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

The Wall Street Journal
Good morning,
Tax Relief
The White House and congressional leaders are working on an overhaul of how the U.S. taxes its firms overseas. Republicans and Democrats appear open to accommodating each other’s priorities, which could make the path to a deal smoother. Topics being discussed include whether to eliminate the U.S. system of taxing companies on their world-wide income, what safeguards to adopt to prevent future abuses and whether to provide special tax treatment for intellectual property. As part of a compromise, a tax overhaul could be coupled with a boost in highway funding, a priority for the Obama administration and Democrats.
The Iran Trade
Western companies that are eager to take advantage of the new deal with Iran face a host of challenges. Oil firms are likely to find tough competition in the country. Another big obstacle: Iran’s Revolutionary Guard Corps, which the U.S. accuses of involvement in terrorism overseas and human-rights abuses. Also as part of last week’s agreement, the Obama administration and the European Union will lift sanctions over eight years on a network of Iranian scientists, military officers and companies long suspected of being central players in a covert nuclear weapons program. Meanwhile, Israeli Prime Minister Benjamin Netanyahu bluntly voiced his objections to the nuclear deal during a meeting with visiting U.S. Defense Secretary Ash Carter, making clear he has no intention of backing away from a fight with his country’s most important ally.
Medicare Malpractice
A new report cites shortfalls in the Medicare screening process for doctors. According to a congressional probe of the program, thousands of medical providers signed up to bill Medicare using questionable addresses, and dozens of doctors enrolled despite disciplinary actions by state medical boards that may make them ineligible to bill the program. The Government Accountability Office posted the report online after The Wall Street Journal reported the findings. A Page One article in the Journal in December also examined Medicare’s efforts to improve screening of medical providers.
Plug In, Tune Out
Did you need a pick-me-up? Geoffrey A. Fowler tried a device called Thync that stimulates nerves with electricity to fire you up or calm you down. Backed by $20 million from big Silicon Valley names like Khosla Ventures, it is just one of a cadre of products and government agencies that see them as the next frontier for wearable tech. Geoff writes: “I can see it appealing to some of my Type-A friends burned out on coffee or meditation.” Read his review for more on how it works.

Time Limits for Public Housing Get a Boost

Investigators See Radicalization in Chattanooga Shooter

George Osborne Set to Take U.K. Austerity Battle onto Golf Course

Disputed Burundi Election Goes Ahead, Despite Violence

Apple iPhone Sales, Up 35%, Disappoint Investors

FCC Poised to Approve AT&T’s $49 Billion Acquisition of DirecTV

Citigroup to Pay $770 Million Over Credit Card Add-Ons

Hedge Funds Gear Up for Another Big Short
Puppy Parties
That Was Painless
Though puppy parties have been available for years, businesses say they are receiving more requests. Penelope Pfister plays with puppies rented for her recent birthday party. Photo: Sam Comen for WSJ
$300 billion
Wells Fargo’s possible future market capitalization, as it closes in on the figure after recently surpassing Industrial & Commercial Bank of China Ltd. as the lender with the largest market value in the world—$42 billion and $120 billion more than J.P. Morgan Chase & Co. and Citigroup Inc., respectively.
It’s a big logistical issue to make sure you’re catching all the time.
Ron Peppe, a vice president overseeing legal and human-resources functions at Canam Steel Corp., a unit of Canada’s Canam Group, on new White House proposal that would put millions more U.S. workers in line for overtime pay.
Going back to our story above, what do you think of the Medicare screening situation? Send your comments, which we may edit before publication, to Please include your name and location.
—Compiled by Khadeeja Safdar
On yesterday’s question about smart vacationing, Wendy S. Brown of New York wrote: “Break up your travel back home with a layover or a halfway stop for the last night. It eases the return and adds an exclamation point to your vacation!” Jason Mascitti of Wisconsin advised vacationing “where your heart is and your interest lies” and choosing a vacation activity that gives “your mind and body a respite from” year-round routines. Melissa Babb weighed in from Georgia: “Adventure activities are more memorable than sedentary ones. Plan a trip with multiple activities—this creates more discrete memories. Discuss the trip as a family. Planning and deciding is part of the fun. Be flexible in case serendipity strikes with an unexpected opportunity for an unplanned activity or experience. Laugh, goof around and let yourself be carefree.”
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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