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• It’s hot as Hades this June.
• Trump declares a win too soon.
• Sainthood is a major boon.
• Izzy Englander’s no goon.

In the time that it took me to ride the elevator up to the main floor of Bloomberg’s midtown office, grab two cheese sticks and walk to my desk this morning, I encountered 13 pairs of shorts. Thirteen!!!!

Now, there’s nothing wrong with men showing a little leg in the office — after all, it’s 101° F in NYC and Sarah Green Carmichael says corporate culture is now accepting of shorts — but not all shorts are created equally. Like, there’s a BIG difference between a pair of nicely pressed chinos and a pair of cargos that look like they were crumpled on the floor of your bedroom all weekend. (Male readers, make of that what you will.)

In addition to the exposed knees, I also saw an untold number of “I Voted!” stickers, which means that everyone is (thankfully!) taking their civic duty seriously, despite Central Park hitting its hottest temperature since 2012 this afternoon.

The New York Metro Weather guy is grasping at straws and not even TikTok comedians are finding the triple-digit temps funny. “I’m trapped in a concrete jail full of hot tar and all I wanted to do was drink an Aperol Spritz in a tank top,” Lukas Battle complained. “The air conditioning at J. Crew was so good I spent $200,” Mike Cactus admitted.

And it’s not just New York: This week, more than 91 million Americans are feeling like they’re sitting on the surface of the sun, choking for air under the highest heat advisory. “Of course, there have always been heat waves. Summer is hot, as the climate-change deniers in my inbox reliably remind me,” writes Mark Gongloff. “But an increasingly chaotic climate makes heat waves more likely and intense.” Case in point? Alaska — the land of polar bears and puffins — issued its first-ever heat advisory earlier in June.

Higher temps can be lethal. “Heat takes more lives every year than any other weather-related disaster,” Mark notes, and official figures are likely understating the severity of the problem: “Heat worsens heart disease and other deadly ailments without leaving traces, meaning it often escapes mention on death certificates.”

What can we do about extreme heat besides buy shorts from J. Crew and complain about it on TikTok? In addition to the obvious (cut fossil fuels and curb greenhouse gas emissions), Mark says we could stay cool by “planting green spaces, opening cooling centers, hardening infrastructure, conserving energy and checking on vulnerable people to make sure they’re safe.” Electing someone who cares about the planet can’t hurt, either!

Bonus Climate Change Reading:

• Budget cuts to weather data collection are hitting just as hurricane season begins. — Mary Ellen Klas
• The UK is well positioned to become a global leader in carbon removal. — Lara Williams

Is my brain is melting from the hellish temperatures or the foreign policy whipsaw we’re enduring? I honestly can’t tell at this point.

In the span of 24 hours, US President Donald Trump unexpectedly announced a ceasefire between Israel and Iran, asked Israel to do a friendly “Plane Wave” to Iran, was nominated for a Nobel Peace Prize and dropped the f-bomb on the White House lawn. This strategy, while unconventional, appears to be working.

Still, there are plenty of remaining risks. Even if Trump’s ceasefire holds, Marc Champion says “there will be no forever-peace between the Islamic Republic and Israel.” This afternoon, a preliminary classified report indicated that the US bombs sent over the weekend may have only set back Iran’s nuclear program by months. Regardless of the exact timeline, Bloomberg’s Editorial Board says the US and Israel “still need a strategy to contain the Iranian threat that goes beyond periodic — and risky — bombing raids.”

Enter: NATO? The idea of the North Atlantic Treaty Organization helping in any way may sound far-fetched, considering Trump almost withdrew from the military alliance in his first term. But after getting buttered up by NATO chief Mark Rutte over text, Trump appears to have softened his view: “I look forward to seeing all of my very good European friends, and others. Hopefully, much will be accomplished!” he posted on Truth Social ahead of his stay at the Dutch king’s palace.

What would a productive NATO summit look like? Hal Brands lays out the ideal scenario: “Trump eventually shuts up about annexing Greenland and Canada; he settles for greater cooperation on Arctic security and his missile shield, Golden Dome, instead. A trade truce soothes the US-EU relationship. An administration consumed by Middle Eastern crises comes to see the value of the military access and diplomatic support the European allies provide,” he writes.

“Most fundamentally, Trump takes yes for an answer on burden-sharing: The alliance is coalescing, albeit haltingly and with plenty of caveats, around agreement on a major jump in military spending (3.5% of GDP on defense, 1.5% on infrastructure and related investments). Those outlays will help NATO adjust to an era in which its strength must be focused on defending its most vulnerable borders.” Read the whole thing.

Bonus Wartime Reading:

• It was always a bit silly to equate oil shocks with tighter monetary policy. Now, we don’t have to. — Jonathan Levin
• Whatever the status of the ceasefire between Israel and Iran, the world is swimming in oil. — Javier Blas

Before influencers, the Catholic Church had patron saints. These saints did not try to sell you hair growth gummy bears nor did they give you a discount code for meal kits. But they did attract niche audiences just like the creators that frequent your social algorithms. There’s a patron saint of pastry chefs. A patron saint of difficult children. A patron saint against the fear of wasps. A patron saint of cave enthusiasts. A patron saint of oversleeping. The list goes on and on — there are more than 10,000 — and Pope Leo XIV plans to add more this fall.

“The death of Francis postponed the canonization of several new saints — beings who lived such holy lives that the Church now declares they are united with God in heaven,” writes Howard Chua-Eoan. “Among them are Peter To Rot, a lay Catholic martyred by the Japanese occupiers of Papua New Guinea. He’ll be the first person sainted from his country. Two Venezuelans — Jose Gregorio Hernandez Cisneros, a doctor to the poor, and Carmen Rendiles Martínez, the founder of a religious order — will also be the first saints from the South American nation.”

“Two other incoming saints will speak to the Vatican’s attempt to attract and inspire younger believers,” writes Howard. There’s Pier Giorgio Frassati, “an athlete and avid mountaineer with movie star looks” who died in 1925 at the age of 24 after devoting much of his life to the poor. And Carlo Acutis, an Italian computer programmer who passed away in 2006 from leukemia at the age of 15. Acutis — whose purported locks of hair were going for $2,200 on the internet — will be the first millennial to be canonized, hence his nickname: “God’s influencer.” If he’s not #blessed, I don’t know who is.

It’s been a minute since the world paid attention to women’s reproductive rights, so here’s a much-needed update from Lisa Jarvis. Contrary to what you might think, the number of abortions in the US has steadily increased in the three years since Roe v. Wade was overturned, mainly because the FDA made it easier to prescribe and dispense abortion pills in 2021. “The method has become the most widely used form of abortion care, accounting for 63% of all abortions nationwide in 2023,” Lisa writes. “That shift has been facilitated by telehealth ... According to #WeCount, by the end of 2024, 25% of all abortions were provided by a virtual clinic, compared to just 5% in early 2022.” But — of course there’s a “but” — Republicans want to stop Planned Parenthood from receiving Medicaid funding and review mifepristone, so all that progress could soon be undone.

I consider myself a member of the not-so-exclusive club of People Who Know That Blackstone and BlackRock Are Different But Never Remember Why. Chris Hughes is here to clear that all up with this chart: Blackstone (blue line) is a private equity firm. BlackRock (black line) is an asset manager. Then there’s the gray line, Man Group, which is a rare publicly traded hedge fund. Why explain all of this when you’ll likely forget about it in a minute? Well, Wall Street legend