A.M. Edition for Oct. 14. A sharp drop in venture-capital funding is leading the Chinese government to get more involved in grooming the country’s tech industry. The WSJ’s Liza Lin says that in the long run, that strategy could handicap China’s efforts to catch up with Western advances. Plus, a drone launched by Hezbollah hits a military base, highlighting a weak spot in Israel’s air-defense systems. And, most economists surveyed by WSJ think inflation would be higher under the policies of Donald Trump than those of Kamala Harris. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices