TOP NEWS
Bill Gates Falls To Third Place
Bill Gates has fallen to third place, from second, in the ranking of the world's richest people—overtaken by France's Bernard Arnault, who owns LVMH, the luxury-goods company. Arnault's fortune has risen by $39 billion just this year, according to a Bloomberg ranking, with his net worth now estimated at $107.6 billion, $200 million ahead of Gates. One place nothing has changed: the very top. That spot still belongs to Amazon's Jeff Bezos. Fortune
The EU vs. Amazon
Another busy day for Margrethe Vestager, the EU's antitrust chief, who is nearing the end of her five-year term. The EU is expected to launch an investigation into how Amazon uses the data from other sellers, following a preliminary investigation into the company since last year. That investigation could be announced as early as today. In other EU news, Ursula von der Leyen, former German defense minister, was narrowly approved as the next president of the European Commission. FT
China, the U.S.—and the WTO
The U.S. did not comply with a World Trade Organization ruling, an appeals judge for the trade body said late Tuesday, and could face Chinese sanctions as a result. That ruling comes after China went to the WTO in 2012 over U.S. tariffs on Chinese exports, equal to goods worth $7.3 billion at the time. That comes amid trade tensions between the two countries and as the WTO itself is facing a staffing crisis that could cause it to at least temporarily shutdown. Reuters
Has Silicon Valley Let Its Guard Down?
When it comes to the risk of hacks by state-sponsored groups, a panel of cybersecurity experts say yes. That was the consensus from a group of cybersecurity experts at Fortune's Brainstorm Tech conference. "I think people in the Valley are naïve to the foreign nation-state threat," said one cyber-security expert. Fortune
Striving for Customer Success
It's one thing to want a customer to succeed, it's another to focus your organization around customer success and outcomes. In this first-of-its-kind market study, Deloitte explores the process and benefits of going beyond establishment of a Customer Success function.
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AROUND THE WATER COOLER
Google's Database of Political Ads is Full of Holes
After it faced calls for more transparency over how it displays political ads, Google set up a searchable database. But nearly a year later, the database is full of errors and holes, according to staffers and consultants. Many ads that campaigns say they have purchased have not appeared at all. That causes problems during a crowded presidential race, when keeping track of rivals' campaign spending is key. WSJ
London's E-Scooter Future
Electric scooters, which have become immensely popular across Europe in less than a year, are an increasing common sight in London—where they're still largely illegal. The U.K. government is reviewing that policy, but a fatal accident involving a British YouTube star and a serious accident involving a teenage boy less than a day later show London is dealing with the most severe risks of e-scooters before they've even officially arrived. Fortune
Where Does North Korea Get Its Luxury Cars?
North Korean leader Kim Jong-un travels by top-of-the-line Mercedes-Benz, which cost between $500,000 and $1.6 million each—despite U.N. sanctions that should stop luxury goods from getting into the country. But an investigation shows that an elaborate system of transfers between a string of companies and ports manages to stay one step ahead. New York Times
Bulgaria's Data Goes Missing
A cyber attack on Bulgaria's tax agency has likely compromised the data of nearly every single adult in a country of seven million people. A 20-year-old man has been arrested on suspicion of involvement, but it's not clear what the motive was, or how the breach even occurred. Reuters
This edition of CEO Daily was edited by Katherine Dunn. Find previous editions here, and sign up for other Fortune newsletters here.
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