the minority of patients, consume the majority of heath resources available.” Diane Brighton of California commented: “Without tackling the middlemen of the insurance companies and the power of the drug companies, any new health care system is doomed to fail.” Marc C. Hochberg of Maryland opined: “The more economical alternative would be single payer national health insurance provided by the federal government, similar to Medicare. This would be supported by tax revenues from a progressive tax system.” But Hoagland of Virginia said: “Combining a for-profit system with government mandates is a recipe for disaster and that appears to be happening right before our eyes.”
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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