Here’s what we’re reading today.
1. Trump warns that ‘major, major conflict’ with North Korea is possible
“Mr. Trump’s remarks came amid signs that North Korea might soon conduct another underground detonation at its Punggye-ri nuclear test site despite Mr. Trump’s warning not to do so. China has played a mediating role in the crisis, as Mr. Trump has urged Mr. Xi to use Beijing’s leverage with North Korea, a longtime ally, to persuade it not to conduct a test.”
+1: Trump threatens to terminate free trade deal with South Korea if they don’t pony up for new missile defense system – NBC News
+1: “As the president nears his hundredth day in office, he seems increasingly concerned about how he’ll measure up.” – The Atlantic
+1: Congress avoids government shutdown – for now. – Washington Post
2. Inside Kevin O’Leary’s last day as a wannabe politician
“At 6:45 a.m. on Wednesday, Kevin O’Leary was already on the road to Hamilton, Ont., in a black rental Chrysler sedan driven by one of his young campaign staffers. “We have to scrimp and save,” Mr. O’Leary said dryly, as he buckled himself into the front seat.”
+1: Who’s actually winning the Tory leadership race – Vice News
ICYMI: William Shatner just threw some serious shade at Kevin O’Leary – Sharp Magazine
3. Coca-Cola to cut 1,200 jobs as consumers turn away from sugary drinks
“Coca-Cola has announced plans to cut about 20 per cent of it corporate workforce, as the company battles a drop in sales due to falling demand for its sugary drinks.
“The US firm said it will cut 1,200 jobs starting later this year as it increases its cost-cutting target by $800m and is now expecting to save $3.8bn by 2019.”
4. The Fyre Festival, built on Instagram, dies by Instagram
“Should you take your morning coffee with schadenfreude, you’re in luck: the Fyre Festival, a luxury event built on Instagram models and ticket packages valued ‘in excess of $104,995,’ is in shambles, with tales of rich kids stranded in Miami and the Bahamas on their way to their first big festival, which organizers announced at 8 A.M. on Friday morning had been ‘postponed.’
5. Whole Foods has a big problem: Everyone else copied Whole Foods
“Whole Foods was once a novel experience — a grocery wonderland where everything from organic tortilla chips to locally-grown salad greens made you feel good at last! about eating again.
“It was a unique enough niche to fuel the company’s growth for decades. But the niche was tempting enough that competitors large and small underwent their own Whole Foods-esque makeovers — adding aisles of organic produce and grass-fed, cage-free, no-antibiotics-ever meats.”