TOP NEWS
Iran Developments
The other big G-7 story this weekend was the appearance of Iranian Foreign Minister Mohammad Javad Zarif on the Biarritz conference's sidelines, at the invitation of French President Emmanuel Macron. President Trump said he knew Zarif was coming, though he didn't want to meet him personally just yet. Trump also said he wasn't seeking regime change in Iran. RTE
Digital Tax
Meanwhile, U.S. and French officials have reportedly come up with a draft deal regarding the tax that digital giants ought to pay. Trump has been threatening tariffs on French wine in retaliation for a new French revenue tax on the likes of Amazon and Facebook. The new agreement, if backed by Trump and Macron, would see France repay the difference between its tax and a new mechanism being drawn up at the OECD level (the late arrival of which is the rationale for the French tax in the first place.) Reuters
European Banks
Deutsche Bank and UBS reportedly talked about a merger of their investment banking operations this year, though nothing came of it—hence the heavy cuts that Deutsche Bank is now putting into effect. WSJ
Nuking Hurricanes
According to Axios, President Trump has repeatedly asked his officials to look into the use of nuclear bombs on hurricanes, to stop them hitting the U.S. Trump, who described the report as "fake news," would not have been the first person to have this idea; the main problem is that it would most likely lead to the U.S. being battered by radioactive hurricanes. Axios
Redefining Retail
Many traditional retail success metrics are becoming obsolete in today's digitally enabled economy. As the retail industry evolves, so should the measurements we use to assess overall business health and efficiency. In this report, Deloitte examines how businesses can adapt to a new retail reality.
Read more
AROUND THE WATER COOLER
Show Swapping
An increasing number of TV shows are reappearing on other platforms after being kicked out of their original homes. Why? Because, as Radhika Marya writes for Fortune, new cable networks and streaming services are hungry for content. And if that content comes with existing fans, all the better. Fortune
Brazilian Produce
Brazilian industry is decrying the catastrophic Amazon wildfires, amid concerns over potential boycotts of Brazilian businesses. The wildfires are likely to be the result of illegal land-clearing, which may have been tacitly encouraged by the country's far-right leadership. President Jair Bolsonaro is now making an effort to tackle the blazes, but trade groups are still worried about being targeted by global consumers. Financial Times
Trump Challenger
The conservative talk radio host and former congressman Joe Walsh will try to displace President Trump as the Republicans' 2020 candidate. "I helped create Trump," Walsh said, while also lamenting his own racist statements in the past. Walsh on Trump: "He's nuts, he's erratic, he's cruel, he stokes bigotry." USA Today
Cash Protection
The ability of people to continue paying for stuff in cash has become a key campaign point in the current Austrian election season. Many privacy-conscious Austrians don't like leaving records of their spending by using credit cards all the time (as is the case in Germany, too) and parties are now trying to outdo each other on the hard-currency front. Euractiv
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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