You can ignore Trump’s threats to leave NATO: Pimco says they’re a ‘paper tiger’

Everything you need to know before you reach the office this morning.

Good morning. On Fortune’s radar today:

• Markets: 🤷
• The cost of the Iran war so far: up to $200 billion.
• Pimco: Ignore Trump’s threats to leave NATO. Not gonna happen.
• The curse of Elon!
• AI is killing Bitcoin.
• Wall Street’s spookiest (and most manipulated) chart.
• Did you get your tariff refund? $26 billion paid out already.
• Goldman and J.P. Morgan are WFH on World Cup days.

This story was originally featured on Fortune.com