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

The Wall Street Journal
Good morning—or good evening from Hong Kong, where I’m attending our Converge Conference on Asia’s digital future, with the Journal’s partner for the event, f.ounders.
Taliban Leader ‘Dead’
Developing on WSJ: Mullah Mohammad Omar, the spiritual leader of the Taliban, is dead, according to Afghan officials and a person close to the group. It remains unclear when and how he died. An official briefed on the matter said that the Pakistani government had informed Kabul of his death two years ago. The development raises questions about who will lead the movement.
Pedal to the Metal
The wind is at Detroit’s back after a long contraction. Even though U.S. auto makers continue to lose domestic market share, a spike in demand for heavier vehicles is leading to sales of the higher-profit automotives. Rising demand for pickup trucks and sport-utility vehicles, spurred by lower gasoline prices, is propelling margins at General Motors and Ford to levels more typical of German luxury car makers. In Europe, industry rivals reported contrasting quarterly results today. Volkswagen announced a slip in earnings, while Peugeot said that it had turned a profit for the first time since 2011. In Japan, Nissan also beat estimates to report a 36% jump in its first-quarter net profit.
Tangled Web
China sees a future in which governments patrol the web like border-control agents. Beijing is trying to rewrite the rules of the global Internet, aiming to control online discourse and reduce U.S. dominance. President Xi Jinping is moving to exert influence over virtually every part of the digital world in China, from semiconductors to social media. Many Western companies are surrendering to Beijing’s rules in order to build a position in China. Meanwhile, China’s market rout eased—at least for a while. Shares finally broke a losing streak after officials stepped up efforts to calm the waters. But China still lacks a reassuring face to tell panicking investors that everything will be all right.
Slap on the PAC
A Texas oil man, a Wall Street financier and several former U.S. ambassadors are among the top donors to Jeb Bush’s super PAC, providing hard evidence that the Republican establishment is rallying to his presidential candidacy as he readies for a long primary battle. The names help confirm that Bush-dynasty loyalists and other supporters, supplemented with a healthy dash of financial backers from Florida, are prepared to deliver a powerful flow of money to the former governor that no other GOP candidate will be likely to match. Here’s a look at how much candidates, super PACs and others have raised.
Keeping the Faith
When a parent is absent or uninterested in spirituality, grandparents often step in to introduce the next generation to religious services and pass on traditions, writes our columnist Clare Ansberry. Researchers tracked more than 350 families over almost four decades and published findings that confirm the role grandparents are playing in transmitting religious traditions across generations. “Grandparents’ influence on the moral and religious lives of their grandchildren is strong and enduring,” notes one researcher. “Yet, we don’t pay attention. It’s taken for granted.”
TOP STORIES
U.S.

Republicans Set Interim Fix on Highway Funding

Rising Rents Outpace Wages in Wide Swaths of the U.S.
WORLD

NATO Signals Support for Turkey After Terror Attacks

Cut Off From Ukraine, Business in Rebel-Held East Turns Toward Russia
BUSINESS

Nintendo Scores Profit, No Word on Successor to Iwata

P&G Names David Taylor as CEO
MARKETS

Barclays Scraps Dividend Target Despite Rise in Profit

Global Markets Build on Gains
TODAY'S VIDEO
Mac vs. PC: The Windows 10 Edition
That Was Painless
With Windows 10, the PC has more in common with the Mac than ever. WSJ’s Joanna Stern parodies those classic Mac vs. PC ads—with a surprise 2015 twist. Photo/video: Drew Evans/The Wall Street Journal.
NUMBER OF THE DAY
316 million
Twitter’s user base, including users who access the service through messaging platforms, up from 308 million in the first quarter—raising familiar questions about whether Twitter is a must-use product for the average Internet user.
QUOTE OF THE DAY
I hope that, by going in and raising my hand, people will take a fresh look and say, ‘Wait, what’s going on here?...These settlements do shareholders absolutely no good.
Sean Griffith, a law professor who has bought shares in about 30 companies following the announcement of a takeover, on his plans to challenge lawsuits in corporate mergers.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on China’s Internet ambitions? 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 specialized fitness studios, Bryan Wydra of California wrote: “While traditional gym-goers may balk at the odd methods offered by these new specialized fitness studios, ultimately these alternative approaches are helping many people discover a fun way to invest in their health who’d otherwise still be living a sedentary lifestyle.” Also weighing in from California was Jake R. White: “If specialized fitness studios are the answer to a market demand by individuals of all walks of life for more active, engaged, and healthy hobbies, they’re great! Triathlons are the new golf.” Fellow Californian Terri Tabarcea commented: “I’ve been going to Pilates for over 5 years now. It costs me about $500 a month, but giving it up would impact my health and relationship with women in class. It’s a way of life once you see the changes in your body.” And Lee Alcott of New York wrote: “Much better and cheaper to spend the money on keeping fit than to a doctor later!”
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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Copyright 2015 Dow Jones & Company, Inc. All Rights Reserved.   

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