Good morning. On Fortune’s radar today:
Trump sides with Kim Jong Un on Pacific war exercises. Markets: buoyant. Amazon’s Prime Day is now so big it exerts a macroeconomic effect all on its own. The world’s chokepoints, ranked by risk. The increasing pace of tech layoffs. Selena Gomez, alleged venture-capital villain.➡️ Did someone forward you this email? If you would like to receive this information directly, every morning before the markets open in New York, sign up here.
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