You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’

· Fortune

Good morning. On Fortune’s radar today:

  • Markets: 🤷
  • The cost of the Iran war so far: up to $200 billion.
  • Pimco: Ignore Trump’s threats to leave NATO. Not gonna happen.
  • The curse of Elon!
  • AI is killing Bitcoin.
  • Wall Street’s spookiest (and most manipulated) chart.
  • Did you get your tariff refund? $26 billion paid out already.
  • Goldman and J.P. Morgan are WFH on World Cup days.

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