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

The Wall Street Journal
Good morning,
Terror in Nice
A truck driver barreled through Bastille Day revelers thronging the famed seaside promenade in the French city of Nice on Thursday, killing at least 84 people and sending a terror-scarred nation reeling again. French President François Hollande said the attack had undeniable traits of terrorism. Witnesses said the driver steered the truck into the crowd deliberately, maintaining speed as he ripped through the revelers for more than a mile. The rampage ended in a hail of police bullets that killed the driver, bringing the truck to a halt. The truck driver fired shots on the crowd as he drove, and police searching the truck found it was loaded with arms and grenades. France’s antiterrorism prosecutor in Paris opened an investigation into whether the attack was linked to terrorism and investigators were probing to see if the assailant, a 31-year-old Frenchman of Tunisian descent, had accomplices.
Hoosier Veepstakes
According to senior Republicans close to the process, Donald Trump has chosen Indiana Gov. Mike Pence to be his vice-presidential running mate. Mr. Trump was scheduled to announce his choice Friday morning in New York but tweeted Thursday night that he would postpone it in light of the attack in Nice. The selection of the conventionally qualified, low-key Mr. Pence would mark a cautious choice by Mr. Trump, given his deep conservative roots and strong ties to Congress. Some measure of suspense about Mr. Pence’s selection lingered, but if Mr. Trump doesn’t announce him, it would be the biggest bombshell in a campaign pockmarked with them. Meanwhile, a Republican Party panel rejected moves to allow convention delegates bound to Mr. Trump to vote for someone else, appearing to doom the effort to unseat him as the party’s nominee.
Pricing Power
Pharmaceutical companies’ power to raise prices is firmly intact despite pushback from health insurers, scrutiny by U.S. lawmakers and anxiety about rising prescription drug spending. More than two-thirds of the 20 largest pharmaceutical companies said price increases boosted sales of some or most of their biggest ​products in the first quarter, according to our review of corporate filings and conference-call transcripts. Shares of many drugmakers have slumped this year, partly because of investors’ concerns that Congress could implement new price controls, or that public scrutiny would cause companies to voluntarily ease price increases. So far, however, Congress has shown little willingness to address the issue, and many drugmakers have continued to raise prices. The upshot is that in a period of low inflation and sluggish economic growth, drugmakers’ power to raise prices still exceeds most other industries.
The Boy Who Lived Again
Harry Potter’s second act has arrived. Nine years after J.K. Rowling published the seventh and final novel in her series—and five years after the release of the final film—the author is once again whipping Pottermania into a frenzy with “Harry Potter and the Cursed Child,” a play that opens in London on July 30 and goes on sale in bookstores around the world the next morning, and “Fantastic Beasts and Where To Find Them,” a new movie spinoff coming this November. With the rollout of the new work, publishers, retailers and fans are preparing for an explosion of all things Harry Potter reminiscent of the series’ heyday more than decade ago. Behind it all, Ms. Rowling is waving her magic wand. The 50-year-old British author has famously retained control of much of her material.
TODAY'S VIDEO
Playing White House
That Was Painless
The 2016 U.S. presidential campaign has often seemed stranger than fiction. On the eve of the national conventions, we rank 44 fictitious presidents from movies and TV.
TOP STORIES
U.S.

Polls Find Clinton Leading in 4 Key Swing States

Justice Ruth Bader Ginsburg Says She Regrets Criticizing Donald Trump
WORLD

Kerry, Putin Aim to Preserve Syria Cease-Fire, Coordinate Efforts

U.S. Compromises Won Turkey’s Backing for Kurdish-Led Offensive
BUSINESS

Samsung’s Ambitious Foray Into Mining Backfires

Microsoft Wins Appeals Ruling on Data Searches
MARKETS

J.P. Morgan Posts Stronger-Than-Expected Results on Trading Surge

Hedge Fund That Bet on Terror Lawsuit Is Accused of Fraud by SEC
NUMBER OF THE DAY
$61.6 billion
BP’s ultimate costs from the deadly 2010 Gulf of Mexico oil spill, as the British oil giant said it would book an additional $5.2 billion pretax charge in its second quarter.
QUOTE OF THE DAY
There’s a push from the top that says ‘get ’em done.
A doctor who conducted medical examinations for veterans’ disability until January said her supervisor told her “just put down a sentence” on her cases to work through them more quickly. Fiercely criticized in recent years for slow and shoddy work, the Department of Veterans Affairs has reacted by expanding coverage and speeding up claims processing, risking overpayments.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the power of pharmaceutical companies to raise prices? 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 Justice Ruth Bader Ginsburg’s comments about Mr. Trump, Stephanie Campbell of Washington, D.C., wrote: “If our candidates are going to talk openly about appointing pro-this or anti-that judges, they can’t act surprised when judges like Justice Ginsburg openly express political views.” And Oleson of Hawaii said: “I think the First Amendment applies to Justice Ginsburg as well as to all Americans.” But Craig Lazzara of Connecticut weighed in: “Inexcusable. In exchange for lifetime judicial tenure, you give up your right to be overtly involved in politics. Imagine the screams from the left if Justice Alito or Justice Thomas gave a comparable interview about Hillary Clinton or President Obama.” Jeff Templeton of Pennsylvania opined: “It is a terrible precedent. She should resign.” And Donna May of California shared: “I think Justice Ginsburg needs to look over her job description again.”
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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