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

The Wall Street Journal
Good morning,
Nationalism Rising
Chancellor Angela Merkel’s conservative alliance won the German election Sunday, but a steep drop in its share of the vote to about 33% and an anti-immigrant and nationalist party’s surge signaled political turbulence ahead for Europe’s largest economy. The victory of Ms. Merkel’s center-right bloc virtually assures her of a fourth term, but building a governing coalition will be one of her most delicate balancing acts since she took power 12 years ago. The weakening of the center and the rise of an unpredictable new force on the right represents a historic setback for the country’s mainstream and a sudden turn for a political system whose relative stability has underpinned the EU as it lurched from crisis to crisis in recent years. The results confirm the overriding trend of European politics in the past year: the crumbling of established parties in the face of voter anxiety over economics and identity.

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Last Gasp
Senate Republican leaders may face a nearly insurmountable obstacle in their last-ditch attempt to repeal much of the Affordable Care Act. Sen. Susan Collins on Sunday said she couldn’t envision voting for the bill, joining Sen. John McCain, while Sen. Rand Paul outlined tough demands for his support. Passage requires the votes of 50 of the 52 GOP senators, and the deadline is Saturday. Sunday night the bill’s authors, Sens. Bill Cassidy of Louisiana and Lindsey Graham of South Carolina, circulated changes that experts said appeared largely meant to win over more-conservative lawmakers. The revised text gives states broad authority to change the coverage mandated under the ACA, without the earlier version’s requirement for waivers in some cases.
Risky Business
Leveraged loans are back, on pace to top pre-financial-crisis records. Lending to the most-indebted companies has climbed by more than half this year, and the debt loads accompanying the private-equity buyouts of companies including Team Health Holdings and USI Insurance Services exceed guidelines from the Fed and other regulators meant to reduce risk in the financial system. And what some see as froth in the market isn’t confined to the U.S. In Europe, recent loans offer fewer investor safeguards than in the past. Even though default levels are low, and global growth has been picking up, the lending boom could prove troublesome when market conditions change or the economy slows.
From Workout to Takeout
Pick up takeout for dinner, or hit the gym? Now you may not have to choose. Meal-delivery services are finding a new market in time-strapped people seeking healthy, preservative-free breakfasts, lunches and dinners, often packed in a single plastic container. To minimize delivery costs, many are dropping the meals off in a place that customers frequent: the gym. Some meals are vegan or vegetarian, or comply with low-carb plans such as the Paleo diet or Whole 30. “If they leave our club and they go through a drive-through and eat unhealthy food, they’re just spinning their wheels,” says the general manager of one gym.
TODAY'S VIDEO
Letter From North Korea
That Was Painless
This month, for the first time in almost a decade, Wall Street Journal reporters traveled to Pyongyang. Here is an early look at some exclusive footage from North Korea.
TOP STORIES
U.S.

U.S. Adds North Korea, Venezuela and Chad to List of Nations Facing Travel Restrictions

Puerto Rico Tallies Up Devastation From Hurricane Maria
WORLD

North Korea, Iran Offer New Tests for U.S.

Japan Prime Minister Calls Snap Election
BUSINESS

Uber Tries Compromise With London Regulators

China Eyeing Rule Change That Could Aid Tesla
MARKETS

Bank Stocks Are Starting to Look Attractive Again

Why a BlackRock Legal Victory Could Make It Harder for ETF Investors to Sue
NUMBER OF THE DAY
$742.2 million
The price Canyon Bridge Capital Partners, a China-backed investment firm, will pay for Imagination Technologies Group, a U.K.-based chip designer and small but important Apple supplier.
QUOTE OF THE DAY
The absence of our team for the national anthem shouldn’t be misconstrued as unpatriotic.
A statement from the Tennessee Titans on the team’s not taking the field at all for the national anthem. Players around the NFL demonstrated before games Sunday as part of an escalating feud between President Trump and the professional sports world.
TODAY'S QUESTION
What are your thoughts on NFL players protesting during the national anthem? 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 Friday’s question on Facebook’s agreeing to hand over information on Russian-backed ads to congressional investigators, Jake Freivald of New York wrote: “Congress scrutinizing a $150,000 advertising spend in a race worth billions? Seriously? Minding political pennies instead of substantive dollars. One could wish they gave their own budgets even a fraction of such scrutiny.” Stefanie Coxe of Massachusetts commented: “The question of Facebook handing information on Russian-sponsored political ads over to investigators is not one of privacy—which Facebook should rightly maintain for individuals—but one of the public’s right to full disclosure and honest campaigning. We already have numerous campaign-finance disclosure laws….If we view Facebook as merely another platform for ads, like radio, television, and mail, this is leveling the playing field. Unfortunately, laws are always slow to catch up to the Wild West of technology.” And Jack Houlgate of Florida predicted: “Indictments are soon to come.”

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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