If there’s a symbol of the breadth of the euro zone’s recovery, it’s Portugal. In 2011, it had to accept an international bailout on punishing terms. Today, three years after graduating from that program, growth and confidence have returned. As if to mark the achievement, S&P Global Ratings just raised Portugal’s sovereign rating to investment grade. This success is real—but ...

Last week, the Commercial Aviation Corp. of China Ltd. (Comac) announced that the C919, China’s first homemade large passenger jet, had chalked up its 730th pre-order. Those numbers won’t necessarily make the Boeing Co. or Airbus SE quake; Boeing estimates Chinese airlines alone will require 5,420 new single-aisle planes by 2036. Ultimately, though, they could herald the end of global ...

As Congress factors in Senator John McCain’s refusal to back, for now, the latest scrupulously unvetted legislation to scramble the American health-care system, the gamey smell of states’ rights still lingers in the air. “Instead of a Washington-knows-best approach like Obamacare, our legislation empowers those closest to the health-care needs of their communities to provide solutions,” said Republican Senator Lindsey ...