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

The Wall Street Journal
Good morning,
The Final Countdown
Donald Trump, Hillary Clinton and their surrogates fanned out across the battleground states on Thursday with the same mission: to energize and turn out their voters in the presidential election. The intensity of the final push in the campaign reflects a tightening in the national and battleground-state polls. While such movement is typical at the end of a presidential campaign, both sides see a shot at victory—if they can get their voters to show up. We examine how the turnout battle in Ohio illustrates the ferocious competition between the two party’s ground games. Meanwhile, new WSJ/NBC/Marist polls find Mr. Trump holds leads in Arizona and Texas, two Republican strongholds where Democrats have hoped to gain an edge from fast-growing Hispanic populations, while he and Mrs. Clinton are in a dead heat in Georgia.
The Brexit Blocker
A U.K. High Court’s decision that Prime Minister Theresa May can’t trigger Article 50 without the approval of Parliament offers a potential opening to lawmakers to disrupt her Brexit plans and steer the country toward a “soft” exit that maintains stronger ties to the European Union and a more-open immigration policy. The government said it would appeal the verdict to the Supreme Court, which would hear the case in early December, under a predetermined timetable. If the ruling is upheld, lawmakers could delay the breakup process or even halt it. The ruling introduces new uncertainty in the process on a day when the Bank of England, explaining why a further cut in interest rates looked less likely, said it expected Brexit to weigh less heavily on the economy next year than thought. The decision also further clouds the horizon for big U.K. and European corporations. You can follow developments on Brexit every day by signing up for our Brexit & Beyond newsletter.
Bitter Pill
Federal prosecutors, after a lengthy probe, are nearing possible criminal charges for price-collusion in the generic-drug industry. The U.S. Justice Department could begin to bring cases before the end of the year. The specific companies that are a focus of the investigation weren’t immediately known. However, the Justice Department has sent subpoenas to several manufacturers of generic drugs and to some individual executives, seeking information about product pricing and “communications with competitors.” Those companies include Teva, Mylan, Dr. Reddy’s Laboratories, Taro, Endo and Actavis, which Allergan recently sold to Teva. The developments sent shares of generic drugmakers tumbling. In a separate probe, a group of state attorneys general are investigating generic-drug companies for price-fixing. And as criticism mounts, the pharmaceutical industry is spending millions of dollars to fight groups advocating lower drug costs.
The Innovators
Now in its sixth year, the WSJ Magazine Innovators issue—on newsstands this weekend—profiles today’s most forward-thinking luminaries from across the culture. Our cover star is Abel Tesfaye, the triple-platinum Grammy-winning R&B artist better known as The Weeknd, whose latest album “Starboy” is already topping the charts. We also feature Tom Ford, the fashion-industry titan who launched a second act as a filmmaker, and Melinda Gates, who is shaping the legacy of the world’s largest private foundation. Artist Ai Weiwei, set designer Es Devlin, architectural firm Snøhetta and the chef-restaurateur duo of Daniel Humm and Will Guidara round out the list of this year’s innovators. Elsewhere in the issue, we offer a day in the life of AngelList co-founder Naval Ravikant; an inside look at designer James Ramsey’s plan for a subterranean Manhattan park; and a roundup of the power investors behind New York City’s cutting-edge fashion and beauty companies.
TODAY'S VIDEO
The New Silicon Cities
That Was Painless
Tech jobs are multiplying in small towns across America, attracting executives and entrepreneurs drawn to lower living costs, natural beauty and a slower pace of life.
TOP STORIES
U.S.

U.S. Productivity Jumped in Third Quarter, Trend Remains Soft

Home Builders Say Federal Loan Limits Shut Out Many Buyers
WORLD

Turkey’s Crackdown Sweeps Through Business and Finance, Imperiling the Economy

Mosul Residents Flee as Iraqis Plan Advance on Islamic State
BUSINESS

Volkswagen Seeks to Break Impasse Over Restructuring Plans

Can Fracking Bans Succeed in Oil and Gas Country? All Eyes Are on Monterey
MARKETS

The Barred Brokers in Our Midst

Family Feud at Louis Dreyfus, One of the World’s Largest Commodity Traders, Spills Into Court
NUMBER OF THE DAY
2.9%
The drop in the S&P 500 since Oct. 25. The index’s 8-day slide is its longest stretch of declines since the financial crisis, as investors dialed back on risk in the run-up to next week’s U.S. presidential election.
QUOTE OF THE DAY
No one wants to see a diet Twinkie.
Bill Toler, chief executive of Hostess Brands, which was bought out of liquidation in 2013, on the key to the 86-year-old company’s revival: honoring the famous pale-yellow calorie tube with cream-like filling.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on federal prosecutors nearing possible criminal charges for price-collusion in the generic-drug industry? 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 Mr. Trump’s business entanglements, Jay Davidson of Colorado said: “All people have ‘entanglements.’ It’s part and parcel with living a successful life. The real issue is whether that person will allow his or her entanglements to influence a decision that is not in the best interest of our country. So the question comes down to integrity: which candidate is more likely to act ethically?” Paul Kahle of California commented: “As with all things Trump, one must compare this to Mrs. Clinton’s entanglements and judge which are the more injurious to our nation’s future. I judge his far less harmful, especially if we are, as appears to be the case, seeking a president that is not part of the inside-the-Beltway cronyism that exemplifies most candidates, including Mrs. Clinton. With that change we must accept a candidate that has some rough edges, success in the rough and tumble of the private sector and little regard for political correctness.” Bob Harris of New Jersey weighed in: “The question is...do you prefer the devil you know or the devil you don’t? With Mrs. Clinton it’s all out there (we think). With Mr. Trump, it’s a complete wild card since he won’t disclose his tax returns.” And Mike Edelmuth of Tennessee wrote: “Mr. Trump has a more than adequate team in place to run his businesses, especially with his children at the helm!”

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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