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Wednesday, July 22, 2015

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Wednesday, July 22, 2015

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"What Pet Should I Get?" by Dr. Seuss will be published next week. Richard Perry/The New York Times

Your Wednesday Briefing
By ADEEL HASSAN
Good morning.
Here's what you need to know:
• Lobbying for Iran deal intensifies.
Secretary of State John Kerry, Energy Secretary Ernest J. Moniz and Treasury Secretary Jacob J. Lew hold classified briefings on the nuclear accord for each chamber of Congress today.
Defense Secretary Ashton B. Carter, who had a tense meeting in Israel, is in Saudi Arabia today, a mostly Sunni nation that is worried about the growing regional influence of Iran, which is predominantly Shiite.
And President Obama teased critics of the deal on "The Daily Show" with Jon Stewart.
• The state of Syria.
The leader of an offshoot of Al Qaeda has been killed by a U.S. airstrike in Syria, the Pentagon says.
• Death or life in prison?
Jurors must decide the importance of the state of mind of the Colorado theater gunman James E. Holmes, whose sentencing phase begins today and could last up to a month.
He was found guilty on Thursday of killing 12 people and wounding 70 at a midnight screening of a Batman film three years ago this week.
• Bill Cosby's team speaks out.
In the first public defense since parts of Bill Cosby's deposition in a 2005 lawsuit became public, his lawyers said he had actually "admitted to nothing more than being one of the many people who introduced quaaludes into their consensual sex life in the 1970s."
They are asking a court to block the further release of his full deposition.
• Worries grow in Burundi.
As votes in the presidential election are counted today, with the president certain to win a third term, there is increasing concern about instability and violence.
There is great public anger in the small African nation because the president is limited to two terms in office, but he insists that his first term does not count as he was elected by Parliament, not voters, in 2005.
• Alzheimer's drug results.
Data on a promising Alzheimer's drug is to be released by Eli Lilly at a conference in Washington this morning.
Early results indicated that solanezumab could reduce symptoms for patients in the earliest stages of the disease.
MARKETS
• Apple's stock is taking a big hit as double-digit percentage growth in profit, revenue and iPhone sales wasn't enough to placate overeager investors.
Shares in the richest U.S. company, by market valuation, slid 5 percent overnight after the record fiscal third-quarter results, which one analyst called "mind-boggling."
Yahoo and Microsoft shares are also off sharply after weak quarterly numbers.
• Wall Street stock futures are being dragged down by the rout in technology shares, foreshadowing a 1 percent loss in the Nasdaq index.
European and Asia stocks are also lower.
• American banks say they are ready to comply with the Volcker Rule, which goes into effect today.
It is part of the Dodd-Frank finance law adopted after the 2008 financial crisis, and limits the speculative trades banks can make on their own accounts.
NOTEWORTHY
• The book in the box.
"What Pet Should I Get?," a Dr. Seuss manuscript found in a box in 2013 and due to be published next week, is a "very good example of his particular genius for distilling both the spirit of his times and the timeless mind-set of children," our book critic writes.
• Health checkup.
Dementia in women worsens about twice as fast as in men, researchers report.
And a study suggests that many men gain three to five pounds when they become fathers.
• Baseball case is dropped.
The Justice Department formally ended its performance-enhancing-drug case involving Barry Bonds, the former player for the Pittsburgh Pirates and the San Francisco Giants.
• For laughs.
Our TV critic writes that "Sharknado 3," which premieres today, "cranks up the absurdity level to hilarious proportions" and that "it will leave everyone who sees it speechless" (9 p.m. Eastern, Syfy).
• Quick peek at 007.
The first full trailer for "Spectre," the new James Bond thriller directed by Sam Mendes and starring Daniel Craig, is released online today.
The latest installment of the longest-running movie franchise is released in the U.S. on Nov. 6.
• In memoriam.
E. L. Doctorow's award-winning novels — including "Ragtime," "Billy Bathgate" and "The March" — put fictional characters in historical contexts and unconventional narrative forms.
He died on Tuesday in New York at the age of 84.
BACK STORY
When the U.S. women's soccer team won the World Cup on July 5, it was before an American television audience of 26.7 million people.
In contrast, the athletes representing 41 Western Hemisphere teams in the Pan Am Games, which end on Sunday, are getting little attention.
Even residents of the host city, Toronto, haven't been terribly enthusiastic.
It's not that the event is small. Among multisport, multinational competitions, only the Olympics and the Asian Games are bigger.
But the Pan Am Games faltered from the start. They began as part of the Greater Texas and Pan-American Exposition in Dallas in 1937. The next competition was canceled because of World War II.
Buenos Aires finally managed to put the Games on the map in 1951. They've been held every four years since, through political turmoil, boycotts and host cities dropping out.
But many top athletes don't participate because the events at the games do not serve as qualifiers for the following year's Olympics.
Still, that doesn't mean we're not counting the medals. At the start of today's competition, the U.S. is in first place and Canada is second.
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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