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

The Wall Street Journal
Good morning,
Terror in London
British police arrested eight people overnight in connection with Wednesday’s attack by a suspected Islamist terrorist that killed four people. The suspect mowed down scores of pedestrians on a crowded bridge in London before crashing his car near the gates of Parliament and stabbing a policeman. The attacker was shot to death, authorities said, and 40 people were injured in the most serious act of terror in the U.K. since 2005. There was no immediate claim of responsibility for the assault, though the U.K.’s top counterterror police official said “we think we know who the attacker is.” He said the attacker was “inspired by international terrorism.” Tobias Ellwood, a New York-born U.K. lawmaker and British army veteran, is being hailed as a hero for administering first aid to Keith Palmer, the mortally wounded police officer.

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To Catch a Cyberthief
U.S. federal prosecutors are building cases that would accuse North Korea of directing one of the biggest bank robberies of modern times, the February 2016 cybertheft of $81 million from Bangladesh’s account at the Federal Reserve Bank of New York. We report that the charges, if filed, would target alleged Chinese middlemen who prosecutors believe helped North Korea orchestrate the theft. The cases being pursued might not include charges against North Koreans, but would likely implicate the country. In the weekend heist, cyberthieves used the Swift access codes of Bangladesh’s central bank in one February 2016 weekend to transfer $81 million from its account at the New York Fed to four bank accounts in the Philippines. Some private security researchers believe the heist was linked to the hacking in 2014 of Sony Pictures Entertainment, which the FBI blamed on North Korea.
Spy Probe
The Republican chairman of the House Intelligence Committee ignited a new battle on Wednesday over President Trump’s claims that he was spied on by the Obama administration, saying that U.S. intelligence agencies intercepted information about people involved in the Trump transition team. Rep. Devin Nunes, who is leading a congressional investigation into alleged Russian interference in U.S. elections, said the surveillance of the team appeared to be due to what is called “incidental” collection, meaning that Trump transition officials whose information was intercepted weren’t the intended targets. Meanwhile, we report that the GOP plan to replace the Affordable Care Act remained in jeopardy Wednesday after a day of intense negotiations among Republicans, but there were prospects for a last-minute deal that had the potential to win support from holdouts.
A Name to Remember
On the road to March Madness this season, Kent State University basketball teammates Jalen Avery and Jaylin Walker faced Jalen Jenkins of George Mason University, Wofford College’s Jaylen Allen and, twice, Jaylen Key of Northern Illinois University. The name Jalen is on the rise in college sports, particularly basketball. That is because thousands of babies born during the 1990s heyday of Jalen Rose, the “Fab Five” University of Michigan star and midtier NBA player, are reaching adulthood. This year, there are 65 Jalens, Jaylens, Jaylans and other versions of the name on Division I basketball teams. Six years ago, there were just four. “I should have patented that name,” said Jeanne Rose, 75, on combining the names of her son’s father, James, and his uncle, Leonard.
TODAY'S VIDEO
Let There Be Light
That Was Painless
Reliable voice control makes smart lighting easier than ever. Our Personal Technology columnist Geoffrey A. Fowler explains the right—and wrong—ways to improve your home lighting with connected bulbs, plugs and switches.
TOP STORIES
U.S.

A Senator’s Plan to Reduce the Flow of Legal Migrants

Democrats Seize on Disability Ruling to Bolster Their Case Against Gorsuch
WORLD

Europeans Won’t Follow Suit on Electronics on Flights

U.S. Weighs ‘Zones of Stability’ as Part of Anti-Islamic State Effort
BUSINESS

Elliott Threatens to Force Akzo Nobel to Engage With PPG

Auto Makers Target China as New U.S. Trade Rules Loom
MARKETS

Meet the CFO-Banker Who May Be Next to Run Deutsche Bank

For China’s Central Bank, an Increasingly Difficult Balancing Act
NUMBER OF THE DAY
12%
The drop in Sears stock on Wednesday after the retailer raised doubts in a securities filing about its ability to keep operating following seven years of losses.
QUOTE OF THE DAY
It’s an arms race.
Jeff Kaplan, director of the team-based shooter game “Overwatch,” around which Activision Blizzard is building a pro league, on the battle against cheaters as e-sports begin to win mainstream acceptance.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Rep. Nunes’s comments? 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 the dip in the markets on Tuesday, James J. Hyland of Wisconsin wrote: “For all of Mr. Trump’s tactical faux pas, I would sell neither he nor the S&P 500 short. Mr. Trump’s ability to show a winning hand when the outcome seems improbable is a matter of record.” Joe Ely of Indiana commented: “I long ago abandoned the notion that I could take advantage of these movements. A coherent long-term investment strategy lets me sleep well and chuckle at daily index gyrations rather than fretting.” And Melody Yuhn of Texas said: “Regarding the drop in markets, the Street is now coming to the natural conclusion of the mad celebration party of Mr. Trump’s election. Now it’s on to normal business cycles and finding if policies and regulations are favorable to corporate profit and growth. But also very key is the market’s sense of global economic and political stability. Recent diplomatic gaffes by the current administration may have certainly factored in. The recent decline is almost certainly typical profit-taking, however a proper correction is likely just around the corner.”

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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