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

The Wall Street Journal
Good morning,
Trump Target
President-elect Donald Trump, escalating his carrot-and-stick approach to the nation’s manufacturing sector on Tuesday, called for the cancellation of Boeing’s work on a new version of Air Force One, asserting that the company was trying to rip off taxpayers. Using Twitter, Mr. Trump said the cost for new planes for future presidents was “more than $4 billion.” While the White House and others pushed back on the estimate used by Mr. Trump, defense experts said it was too early to identify the final tally until the Pentagon, the White House and the Secret Service had decided what equipment to install. Mr. Trump’s broadside was the latest example of his unusually aggressive style and personal intervention in corporate decision-making that has caught the attention of numerous executives around the country looking for clues about how he will govern.


The Insider
The Supreme Court handed the government a significant win Tuesday in its pursuit of insider trading, ruling that prosecutors in such cases don’t always have to show that something valuable changed hands to prove a crime was committed. The unanimous opinion restores some of the power the government lost in a 2014 federal court case. That two-year-old decision had cast doubt on just what constituted insider trading and forced law-enforcement officials to drop a number of high-profile cases, including several against associates of hedge-fund billionaire Steven A. Cohen. Tuesday’s decision, that proving a tipster and trader are related is enough to bring a case, gives prosecutors more ammunition to file charges and could open the door to more cases moving forward.
The Innovation Paradox
By all appearances, we’re in a golden age of innovation. Every month sees new advances in artificial intelligence, gene therapy, robotics and software apps. Research and development as a share of gross domestic product is near an all-time high. But none of this has translated into meaningful advances in Americans’ standard of living. Our “Innovation Paradox” series explores the forces at play, from increased regulatory hurdles to greater risk-aversion. We examine why Silicon Valley giants often stumble in the world beyond software and how Big Pharma has had to re-engineer how it finds treatments. We also report that businesses and governments alike are turning the search for innovative ideas into prize-worthy puzzles. Beijing, meanwhile, is spending billions on moonshot projects. View the complete series and our interviews with pioneers in science, medicine and technology here.
Grown-Up Fun
While digital disruption is wreaking havoc with most of the publishing industry, children’s book sales generally have been on the rise, buoyed by the success of young-adult fiction and board books with tactile charms e-readers can’t match. Workman Publishing has focused on creating books that can only exist as physical objects, a strategy that has led to an expanded children’s division serving as an in-house idea factory for adults, too. The company’s “Paint by Sticker” books began as an idea for children but quickly morphed into something more, fueled by the boom in adult coloring books. The adult editions are positioned as meditative exercises that encourage creative flow. We go behind the scenes to see how the books are produced.
Remembering Pearl Harbor
That Was Painless
We look back at the surprise attack by the Japanese on Pearl Harbor on Dec. 7, 1941. More than 100 Pearl Harbor survivors have converged on Hawaii to attend the 75th anniversary commemoration this week, including one veteran making the trek from Maine to return for the first time since 1941.

Rex Tillerson, a Candidate for Secretary of State, Has Ties to Vladimir Putin

Donald Trump Faces Pressure on How to Handle Young Immigrants

Europe’s Left Loses Further Ground With Matteo Renzi’s Resignation

Germany’s Merkel Pushes to Ban Full Facial Veil

Ad Agencies Probed Over Contracts to Produce Commercials

Fast Fashion: How a Zara Coat Went From Design to Fifth Avenue in 25 Days

EU Fines J.P. Morgan, HSBC and Crédit Agricole $520 Million for Collusion

MetWest Surpasses Pimco as Largest Active Bond Fund Manager
$10 billion
The approximate value of Blackstone Group’s bet on foreclosed homes following the housing crisis. The firm purchased repossessed properties and maintained a sprawling portfolio of rental homes. Four years and roughly 50,000 homes later, it will find out soon if the gambit paid off.
This is the land of our fathers, we have to defend it.
Capt. Mubarak Tuwaya on leading a Baghdad-backed militia made up largely of members of Iraq’s Assyrian Christian minority that is helping to secure the community’s ancestral land near Islamic State’s Mosul stronghold.
Going back to our story above, what are your thoughts on our “innovation pardox” series? 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 Mr. Trump’s phone call with the president of Taiwan, Thomas Moeller of Texas said: “Very refreshing news. Finally a leader who acts openly with the friendly and democratic republic of Taiwan. I didn’t like Mr. Trump, but I am changing my mind.” Jim Mhyre of Washington wrote: “Mr. Trump makes his opening gambit to realign Sino-American relations. We will see how his vaunted negotiating skills play out managing risk and reward on the international stage. Will the ride be rewarding or discouraging? At least it will be interesting.” Hoagland of Virginia commented: “It is hard to tell whether Mr. Trump intended to shake things up or if it was an ignorant mistake. If it was the former, he has no business doing that as president-elect. Either way, he is reckless.” And Jay Campbell of South Carolina weighed in: “If 10 minutes on the phone between Trump Tower and Taipei results in 10 constructive seconds of conversation between Beijing and Pyongyang, then it is time well spent.”

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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