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

The Wall Street Journal
Good morning,
Gerard Baker is away. Today’s 10-Point is by Deputy Editor in Chief Matt Murray. Follow him on Twitter @MurrayMatt.
Yuan Big Step
China’s central bank devalued its tightly controlled currency this morning, saying the change would help drive the yuan toward more market-driven movements. The move sparked a wave of yuan selling in the foreign-exchange markets, causing its biggest one-day loss in two decades, as investors and economists took the action as a sign that Beijing is turning to a weaker exchange rate to boost a sagging economy. A shift toward a weaker currency could help flagging exports at a time when many other efforts to boost the economy haven’t proven very effective. The devaluation will also likely have a ripple effect through financial markets and in politics. Here are five things you need to know about the central bank’s move.
The ABCs of Google
Google unveiled a reorganization that separates its highly profitable search and advertising business from fledgling efforts in an array of so-called moonshots. The news came in a surprising letter from Chief Executive Larry Page, who laid out the new corporate structure. A holding company called Alphabet will manage each of its growing cast of businesses. Each Alphabet subsidiary will have its own CEO, reporting to Mr. Page, a structure similar to Berkshire Hathaway. The shuffle elevates Sundar Pichai to run Google’s core business and gives other executives higher-profile, clearer roles.
Merger Mania
Deal makers are in heady times. Global mergers and acquisitions are on pace this year to hit the highest level on record, thanks to a buying spree from companies on the hunt for growth. The tie-ups come as companies, after years of cost-cutting during the recession, search for ways to boost growth and find further cost savings in an overall sluggish economic environment. Berkshire Hathaway’s $32 billion deal to buy industrial company Precision Castparts was the latest example of pursuit of growth through megadeal making. We look at how the company’s CEO played a role in Mr. Buffett’s decision to make the deal.
Don’t Hit Send
The “e-vent”—expressing anger via email, text or chat, or on Facebook or Twitter—can be hard to resist. And in studies, people report that they feel better after venting. But our Bonds columnist Elizabeth Bernstein examines research that shows they actually become angrier and more aggressive. People who vent anonymously may become the angriest and most aggressive. “Just because something makes you feel better doesn’t mean it’s healthy,” notes an expert. What should a person do instead? Elizabeth suggests turning off your computer and phone when you’re angry and focusing on quieting your mind.
Third Time Lucky?
Developing on WSJ.com: Greece and its creditors have “concluded negotiations” on the country’s new bailout program, which if ratified by other eurozone countries could unlock around $95 billion of financing over the next three years.
TOP STORIES
U.S.

Colorado, New Mexico Free Up State Funds for Gold-Mine Spill

Officials Declare State of Emergency in Ferguson
WORLD

Afghan President Blames Pakistan for Series of Bombings

Druse Under Pressure to Take Sides in Syrian War
BUSINESS

IBM Crafts a Role for Artificial Intelligence in Medicine

Startups Vie to Build an Uber for Health Care
MARKETS

More Companies Deal With Multiple Activists

U.S. to Charge That Hackers Tapped Early Deal News
TODAY'S VIDEO
NASA Astronauts Eat First Space-Grown Veggies
That Was Painless
Astronauts on the international space station got to taste the first-ever space grown vegetable, red romaine lettuce. WSJ’s Monika Auger reports. Photo: NASA
NUMBER OF THE DAY
4.6%
The proportion of deaths as a result of euthanasia in Flanders—the Dutch-speaking, northern part of Belgium—out of a sample of 3,751 deaths in the first half of 2013, up from 1.9% of a similar sample during the first half of 2007, according to surveys of physicians conducted by mail. The findings come more than a decade after physician-assisted suicide was legalized in Belgium.
QUOTE OF THE DAY
Turkey is not only afflicted by schisms that characterize other parts of the broader Middle East—it also has its own.
Anthony Skinner, a political risk consultant at U.K.-based firm Verisk Maplecroft, after a spate of attacks across Turkey killed 6 people.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on venting online? 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
On Donald Trump’s comments about Megyn Kelly, Fran Younglas of Texas wrote: “I find it hard to understand how he has accomplished so much as a businessman while acting like a petulant child. He has offended me too many times with his crude remarks about women. No gentleman or president should act this way.” And John E. Shaulis of Tennessee weighed in with this concise comment: “Money can’t buy class.” But Dana Ehlen of Idaho wrote: “I have to agree with Trump on this one. When I heard the comment I never thought of it as referring to a menstrual issue. Seems to me some folks need to get beyond middle school and bathroom humor.” And Bob Harris of New Jersey commented: “Megyn Kelly trying to play ‘gotcha’ with Trump backfired because he thinks outside the box. It was like someone trying to win a card game with someone who is using a marked deck as traditional rules do not apply. He is playing the game he wants to play, not the game they want him to play.This is exactly what appeals to the people who support him, while the pundits scratch their heads without a ‘traditional’ explanation for his high poll numbers.”
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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