ITK Daily | June 21

1. Putin’s aggressive autocracy reduces Russian soft power to ashes: The assault on Ukraine is causing a sharp cultural break with the west that may last far into the future. Ivan Krastev

2. Bloomberg: Mondelez agrees to purchase energy-bar maker Clif for $2.9 billion

3. Israel’s government collapses, setting up 5th election in 3 years: NYT reports the governing coalition decided to dissolve parliament, plunging the country back into paralysis and throwing a political lifeline to Benjamin Netanyahu.

4. Alanis Morissette releases ambient meditation album The Storm Before the Calm: Wordless vocalizations and shimmering soundscapes devised with Darkside’s Dave Harrington make for chilled-out listening. FT

5. Inside the Warriors’ long-awaited return to glory: Stephen Curry & Co. all had their moments of doubt along the way, but they never stopped believing. SI

ITK Daily is global business news at the intersection of globalization, disruption, and politics.