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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 .
An Evolving Threat
In the first indication Islamic State has obtained a banned chemical weapon, the militant group likely used mustard agent in an attack earlier this week on Kurdish forces in Iraq. The use of mustard agent raises new questions about the evolving threat posed by Islamic State and the ability of U.S. allies on the ground to combat it. Frontline Kurdish, Iraqi and moderate Syrian forces say they aren’t getting enough U.S. support now to counter Islamic State’s conventional capabilities. As for the mustard agent, U.S. intelligence agencies are still investigating the source and how it could have been delivered this week on the battlefield, officials said.
Refresh Yourself
Coca-Cola elevated James Quincey, an insider, to the No. 2 job amid board concern that Chairman and CEO Muhtar Kent needed a powerful deputy to help manage the far-flung business empire and try to reverse flagging soda sales. In a call after the announcement, Mr. Kent said that he will focus more on long-term strategy, talent management and innovation while Mr. Quincey will focus on driving growth and productivity throughout the company. Coke missed its growth targets the past two years and has warned it will fall short again this year as it grapples with sales slowdowns in key markets around the globe.
Implausible Deniability
Donald Trump earned millions for extolling ACN, a multilevel marketing firm which has weathered regulatory investigations in three countries. “I think the ACN video phone is amazing,” he said in 2011. But in an interview this week, Mr. Trump said ACN had hired him to give motivational speeches. “I do not know the company. I know nothing about the company other than the people who run the company,” he said. Meanwhile, presidential candidates are flocking to the Iowa State Fair in Des Moines this week to eat artery-clogging carnival food, pose with farm animals and look for a springboard to prominence in a jam-packed Republican field.
A Third Act
After a full day and night of bickering, it was mid-morning in Athens before bleary-eyed lawmakers finally voted. Greece comfortably passed its third bailout agreement with international creditors, hours before European finance ministers meet to decide whether to endorse the deal. EU officials put extra pressure on Germany to agree to Greek debt relief on Thursday, in a leaked analysis of Greece’s debt trajectory that concluded it can’t regain solvency without a significant restructuring of its bailout loans. Meanwhile, 32 out of Syriza’s 149 lawmakers voted against the agreement negotiated by their leader, Greek Prime Minister Alexis Tsipras. The party’s deepening internal rift is widely expected to lead to a split in coming weeks.
Legends of the Fall
With summer winding down, the latest edition of WSJ. Magazine, in tomorrow’s paper, turns its attention to the finest in women’s fall fashion. Cover star Freja Beha Erichsen models exotic outerwear with graceful silhouettes from the fall collections, while a survey of four up-and-coming European designers highlights how these young guns are leaving a mark on fashion. The issue also introduces readers to the man who resurrected Electric Lady Studios, the legendary Greenwich Village studio founded by Jimi Hendrix in 1970 where some of rock’s biggest icons, including David Bowie, The Rolling Stones and Patti Smith, have recorded. Elsewhere in the magazine: The crusade to protect Tokyo’s iconic Hotel Okura; Cala, the U.S. debut of Mexico City restaurateur Gabriela Camara; and a day in the life of fashion designer Alexander Wang.
TOP STORIES
U.S.

American Flag to Fly Again Over U.S. Embassy in Cuba

U.S. Economy Slogs Through Global Woes, So Far
WORLD

Chinese Port City Tianjin Searches for Clues After Devastating Blasts

Scores Killed in Baghdad Truck Bomb
BUSINESS

U.S. Seeks to Seize $1 Billion in Telecom Probe

Sesame Street’s Favorite New Letters: HBO
MARKETS

Currency-Hedged ETFs Soften Blow of Dollar’s Rise

Yuan Slide Takes Toll on Chinese Firms
TODAY'S VIDEO
Art, From a Drone’s Perspective
That Was Painless
A month-long exhibition at the Knockdown Center in Maspeth, Queens, lets viewers pilot drones around, and sometimes into, the art. Photo/Video: Jennifer Weiss for The Wall Street Journal
NUMBER OF THE DAY
$41.35
The price per barrel of oil futures on the New York Mercantile Exchange this morning—a more than six-year low, escalating concerns about the mismatch between global crude supply and demand.
QUOTE OF THE DAY
None of the emails alleged to contain classified information were written by Secretary Clinton.
Democratic California Sen. Dianne Feinstein said yesterday that Democratic presidential candidate Hillary Clinton didn’t write any of the emails found on her personal email server that were since deemed classified by a government intelligence watchdog, suggesting instead that she received emails with sensitive information.
TODAY'S QUESTION
Going back to our story above, what are your thoughts on Mr. Trump’s endorsement of ACN? 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 yesterday’s question about Vice President Joe Biden’s potential presidential bid, Frank Day of Ohio wrote: “I personally would prefer the Vice President over other candidates in the Democratic Party. He seems more mainstream than some candidates and I prefer mainstream and rational unlike the growing herd of people that are part of the ‘anger movement.’ The Vice President doesn’t have ‘trust’ issues in my mind either. He is an acceptable candidate with a decent chance to win the general election.” Rod Wilson of Indiana commented: “The important thing Mr. Biden would bring to the Presidency is getting both sides to compromise in order to solve national problems. As a result, it is unlikely he could win his party’s nomination, let alone the election.” And Toby Baly of Nevada weighed in: “The situation of Biden running against Hillary is showing how weak the Dem bench is; as Hillary craters around multiple scandals all they have is Biden and an avowed Socialist (realistically)? The Republican gang is notable with the smart young Turks vying to wrest control from the old feeble power structure.”
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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