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

The Wall Street Journal
Good morning,
Hope Deferred
President Barack Obama’s decision to reverse his plans to exit the conflict in Afghanistan reflects the latest in a series of difficulties he has encountered in trying to follow through on his earliest campaign promises before leaving office. His decision to slow the withdrawal of U.S. troops follows mounting pressure at home and abroad to change his strategy in response to escalating insurgent violence. The new plan will result in a larger force than he has preferred, but about as small as military commanders believe necessary to support a continued U.S. presence devoted to both training and counterterrorism operations.
Drawing Blood
Theranos, a blood-testing startup valued at $9 billion, claims its technology can work with just a finger prick. However, the Journal revealed yesterday that it has struggled behind the scenes to turn the hype into reality. The proprietary lab instrument Theranos developed as the linchpin of its strategy handled just a fraction of the tests then sold to consumers by the end of last year, according to four former employees. Today we report that the startup has stopped collecting tiny vials of blood drawn from finger pricks for all but one of its tests, backing away from a method the company has touted as it rose to become one of Silicon Valley’s hottest startups.
A Major Player
Malaysian Prime Minister Najib Razak’s signature initiative, a government investment fund called 1Malaysia Development Bhd. or 1MDB, has become the center of a political scandal engulfing the country’s government. Investigative documents reviewed by the Journal show Mr. Najib playing an important role at 1MDB at key moments over several years. He personally ordered the removal of auditors when they wouldn’t sign off on its books and authorized controversial investments. The scandal threatens to upend years of one-party rule in an important U.S. ally in Asia. Here’s a look at our coverage of the continuing controversy.
Aged to Perfection
Cellars are perfect for wine—but not for the people who drink it. Wine connoisseurs are building sizable tasting rooms where guests can sip and snack in stylish surroundings. Our picture slideshow reveals one home with a cellar consisting of a 7,000-bottle capacity, a bar area and a screened-in porch for sipping wine while grilling, shucking oysters or smoking cigars. Elsewhere, the drought in California and affordable acreage are prompting explosive growth in the market for Oregon vineyards. For prospective buyers, here’s a look at how to finance a vineyard. Be prepared for tighter loan requirements and higher interest rates.
TODAY'S VIDEO
Campaign 2016: Cashing In on ‘Bundlers’
That Was Painless
Bundlers can raise hundreds of thousands of dollars for a single campaign, yet few candidates choose to disclose their big donors’ identities. WSJ’s Shelby Holliday explains how these super-fundraisers operate and which presidential candidates are listing them by name.
TOP STORIES
U.S.

Presidential Candidates Burn Through Cash Quickly, FEC Filings Show

U.S. Consumer Prices Fall, Clouding Fed Rate Decision
WORLD

Syrian Government Forces Attack Around Homs

Israeli Police Begin to Seal Palestinian Areas in East Jerusalem
BUSINESS

U.S. Firms Fight Global Cyberweapon Deal

Valeant Probe Reprises Federal Focus on Drug Pricing
MARKETS

For IPOs, Earning a Profit Matters Again

Card Firms Push Back Against Netflix Claims
NUMBER OF THE DAY
33%
The drop in Goldman Sachs’s revenue from fixed income, currencies and commodities trading—10 to 22 percentage points deeper than the declines at the other big banks that reported earnings this week.
QUOTE OF THE DAY
The typical American household has almost nothing saved for retirement.
Nari Rhee, manager of the retirement-security program at the Institute for Research on Labor and Employment, on savings habits. Many companies are boosting the percentage of worker paychecks automatically diverted to 401(k) plans.
TODAY'S QUESTION
What are your thoughts on companies forcing workers to save by diverting a higher percentage of paychecks to retirement plans? 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 whether Vice President Biden’s window to run for president has closed, Rich Gómez of Ohio wrote, “The Democratic candidate debate Tuesday seemed to reinforce the prospects of Joe Biden throwing his hat in the ring…With Sanders so far left he will have trouble winning the moderate voters (in both parties) and Hillary’s continued issues of candor and transparency make her hard to trust with such serious responsibility. Enter Joe Biden: a lifelong politician who knows how to compromise and when to stand his ground.” And from Texas, Vikas Deshmukh commented, “Clinton’s show in the debate makes it now more necessary that Biden steps in. She has once again shown how inconsistent she can be, just to become the ‘winner of the moment.’… Joe Biden needs to step in quickly and set the Democratic campaign back on ethical, dependable track.” But Amar Singh of Virginia wrote, “Yes, it’s too late for Mr. Biden. Of course, he can still announce his candidacy, but his chances of trumping Bernie or Hillary at this point are slim. Especially after missing the first debate, Biden’s entry into the race would be a waste of his time and money.” And Barbara Russell of New Hampshire observed, “Vice President Biden has tried twice before and failed miserably both times. While he’s very likable, he will never be president. And I cannot imagine why he would wish to put himself and his family through it again.”
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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