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

The Wall Street Journal
Good morning,
Persia’s Promise
The nuclear deal with Iran has potentially paved the way for trading and investment opportunities with the country. On paper, Iran’s allure for businesses is undeniable. But for all the talk of its promise after sanctions are lifted, the country has a long and well-earned reputation for being a difficult place for companies to operate. Beyond sanctions, new entrants face cultural, legal and bureaucratic challenges. Nevertheless, the announcement that world powers reached a nuclear deal with Iran delivered a powerful geopolitical jolt. Critics of the deal say that it enshrines Iran as a state on the verge of a nuclear weapon. Before signing off on the deal, however, Tehran would need to secure Ayatollah Khamenei’s approval—a task that previously has proved difficult.
Great Wall of Scrutiny
A Chinese state-owned company’s proposal to buy chip giant Micron Technology for $23 billion is the latest sign of the country’s growing ambition to push beyond gadgets and become a broad technology superpower. The proposed deal by Tsinghua Unigroup Ltd. is likely to face regulatory hurdles and deep skepticism about the offer price. And Micron can afford to be picky, writes our Heard on the Street writer Dan Gallagher. But the very act of targeting Micron, one of the world’s largest memory-chip makers, shows that China is determined to be a major player not just in assembling electronics, but in owning the key components that power them.
Let A Loan
It’s bank earnings season again. Consumers and businesses are paying back their debts more regularly than they have in more than a decade. Yesterday banking giants J.P. Morgan Chase & Co. and Wells Fargo & Co. both said the percentage of loans they couldn’t collect was close to zero in the second quarter. J.P. Morgan Chief Executive James Dimon even went so far as to call customers’ credit quality “pristine.” Meanwhile, both firms reported earnings yesterday. J.P. Morgan posted an increase of 5.2% in second-quarter profit, while profits slipped at Wells Fargo over the same period. Here’s what to watch for ahead of Bank of America’s earnings call today.
Don’t Bring It Home
The best way to listen to a partner’s work complaints; listen but don’t advise. Our Work & Family columnist Sue Shellenbarger writes about what happens when negative emotions from work spill into home life. Psychologists advise setting limits on time spent complaining; recommendations vary from 5 to 30 minutes. A listening spouse should speak up when feeling overwhelmed or frustrated, notes an expert. Some spouses find themselves in the awkward position of wanting to side with the boss who is angering their mate. But showing empathy doesn’t mean you agree or that you’re obligated to do anything different.
TOP STORIES
U.S.

White House Cuts Growth Forecast for 2015, 2016

Former Harrisburg Mayor Charged with Theft, Bribery
WORLD

Greek Prime Minister Alexis Tsipras Pushes to Keep Political Support

Indians’ Trek Gets China’s Blessing
BUSINESS

La-Z-Boy Adjusts to More Than Recliners

New Oil Players Line Up to Bid on a Piece of Mexico
MARKETS

U.S. Chamber of Commerce Criticizes SEC’s In-House Court

Investors Wary of Swiss Franc Bets After Getting Burned
TODAY'S VIDEO
How to Stop Hating Facebook
That Was Painless
The constant notifications. A cluttered news feed. Ads everywhere. WSJ’s Joanna Stern shows you how to handle your biggest Facebook complaints. Photo/video: Drew Evans/The Wall Street Journal.
NUMBER OF THE DAY
$7.2 billion
The amount that cancer-drug company Celgene said it would pay for Receptos in a bid to move deeper into the multibillion-dollar market for autoimmune disease treatments.
QUOTE OF THE DAY
Many of our allies fear that focusing on proliferation is a huge distraction from what really matters, which is Iran’s regional behavior…The president’s bet is you can link the two once you have a nuclear agreement. But that’s a bet. It’s not a sure thing.
Jon Alterman, a former State Department official, now Middle East analyst at the Center for Strategic and International Studies, on the nuclear deal between Iran and world powers to restrain Tehran’s nuclear program.
TODAY'S QUESTION
Going back to our story above, what should be a spouse’s role when workplace problems arise? Send your comments, which we may edit before publication, to 10point@wsj.com. Please include your name and location.
—Compiled by Khadeeja Safdar
READER RESPONSE
Responding to yesterday’s question about aging, Roy Farrow of Nevada wrote: “The formula is simple. Eat less, exercise more. Genes are genes, the balance is personal responsibility, a phrase not much in fashion, but timeless.” Delia Armendariz of Washington commented: “Whole foods, lots of water, plenty of sleep, and the ability to mitigate stress are the essentials to longevity. And having good genes is a bonus, too.” Patti L. Pearlberg weighed in from Georgia: “Wow, just yesterday I was pondering life and realized that when I was my son’s age (35) my mother was five years younger than I am right now (yes, I turn 60 in a few weeks). It seemed so odd because, like so many people, I don’t feel old, except in those moments where I forget how old I am and do crazy things like falling off the swing set while playing with my 3-year-old grandson. I guess life has a way of reminding us that regardless of how we see ourselves, we are aging; the real point is to take care of yourself and enjoy every minute, even if it hurts.”
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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