Top News
DMZ Step
President Trump stepped into North Korea yesterday, giving dictator Kim Jong-un a huge validation coup. As AP put it: "Afterward, it was unclear whether the meeting was more show than substance. Other than the headline-grabbing moment and the unprecedented images, Trump's only accomplishment appeared to be securing an agreement to restart nuclear talks that he himself had walked out on in February during his last summit with Kim in Vietnam." Fortune
Swiss Stocks
Amid a breakdown in trade talks between the EU and Switzerland, the European Commission has allowed the expiration of the Swiss stock exchange's "equivalence" status. That means no more cross-border trading for now, with harsh penalties for those who try—as of today, European investors could be imprisoned for up top three years if they try trading Nestlé or Novartis shares in the EU rather than in Zurich. Financial Times
Hard Brexit
Jeremy Hunt, the rival to Boris Johnson for the post of U.K. prime minister, is trying to out-hardcore Johnson on the Brexit front. "At the beginning of October, if there is no prospect of a deal that can get through Parliament, then I will leave at the end of October because that is our democratic promise to the British people," he said in a TV interview. And would he be willing to look business-owners in the eye and tell them that their firms will go bust in order to achieve Brexit? "I would do so but I'd do it with a heavy heart." Guardian
Census Disinformation
Facebook will ban disinformation about the 2020 U.S. census, as civil rights groups and the U.S. Census Bureau have been asking it to do. "We're going to treat next year's Census like an election — with people, policies, and technology in place to protect against Census interference," said Facebook operations chief Sheryl Sandberg. NBC News
Disrupt The Disruptors
Is your competitor reinventing its business? Scanning external markets for disruption and having the courage to go on the offensive, may prove invaluable for CEOs hoping to innovate in today's rapidly changing world. Deloitte explains disruptive jiu-jitsu.
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Around the Water Cooler
Make Some Noise
As of today, new four-wheeled electric vehicles in the EU will need to include a noise-emitting device to ensure pedestrian safety. The devices will need to make some noise when the vehicle is reversing or travelling below 12mph—these are the circumstances where pedestrians tend to be nearby. From 2021 the devices will need to be fitted to all electric vehicles, not just new cars. BBC
EU Manufacturing
European Union factory activity contracted for the fifth month in a row, per the latest IHS Markit PMI figures. In fact, June's shrinkage was faster than previously thought. Reuters
Bitcoin Fall
Bitcoin lost more than a tenth of its value over the weekend—unusually, because many of its gains this year have taken place over weekends. The best-known cryptocurrency has still appreciated in value three-fold this year. Bloomberg
Extinction Event
A bunch of German entomologists say the volume of insects they catch/observe has fallen by more than three quarters since the early 1980s. This is one of the biggest die-offs in the history of the Earth, and it's due to urbanization and intensive agriculture practices. They noted: "Unless we change our ways of producing food, insects as a whole will go down the path of extinction in a few decades." AFP
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.
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