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Friday, July 10, 2015

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Friday, July 10, 2015

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Confetti is prepared for the ticker-tape parade today to celebrate the U.S. women's soccer team.

Confetti is prepared for the ticker-tape parade today to celebrate the U.S. women's soccer team. Shannon Stapleton/Reuters

Your Friday Briefing
By ADEEL HASSAN
Good morning.
Here's what you need to know:
• A ray of hope in Greece.
Investors and analysts seem heartened today after Greece agreed to most of the terms demanded by its creditors in its latest debt-relief proposal.
Today in Brussels, Greece's main creditors examine Prime Minister Alexis Tsipras's request for a three-year, $59 billion bailout. Other European reviews are due over the weekend.
• Pope apologizes.
"I humbly ask forgiveness, not only for the offense of the church herself but also for crimes committed against the native peoples during the so-called conquest of America," Pope Francis said in Bolivia on Thursday.
He is trying to position the church as a refuge and advocate for the poor and the dispossessed on his home continent.
• Far worse than thought.
Anyone who had a government background check over the past 15 years was probably affected by a hacking of computer systems, officials in Washington said.
The breaches are believed to have originated in China, and are apparently the largest cyberattack into the systems of the U.S. government.
• Destined for a museum.
The Confederate battle flag is lowered today outside the South Carolina State House at 10 a.m. Eastern and moved, by law, to a nearby museum.
In Washington, Democrats, led by black members from the South, beat back a push on Thursday by Republicans to allow Confederate symbols at national cemeteries.
• Speedier drug approvals.
The House is likely to pass the bipartisan 21st Century Cures bill, which would bringmedical treatments to market faster by overhauling the way drugs and medical devices are developed and approved.
Consumer groups say the measure would weaken government safeguards against dangerous or ineffective products. The Senate has not yet introduced a similar bill.
• Building readers' anticipation.
The opening chapter of Harper Lee's second novel, "Go Set a Watchman," was published today in The Wall Street Journal and The Guardian. It continues the story about 20 years after the action in "To Kill a Mockingbird," which came out 55 years ago.
MARKETS
• Wall Street stocks look to get a good pop this morning on Greece's improving fortunes. European stocks are up sharply.
Chinese indexes, caught in a roller-coaster ride amid a correction and government efforts to soften the slide, rallied again.
The Food and Drug Administration is strengthening warnings on painkillers like ibuprofen, including Advil, Motrin IB and Aleve, to say that they increase the risk of heart attacks and strokes.
• British Airways prevailed today with a bid to buy 30 percent of Aer Lingus from Ryanair, clearing the way for a merger that analysts say will bolster Ireland's position as hub for trans-Atlantic travel.
NOTEWORTHY
• Cue the confetti.
The U.S. women's soccer team parades down the Canyon of Heroes in Lower Manhattan today under a snowfall of shredded paper.
It's the first time the city has honored a women's sports team with a ticker-tape parade.
• The top three, plus an outlier.
At Wimbledon today, Richard Gasquet, the No. 21 seed, plays top-seeded Novak Djokovic, who has won 11 of their 12 meetings.
The other semifinal features second-seeded Roger Federer against the No. 3, Andy Murray (8 a.m. Eastern, ESPN).
The women's final is on Saturday between Garbiñe Muguruza and Serena Williams (9 a.m. Eastern, ESPN). Muguruza defeated Williams at the 2014 French Open.
• Ready for a blockbuster?
"Minions," a spinoff of the "Despicable Me" animated-film series, debuts today. The film is expected to be one of the biggest of the summer.
And Robin Williams plays a 60-year-old bank officer in a passionless marriage whose life is shaken up by a male hustler in "Boulevard," his final on-screen performance. He died nearly a year ago.
Here's what else is coming to theaters today.
• Funny guys.
"Modern Romance," Aziz Ansari's look at today's dating scene, and "Sick in the Head," the filmmaker Judd Apatow's interviews with comedians, are new to our nonfiction best-seller list.
Holly Madison, the former Playboy Playmate, debuts at No. 2 on the list with "Down the Rabbit Hole," about life at the Playboy Mansion.
• #topofmountfuji.
Wi-Fi hot spots open today on Mount Fuji, Japan's highest mountain. Tourists had requested the service.
• In memoriam.
Ken Stabler, the football quarterback who led the Oakland Raiders to their first Super Bowl victory, died in Gulfport, Miss., at age 69.
BACK STORY
"The Rise of Sneaker Culture," an exhibit that opens today at the Brooklyn Museum, looks at more than a century's worth of the footwear that unites the casual, the athletic and the artful.
Sneakers got their name from the rubber soles that make them quiet to walk in.
Those soles date to the invention of vulcanized rubber in 1843, when Charles Goodyear found that heat could be used to more securely bond rubber to cloth, opening up the marketplace. (A type of rubber-soled canvas shoe developed separately in the 1830s in Britain.)
From there, we got Keds in 1916, one of the first mass-market sneakers. The name comes from "ped," Latin for foot, but that trademark was already taken.
In recent years, we've seen a blizzard of both accessible and exclusive styles, along with reissued classics from the 1900s.
Some are especially prized. A 1983 pair of the Nike Air Force 1, the first to have a pocket of air in the heel, is worth about $1,500.
Correction: Richard Gasquet beat Stan Wawrinka at Wimbledon on Wednesday, not on Tuesday as we incorrectly said in Thursday's briefing.
Victoria Shannon contributed reporting.
Your Morning Briefing is published weekdays at 6 a.m. Eastern and updated on the web all morning.
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