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

The Wall Street Journal
Good morning from the second day of the Democratic National Convention in Philadelphia,
Church Attack
A priest was killed and another hostage was seriously wounded in an attack on a church in the town of Saint Etienne du Rouvray in Northern France on Tuesday, police said. Police killed two attackers after they took five hostages including the priest, a spokesman for the interior minister said. The assault is being treated as a terror attack by investigators. The attack comes less than two weeks after the killing of 84 people on France’s Bastille day holiday in Nice on the French Riviera.


Heal the Bern
Leaders of the Democratic Party’s progressive wing worked to unify a party divided after a day of turmoil, with Sen. Bernie Sanders leading the effort to rally support for Hillary Clinton’s presidential candidacy amid a revolt from his own backers. Mr. Sanders delivered an unequivocal endorsement of his former primary rival on the opening night of the DNC, a vital step in unifying a party still reeling from a protracted primary and the release of hacked Democratic National Committee emails that showed officials proposing ways to undermine the Vermont senator’s presidential bid. The hack prompted Democratic allegations of involvement by the Russian government. Meanwhile, First Lady Michelle Obama also made the case for party unity with an impassioned endorsement of Mrs. Clinton, as Democrats only partly resisted the temptation to make the week about voting against Donald Trump.
The Yahoo Riddle
Verizon’s planned $4.83 billion acquisition of Yahoo represents a bet that the troubled web portal will give the largest U.S. wireless carrier a leg up in expanding its audience as it diversifies away from being a telephone and internet provider. The transaction would help Verizon achieve its goal of increasing its global audience to two billion users and $20 billion revenue by 2020 by marrying Yahoo’s content and its one billion monthly active users with Verizon’s 110 million customers. But Verizon must digest a company that several experienced executives were unable to fix. We chronicle how Yahoo struggled to find its footing after early success on the internet, while Google triumphed with a consistent management team that focused relentlessly on technology serving its massive online-advertising business.
Platinum Probe
Platinum Partners, a New York hedge-fund firm facing a probe into alleged bribery, is under investigation into whether it has been paying exiting investors with money from incoming ones. Two sets of federal prosecutors as well as securities regulators are now delving into Platinum’s operations, calling into question the firm’s fundraising inside a close-knit world of observant Jewish businesspeople in New York, Florida and Israel. The $1.25 billion hedge-fund firm recorded some of the most impressive numbers in the industry, with double-digit average annual returns for more than a decade, but it is now liquidating. Beginning around 2012, with some investors wanting their money back, Platinum began borrowing hundreds of millions of dollars, some of it at double-digit interest rates. Our account of the firm’s affairs is based on audits and other documents and interviews with more than a dozen current and former investors and employees.
Legal Lift
The banned-substances list grows longer for elite athletes, but one performance-enhancing substance remains curiously legal: caffeine. Long used by triathletes and marathoners as a pick-me-up, caffeine is showing benefits even in short-burst and team sports such as jujitsu, sprint swimming and rugby. Recent research suggests that even small doses of caffeine, equivalent to what’s in a “tall” Starbucks coffee, can improve athletic performance, conferring a 1% to 2% benefit. That won’t turn a couch potato into a world-record holder, but it is significant when competitive margins are seconds or fractions of a second. The number of caffeine-infused sports products, from gum to freeze-dried coffee, has grown. Meanwhile, in other health news, a new study is believed to show that one particular type of mental exercise, speed training, may succeed at doing what nothing else has before: putting off dementia.
Knife Attack
That Was Painless
At least 19 people were killed and more than 20 were injured in a knife attack at a facility for the disabled early Tuesday morning near Tokyo, in one of the worst mass attacks in Japan in recent decades.

EPA Advances Plans to Limit Carbon Emissions from Aircraft

Colleges Nudge Students to Graduate Within Four Years

ISIS Suicide Bombing Sets Germany on Edge

France Denies Trying to Suppress Evidence in Nice Attack Probe

AB InBev Raises Offer for SABMiller

Apple Taps Bob Mansfield to Oversee Car Project

Fed Readies Enforcement Action Against Goldman Sachs in Theft of Secrets

Paging Doctor Copper: Metal Wins Fans in Health Care
Estimated twenty-year annualized returns for public pensions in the U.S. once fiscal 2016 results are released in coming weeks, in what would be the lowest-ever annual mark recorded by Wilshire Trust Universe Comparison Service, which began tracking the statistic 16 years ago.
It feels strange people would want to make a joke on their professional profile.
LinkedIn spokeswoman Julie Inouye on users “endorsement bombing” one another with fake skills such as “hugs,” “brownies” and “chairs.”
Going back to our story above, what are your thoughts on Verizon’s planned acquisition of Yahoo? 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 Debbie Wasserman Schultz’s resignation as DNC chairwoman, Cole Aston of Missouri wrote: “She’s just a scapegoat. The corruption runs deep in the Democratic Party. Supporters, especially Mr. Sanders’s, should be absolutely livid with the DNC right now, yet they will decide to rally around Mrs. Clinton and pretend that she had no idea about any of this.” Patrick J. Vuchetich of Kansas commented: “I cursed WikiLeaks years ago, but now I see it as necessary. The action of the DNC executives is appalling. Whether Republican or Democrat, the level of hubris of politicians overflows our capitols. The silent majority needs to take back our governments. The time is ripe for a third party.” And Gordon E. Finley of Florida shared: “As a donor to Mr. Sanders’s campaign, I want my money back. Mrs. Clinton stole--but did not win--the primaries. Let thousands of lawsuits bloom!”
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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