ITK Daily | July 18

1. Putin and Xi’s bet on the Global South: As their relations with the West deteriorate, Russia and China are seeking to rewire global power flows in ways that will work to their advantage for years to come. WSJ

2. Can ‘chief vibes officers’ and NFT influencers keep things positive amid the crypto collapse? Maintaining a feelgood atmosphere is now a job aimed at keeping prospective investors interested – and distracting holders from a troubled market. Guardian

3. It’s not just us. Western democracies are fragmenting. Elections on a single day in France, Colombia, and Spain show a pattern of disaffection with governments.
Richard H. Pildes

4. Haile Gerima on being fêted by Hollywood—after living his life “in opposition” to it: The legendary director of Sankofa talks about his Academy celebration, his love of Ava DuVernay, and his disdain for the Hollywood machine. Vanity Fair

5. Year 1 of NIL brought curveballs, collectives, and chaos. Now what? The last 12 months have seen college sports rapidly change. And whether it’s eye-popping recruiting inducements or unchecked marketplaces, there are no signs that things will slow down. SI

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