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

The Wall Street Journal
Good morning from Milwaukee, where I helped moderate last night’s fourth Republican presidential debate,
Pivot to Policy
In yesterday evening’s debate, Republican presidential contenders staked out sharp distinctions on immigration, military spending and Wall Street regulation—and with likely Democratic nominee Hillary Clinton on economic policy. The GOP candidates called for steep reductions in tax rates for corporations and individuals, big cuts in federal spending and reduced regulations. The debate represented a shift of focus from personality to policy and highlighted how front-runner Donald Trump’s tough stand on immigration has divided candidates and party. New Jersey Gov. Chris Christie drew much of the attention in the earlier undercard debate. Watch highlights and view our recap here.
Network of Thieves
In one of the biggest cybercrimes in history, three men stole data on more than 100 million people from the computers of a dozen companies and used a global network of accomplices to turn it into hundreds of millions of dollars in illegal profits, federal prosecutors say. Indictments unsealed yesterday accused the men and their accomplices of carrying out data breaches at J.P. Morgan Chase and Dow Jones, the parent company of The Wall Street Journal, among others, as well as a host of other crimes around the world. The indictments allege that the hackers and their associates obtained customer information that they used in a pump-and-dump stock scheme. Moreover, the hacking operation made other criminal activity possible, including illegal Internet casinos, a payment processing service for criminals and an unlicensed bitcoin exchange.
False Positive
Safeway spent about $350 million to build clinics in more than 800 of its supermarkets to offer blood tests by startup Theranos. But the tests never began, the clinics are now used for flu shots and travel-related vaccines, and the two companies have been negotiating to dissolve their partnership, we report. The project, code-named “T-Rex” at Safeway, hasn’t been publicly disclosed by either company but goes back to at least 2011 and has been largely dormant for more than a year. Current and former Safeway executives said that Theranos missed deadlines for the blood-testing rollout and that several of them also questioned the accuracy of results Theranos gave to Safeway employees. Theranos’s general counsel declined to comment on the claims.
Force to be Reckoned With
Disney is rewriting the playbook of blockbuster movie merchandise for the latest installment in the nearly 40-year-old Star Wars saga, whose fans now span three generations. “Star Wars: The Force Awakens” hits theaters on Dec. 17, but fans have already bought action figures for the film’s new characters. Disney launched merchandise 15 weeks ahead of the movie’s debut, avoiding missteps made with the release of “Frozen” when retailers ran out of toys after not anticipating the film’s runaway success. Star Wars’ massive appeal means the toys must please a varied audience, from serious adult collectors to casual nostalgic fans to children new to the franchise. Fans eager to know the stories behind their new collector’s items will have to wait.
TODAY'S VIDEO
Virtual Presents
That Was Painless
The fan economy is boosting Chinese interactive sites like YY.com, which hosts a variety of entertainers. During the live shows, viewers can purchase and send their favorite performers digital presents such as virtual chocolates and teddy bears.
TOP STORIES
U.S.

Race Not Only Mizzou Issue

Obama to Sign Defense Bill Despite Provisions to Keep Guantanamo Open
WORLD

Russia Demands Evidence in Sports Doping Scandal

Portugal Government Falls Amid Anger Over Austerity
BUSINESS

Retailers’ Full Shelves May Force Holiday Discounts

Ethan Allen’s Chief in Fight of His Life
MARKETS

Coming to a Balance Sheet Near You: $2 Trillion Leases

A New Mystery Bedevils Fed Data
NUMBER OF THE DAY
$105.5 billion
The amount Anheuser-Busch InBev has formally agreed to pay for SABMiller, in a deal to create a brewing behemoth that will dominate much of the global beer market.
QUOTE OF THE DAY
It is clear that DraftKings and FanDuel are the leaders of a massive, multibillion-dollar scheme intended to evade the law and fleece sports fans across the country.
New York Attorney General Eric Schneiderman on his office’s cease-and-desist order telling the two companies to shut down in New York, the first time fantasy-sports operators have been formally accused of criminal activity.
TODAY'S QUESTION
Going back to our story above, who do you think came out on top in yesterday’s debate? 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 about the University of Missouri’s president and chancellor resigning due to student pressure, Brian N. Moore of Delaware wrote, “The president and chancellor are now part of the growing culture of accountability which has become the norm in the business and public sector but rarely is seen in academia. CEOs often fall on the sword for organization-wide failures in vision or in crisis management. Public perception of any organization is ultimately the responsibility of leadership. How many times did the chancellor or president sit down with the students to discuss ways to have better handled their concerns? These students are, after all, your customers and no organization can succeed without the support of its customer base. If they did not take the students’ concerns seriously, then they should have resigned.” And Bob MacLeod weighed in from Florida: “Three thoughts: 1) The swift success of this boycott will embolden more student protests around the country, calling for the resignation of university presidents for any cause from ethnic and cultural offenses to research investments, student loan debt, low grades, etc. But exorcising the presidents and chancellors of universities will likely do little to change the core concerns. 2) The head football coach should be fired for insubordination. I do not believe it is his place to endorse a student protest against university leadership; if he has concerns about how his leadership is directing the university, then he should follow existing protocols to address that issue. 3) All student athletes should be followed with video cameras 24/7 for a week to ensure they are not engaging in any behaviors that create an unwelcome environment for other students due to race or gender—they need to live out the honorable lifestyle they are condemning the president for not guaranteeing.”
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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