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

The Wall Street Journal
Good morning,
Russia on the Radar
The Pentagon is moving toward providing Ukraine with bigger, longer-range radar to help it counter artillery being used by Russia-backed rebels. Ukrainian leaders have requested capabilities to look deeper into rebel-held territory, and to fire back more accurately. They say their soldiers are being attacked every day by artillery fire. The proposal still requires approval from the White House, which is considering another package of nonlethal assistance for Ukraine. Meanwhile in Russia, the downing of Malaysia Airlines Flight 17, which happened about a year ago, is still living large on television screens, blamed squarely on the Ukrainians.
Second Thoughts About China
The world’s biggest hedge fund has turned its back on the world’s fastest-growing economy. Bridgewater Associates, one of Wall Street’s more outspoken bulls on China, says the country’s recent stock-market rout will likely have broad, far-reaching repercussions. China’s slowdown is showing up in U.S. companies’ earnings, and the worst may be yet to come, writes our Heard on the Street reporter Justin Lahart. China, meanwhile, has opened the doors to its vast bond markets, but foreign investors aren’t swooping in. They say the country hasn’t been through a full credit cycle, which could mean periods of heightened volatility.
Bad Medicine
More than 100 oncologists from top cancer hospitals around the U.S. have issued a sharp rebuke to pharmaceutical companies over soaring cancer-drug prices. In an editorial published in the Mayo Clinic’s medical journal, the doctors focus attention on the financial burden to patients, saying the out-of-pocket costs are bankrupting many just as they’re fighting a deadly illness. “What we’re fighting is the greed...There is no control, no regulation,” a hematologist said. The pharmaceutical industry counters that high prices are needed to fund future research.
Airlines Take Flight
Airlines have been eliminating schedules to smaller cities, especially in the Midwest and South. Our Middle Seat columnist Scott McCartney looks at the reason behind the recent changes and considers the impact on passengers. Airlines say the reduction has come about because eight of the biggest airlines have merged into four giants. Without as many hubs in the middle of the U.S., there are fewer possible connections for travelers going east to west or north to south. That means it’s harder to find a deal.
FT for Sale
Developing on WSJ: Pearson said it is in talks over the potential sale of FT Group, which includes the Financial Times newspaper. A deal would see the publisher jettison one of its flagship media assets to sharpen its focus on its key education businesses.

EU Files Antitrust Charges Against Six U.S. Film Studios

Land Sale Could Bring End to Litigation Over Cross

Greek Prime Minister Popular Despite Tough Bailout Deal

Turkey Says Suicide Bomber Was Its Citizen

How a Chinese Company Slipped on Canada’s Oil Sands

LeBron James Takes Shot With Warner Bros.

Credit Suisse Swings to Profit

Bank of America Financial Chief Exits as Part of Shake-Up
Hackers Hijack a Moving Jeep Cherokee
That Was Painless
In order to spotlight the security flaws of Internet-connected cars, two computer security experts hacked into a moving Jeep Cherokee. Photo: Reuters
$48 billion
The estimated size of Anthem’s planned deal to buy Cigna, in a transaction that, along with a previously proposed combination of rivals, would dramatically reshape the U.S. health-insurance industry.
In nearly every case…someone saw something and they didn’t tell somebody.
Federal Bureau of Investigation Director James Comey on family members or friends of people considering terrorist attacks who noticed signs but didn’t alert law enforcement or other authorities.
Going back to our story above, what are your thoughts on the price of cancer drugs? 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 Medicare screening, Slade Howell of North Carolina wrote: “Medicare has evolved into a major contributor to high medical cost and low physician satisfaction in this country. Not sure the taxpayer is getting his money’s worth with this government program.” Stewart D. Cumming of California commented: “It is time to take both the government and insurance companies out of the equation by having physicians bill their patients on a fee-for-service basis and leave the insurance billing up to the patient who has purchased that policy. Doctors are not the problem. The problem is government and the insurance industry attempting to mitigate losses through rationing and second-guessing those who are trained to provide healthcare.” Drew Kelley, also of California, wrote: “What else would we expect from a system that routinely pays benefits to people who don’t exist, aren’t entitled to them, and is notorious for not discovering the fraud that goes on within it every day of the year. We have reached the point that there seems to be nothing that the government can do in an efficient manner…”
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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