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

The Wall Street Journal
Good morning,
All in the Family
If Hillary Clinton is elected in November, the Clinton family plans to scale back the Clinton Foundation, turning over operations to independent parties. Former President Bill Clinton and his daughter, Chelsea, would stop raising money for the foundation and discontinue after this year one of the foundation’s signature events, the Clinton Global Initiative. The foundation would also no longer accept foreign and corporate donations if Mrs. Clinton were elected. The planned changes are an attempt to insulate Mrs. Clinton from perceptions that Clinton Foundation donors could benefit from her administration’s official actions. Even a scaled-down foundation would mark an unprecedented turn in politics, given what would be the organization’s close identification with the White House. Meanwhile, we report that the pace of fundraising is set to accelerate for both the Clinton and Trump campaigns.
Redstone’s Revenge
The long and messy struggle for power in Sumner Redstone’s media empire is nearing a conclusion. Viacom Chief Executive Philippe Dauman would relinquish his position as part of a settlement the company is completing with Mr. Redstone’s National Amusements, a deal that would end a leadership crisis that has engulfed the media giant. Under terms of the deal being negotiated, the two sides would cease litigation over control of Viacom and National Amusements, through which the 93-year-old Mr. Redstone owns a nearly 80% voting stake in the media company. Viacom Chief Operating Officer Tom Dooley would be named interim CEO through September under the deal and is a top candidate for the permanent CEO job. A settlement would complete the ascent of Mr. Redstone’s daughter Shari Redstone, a Viacom director and National Amusements president.
The Guns of August
Russia is bolstering its military presence on its western border, sending tens of thousands of soldiers to newly built installations within easy striking distance of Ukraine. The moves, which come as Moscow ratchets up confrontation over the Black Sea peninsula of Crimea, are a centerpiece of a new military strategy the Kremlin says is meant to counter perceived threats from NATO. Military analysts say the deployments appear to be an effort to build a more permanent and robust military posture around Ukraine, where Russia has carried out covert military interventions aimed at maintaining influence in its West-leaning neighbor. U.S. military officials said they haven’t detected signs of an immediate threat, but the buildup on Ukraine’s frontier represents a significant shift. For years, it was viewed by Moscow as little more than an administrative boundary.
Swimming into trouble
The Olympic flame will be extinguished on Sunday, but the end of the Rio Games risks being overshadowed by U.S. star swimmer Ryan Lochte’s now-discredited account of being robbed at gunpoint with three of his teammates. The Rio police, Mr. Lochte’s teammates and the U.S. Olympic Committee broke from his narrative on Thursday night. Mr. Lochte, who returned to the U.S. earlier this week, is expected to respond today. The head of Rio’s state investigative police said at least one of the four gold-medal swimmers damaged property in the restroom of a gas-station, where armed security guards—at least one of whom had drawn a gun—kept the group until they paid about $50. Meanwhile, we highlight what to watch during the final weekend of competition, with fierce rivalries in men’s soccer, track and field, women’s volleyball and men’s basketball.
TODAY'S VIDEO
The Human Cost of War
That Was Painless
Footage of five-year-old Omran Daqneesh being rescued from rubble following an airstrike in Aleppo, Syria, was widely shared on social media after the video was released late Wednesday.
TOP STORIES
U.S.

The King of ‘Political Intelligence’ Faces a Reckoning

Justice Department Says It Will Stop Using Private Prisons
WORLD

Syrian Airstrikes Hit Kurdish-Arab Forces Fighting Islamic State

Hezbollah’s Conundrum: Fighting Other Jihadists, Not Israel
BUSINESS

Uber to Put 100 Autonomous Volvo SUVs on Road in Pittsburgh

Wal-Mart Store Overhauls Help Boost Sales
MARKETS

Citigroup’s Last Proprietary Trader Walks Out the Door

Watch Out, Retirement Savers, Your Choices Are Poised to Shrink
NUMBER OF THE DAY
38%
Dividend payouts at S&P 500 companies for the past 12 months as a percentage of net income over the period, the most since February 2009. Record-low bond yields have put a premium on dividends.
QUOTE OF THE DAY
If you’re asking me was there a connection in that regard, at the endgame, I’m not going to deny that.
State Department spokesman John Kirby acknowledged for the first time that a $400 million cash payment to Iran in January was used as “leverage” to gain the release of American prisoners, fueling criticism that the exchange amounted to the U.S. paying ransom.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Russia bolstering its military presence on its western border? 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 Aetna’s pullback from the Affordable Care Act health-insurance exchanges, Vikas Deshmukh of Texas wrote: “Like the rats leaving a sinking ship, Aetna is trying to stay away from the unworkable behemoth that health insurers themselves helped to create. But the way they are arm-twisting this administration makes one wonder, what do they know about Obamacare which has added muscle power to their strong arming strategy?” John E. Sutton of California weighed in: “Government-run or government-controlled insurance is not insurance at all. In that model, pricing for profit gets lost in the quest by politicians and government bureaucrats to achieve political ends. Insurance companies that try to work in that kind of market inevitably end up losing money, and taxpayers eventually get the bill.” And Charles Fertig of Kansas commented: “The coercion Aetna promised, and apparently is acting on, makes a strong case for nationalizing health care.
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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