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

The Wall Street Journal
Good morning,
Recount!
Nelson Peltz narrowly won a seat on the board of Procter & Gamble, an official vote tally shows, an embarrassing turn of events for a company that weeks earlier claimed to have defeated the activist investor. After the most expensive proxy fight in history, an independent firm’s count of the roughly two billion votes that were cast found Mr. Peltz had 42,780 more votes than a P&G director he ran against, the company said. That is a margin of 0.0016% of the shares outstanding. Mr. Peltz quickly claimed victory Wednesday and called on P&G to concede the contest and let him into its boardroom. However, the Cincinnati-based consumer-products giant didn’t admit defeat, saying that Mr. Peltz “is leading” but that the tally is still preliminary and subject to a challenge period. P&G is still deciding whether to contest the results.

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Tax Fight
Sen. Ron Johnson said he opposes the Senate Republican tax package, becoming the first GOP voice of dissent that, if it gains momentum, could force significant changes or jeopardize the party’s goal to pass the bill before the end of the year. The Wisconsin senator said in an interview that the plan unfairly benefits corporations more than other types of businesses. Any Republican opposition is significant because party leaders are counting on near-universal GOP support to pass a bill on party-line votes. However, other Senate Republicans have expressed concerns. Jeff Flake of Arizona, for example, has worried about deficits and Susan Collins of Maine has had concerns about Republican plans to repeal the insurance-coverage mandate in the Affordable Care Act as part of a tax overhaul. The House is set to vote on its GOP tax bill Thursday.
Power Grab
Zimbabwean President Robert Mugabe, who led the fight to topple white rule in his country and then held it under his sway for almost four decades, was confined Wednesday to an opulent blue-roofed palace as his former military backers seized control of state institutions. The generals said their action wasn’t a coup but a restoration of order. But as night fell Wednesday on the capital of the southern African country, the 93-year-old Mr. Mugabe—the world’s oldest head of state—and his 52-year old wife, Grace, were effectively prisoners after an overnight operation that experts and Western diplomats say could herald the president’s ouster. The military action could have outsize ramifications for Zimbabwe and Africa at a moment when the contest between political systems there has become more intense than at any moment since the Cold War.
Put a Playlist On
In the streaming era, a new gatekeeper stands between record labels and listeners: the playlist professional. These music geeks, some of whom are former journalists and radio programmers, are employed by the biggest streaming-music services to decide which pop, hip-hop and rock songs appear on their playlists—the digital age’s version of the mixtape. With streaming driving more than 60% of U.S. record-industry revenue, they—not radio DJs—now have the power to control music’s hit-making machine. The clout wielded by this new group of tastemakers from Spotify and Apple Music—along with Amazon Music, Google Play Music and Tidal—represents a sea change.
TODAY'S VIDEO
Moving Upstream
That Was Painless
Addiction experts are in wide agreement on the most effective way to help opioid addicts: medication-assisted treatment. But most inpatient rehab facilities in the U.S. don’t offer this option. In the latest episode of the new video series Moving Upstream, Jason Bellini looks at why the medication method is controversial and, in many places, hard to come by.
TOP STORIES
U.S.

How a New Inflation Measure Would Raise Taxes on the Middle Class

UCLA Basketball Players Admit to Shoplifting in China, Thank Trump
WORLD

Former Israeli Actress Alleged to Be Operative for Corporate-Investigation Firm

Tillerson Calls for Independent Probe Into Myanmar’s Rohingya Crisis
BUSINESS

Meredith Pursues Takeover of Time Inc.

Asia’s Tech Giants Are Making Analysts Play Catch-Up
MARKETS

CFPB Head Cordray to Step Down, Paving Way for Change at Watchdog

What’s Behind the Market Wobble?
NUMBER OF THE DAY
$450.3 million
The amount for which Leonardo da Vinci’s rediscovered portrait of Jesus Christ sold at auction, making it the most expensive work of art sold to date. Christie’s auction house didn’t identify the winning bidder of the 500-year-old painting, “Salvator Mundi,” or “Savior of the World.”
QUOTE OF THE DAY
We urge Mr. Jones to drop his misguided litigation threats and media campaign to undermine the committee’s mandate.
The National Football League accused Dallas Cowboys owner Jerry Jones of trying to sabotage its contract negotiations with commissioner Roger Goodell, calling his conduct “detrimental to the league’s best interests” in a letter sent to Mr. Jones’s attorney, David Boies, on Wednesday.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on the recent events in Zimbabwe? 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 Alabama Senate race, Mike Furlong of Alabama wrote: “I am not from Alabama, but have lived here for over 20 years. Roy Moore is a fixture in Alabama politics, a man who is viewed as upholding Christian values in the face of federal threats. I would be surprised if he lost because of how Christian faith is practiced in this state. He presents himself as a stalwart Christian, defending his faith against all comers. How accurate that perspective is is a matter of personal opinion. I would like to see him do the honorable thing and drop out of the race. I personally will be surprised if he does.” And Rob Bosscher of Florida commented: “Roy Moore is the current poster boy for immoral behavior. Sadly, his egregious conduct hardly shocks because it is all too commonplace. Our country needs leaders with virtue, honor, and integrity. To see men and women with those strong qualities highlighted on the evening news would be a delightful change of pace!”

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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