Mike Bloomberg announced that he would support Democratic candidates for the U.S. House of Representatives in the 2018 midterms, publishing a column that said: “Republicans in Congress have had almost two years to prove they could govern responsibly. They failed.”

“I’ve never thought that the public is well-served when one party is entirely out of power, and I think the past year and a half has been evidence of that.”

“I believe that ‘We the People’ cannot afford to elect another Congress that lacks the courage to reach across the aisle and the independence to assert its constitutional authority. And so I will support Democratic candidates who are committed to doing both.”

Read the full statement: Michael Bloomberg: Why I’m Supporting Democrats in 2018

Coverage included:

New York Times: Michael Bloomberg Will Spend $80 Million in the Midterms. His Goal: Flip the House for the Democrats

Boston Globe: Is Bloomberg Making a Big Step to Run for President as a Democrat?

Axios: Michael Bloomberg Goes Big in 2018, Raising 2020 Buzz

New York Times Opinion Today: How To Beat Donald Trump (by David Leonhardt)

Most Read on the Bloomberg Terminal (Last 8 Hours):
Daimler Becomes First to Predict Profit Hit on Trade War; Cites Tariffs for Lower China SUV Sales (Bloomberg)
China Accuses U.S. of Trade ‘Abuses’ as India Hits Back at Trump (Bloomberg)

​Keeping Up Appearances: In Retreat on Family Separation Policy, Trump’s Focus Was on Looking Strong (Washington Post)

Trump Plans July Meeting with Vladimir Putin; Wants Russia to be Restored to International Community (Bloomberg)

Ant Financial is the Chinese Powerhouse that Scares Banks – and Wants to Make Them Customers (Bloomberg)

Bloomberg London Wins Again: The Royal Institute of British Architects (RIBA) today named Bloomberg London among the winners of the RIBA National Awards 2018. The judges’ citation concludes, “Overall the project is a tour-de-force…you cannot fail but be impressed by it.”

City AM: New Bloomberg HQ among Winners in National Architecture Awards
In Photos: RIBA Announces the UK’s Best Buildings for 2018 (Wallpaper)

Headlines from around the world.

Jerusalem Post: Sara Netanyahu Indicted for Falsely Charging State $100K for Meals

Bloomberg: New Zealand Prime Minister Jacinda Ardern Gives Birth to Girl

Daily Mail (UK): Thousands flock to Stonehenge for longest day of the year as two-week heatwave begins with temperatures set to hit a 81F high

The Korea Times: Kim, Xi discussed strategic cooperation: NK media

Bloomberg: Erdogan’s Grip on Turkey Is Loosening Even in His Black Sea Home

Best of late night.

“Trump made it a big signing ceremony to make it look like he did something good, instead of admitting he was just ending the evil thing he started. That’s like wanting credit for solving the crimes you committed. It’s all on the new CBS drama, ‘Murder, She Murdered.’”
–Stephen Colbert

“Yes, thank you, Mr. President, for lighting the house on fire and now taking credit for putting the fire out.”
— Jimmy Kimmel

For more Best of Late Night, click here.

Birthday of the Day:

Mike Allen of Axios. In my view the Ed Murrow of our time. It’s fitting a man that works harder than anyone I know, was also born on the longest day of the year. My morning email is only a pale and narrow imitation of what he produces every day. Sign up here to read Mikey if you have not already, and remember, “We must not confuse dissent with disloyalty. When the loyal opposition dies, I think the soul of America dies with it.”