10 things you need to know today: May 26, 2012

Egypt heads for a divisive run-off election, a Spanish bank asks for a hefty bailout, and more in our roundup of the stories that are making news and driving opinion

New York City police chief Ray Kelly announced the arrest of suspect Pedro Hernandez for the 1979 killing of the six-year-old missing child Etan Patz.
(Image credit: Allison Joyce/Getty Images)

1. PATZ SUSPECT ON SUICIDE WATCH

Pedro Hernandez, the former convenience store worker arrested Thursday after he confessed to killing missing child Etan Patz in 1979, was taken to Bellevue Hospital Center on Friday morning and placed on suicide watch. Although Hernandez confessed to luring the boy into the store's basement with the promise of a soda and then choking and killing him, a motive has not yet been given. Later in the day on Friday, Hernandez was charged with second-degree murder. Hernandez' lawyer says his client has a history of mental illness, including hallucinations. [New York Times]

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