1. Americas summit is test for Biden as US influence wanes: WP reports when President Biden and senior members of his administration explore the future of the Americas with other regional leaders this week, the United States will face a somewhat unusual experience: focusing on its neighbors to the south. The Summit of the Americas scheduled in Los Angeles with leaders of Latin American countries comes as the administration has spent months trying to help Ukraine defend itself against the Russian invasion that began in February. The summit has also been attempting to execute a long-delayed pivot to Asia, where China keeps pressing for more influence.
2. Adam Neumann’s ‘Goddess Nature Token’ is the future of crypto—for better or worse: Falling prices for cryptocurrencies test the logic of the ‘tokenomics’ behind Web3 startups, but true believers think the real problem is existing securities regulations. Christopher Mims
3. Boris Johnson survives no-confidence vote: WSJ reports the British prime minister secured the backing of a narrow majority of his fellow Conservative lawmakers, amid concerned that a looming economic crunch and Mr. Johnson’s attendance at parties during COVID-19 lockdowns would scuttle their chances in the next election.
4. Is this the world’s most boring sneaker? A decade removed from his blockbuster Mars Yard Shoe, artist Tom Sachs is promising an incredibly regular pair of Nikes. GQ
5. From kings of Oceania to Asian minnows: Behind the Socceroos’ decline: Australia was once the big beasts of Asian soccer, feared by regional rivals. Now they are scrambling to qualify for the World Cup. SMH
ITK is global business news at the intersection of globalization, disruption, and politics.
