The Road to COP30.

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The biggest news in climate this week comes out of Nice, France, where global leaders have assembled for the 2025 United Nations Ocean Conference. Beginning today and running through Friday, attendees will take a hard look how much work remains to reach a sustainable balance with how we use and enjoy one of the most vital ecosystems for life on earth.

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If you follow Bloomberg Philanthropies CEO Patti Harris on Instagram (@pattiharrisphilanthropy), then you know that while oceans cover 70% of our planet, only about 8% of them are protected. It's a shocking figure. And under Patti's great leadership, Bloomberg Philanthropies has sprung into action to do something about it. 

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The Bloomberg Ocean Initiative is working to support the global 30x30 goal: Protect 30% of the oceans by 2030—and support better, longer lives for the 3 billion people who depend on the oceans for their livelihood.

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To drive this work forward, Patti announced a new $6.8 million investment over the weekend. That funding, paired with the deep expertise of Bloomberg Philanthropies' unmatched Environment team and their partners, will bolster the conservation of Brazil's ocean and coastal ecosystems, which include the world's largest mangrove forests and South Atlantic coral reefs.

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It's just the latest effort Bloomberg Philanthropies and Mike Bloomberg, the Captain Planet of the operation, are leading ahead of COP30, the massive UN Climate Change Conference that will be held in Belém, Brazil this November.

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As Mike wrote in his op-ed published Sunday in the French newspaper La Tribune: "Over the last decade, Bloomberg Philanthropies has launched global programs to combat overfishing, protect coral reefs, and create new marine protected areas."

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But there is much more we must do. To reach the 30x30 goal, Mike urges nations to take two bold, urgently needed steps:

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First, ratify the High Seas Treaty, which would create a framework for protecting the two-thirds of the ocean that lies outside of national borders.

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Second, sign binding agreements to track and publish information about all industrial fishing vessels and their owners, allowing governments and the public to identify illegal fishing and hold bad actors accountable. 

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"We're all in the same boat," Mike wrote, "and the longer we wait to act, the rougher the seas will get."

 ICE, Insurrection, and the 2,000 Troop Weekend.

Welcome to a week that begins with 2,000 members of the California National Guard on the streets of Los Angeles and is scheduled to end with Army tanks parading down the streets of Washington.

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The escalation: Over the past two days, protesters have confronted ICE agents during raids of businesses in Southern California, resulting in “several violent clashes,” including near a Home Depot in Paramount, CA. On Friday, demonstrators marched around a federal detention center in downtown LA — an action White House deputy chief of staff Stephen Miller called an “insurrection against the laws and sovereignty of the United States” in a tweet yesterday morning.

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Trump: “If Governor Gavin Newscum, of California, and Mayor Karen Bass, of Los Angeles, can’t do their jobs, which everyone knows they can’t, then the Federal Government will step in and solve the problem, RIOTS & LOOTERS, the way it should be solved!!!"

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It is the fight Trump had been waiting for, as the New York Times reported, a showdown with a political rival in a blue state over an issue core to his political agenda. In bypassing the authority of Gov. Newsom of California to call in the National Guard to quell protests in Los Angeles over his administration’s efforts to deport more migrants, Trump is now pushing the boundaries of presidential authority and stoking criticism that he is inflaming the situation for political gain.

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Local and state authorities had not sought help in dealing with the scattered protests that erupted after an immigration raid on Friday. But Trump and his top aides leaned into the confrontation with California leaders on Sunday, portraying the demonstrations as an existential threat to the country — setting in motion an aggressive federal response that in turn sparked new protests across the city.

What I'm Reading.

Musk Blinks First in Trump Feud That Cost Him $34 Billion (Bloomberg)

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The conflict marks a turning point in a relationship that defined the first several months of Trump’s return to office, when Musk and his small band of young techie coders raced through the government, seeking to slash spending, shutter agencies and cut the federal workforce. It also sends a warning shot to other billionaires who recently threw their support behind Trump, reminding them of the danger of crossing a president who is known to carry a grudge.

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Musk’s Empire at Risk After Trump Feud Opens Multi-Front Fight (Bloomberg)

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By simultaneously burning bridges with both his customers and now the political movement he funded and amplified for months, Musk now faces a rare convergence of threats: collapsing brand loyalty, shaky revenues, and mounting legal and regulatory risk.

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What's Next, A Statue?: Trump Will Celebrate Army’s Birthday - And His Own - With a Parade (Bloomberg)

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‌Donald Trump will host a military parade marking the 250th birthday of the US Army — as well as his own 79th birthday — on June 14. 

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The last major military parade in the US capital was in 1991, to celebrate the end of the Gulf War.

Student Housing Triage: Harvard in Talks with Universities to Host Students Hit by Donald Trump’s Visa Clampdown (Financial Times)

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Harvard has been in talks with leading US and international universities to temporarily house its foreign students facing bans under Trump’s clampdown on the college. Leaders from the University of Chicago and the London Business School are among those who have held discussions on accommodating students accepted for the coming academic year at Harvard, but who are now at risk of being denied visas. Other US universities are examining ways to help their own current and incoming foreign students, including relocating them to campuses outside the country.

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Let's Make a Deal: US, China to Resume Trade Talks With Focus on Rare Earth (Bloomberg)

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The US and China will resume trade talks today in London, with tariffs, rare-earth minerals and advanced technology at the top of the agenda. Each country has accused the other of reneging on a deal made in Geneva in May.

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Chinese exports to the US fell 34% last month, the worst drop in over five years.

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Gun Safety Latest: Supreme Court Leaves Intact Ban on High-Capacity Gun Magazines (Bloomberg)

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The US Supreme Court turned away a fresh gun-rights appeal, refusing to question the District of Columbia’s ban on large-capacity ammunition-feeding devices.

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On June 2, the high court rejected a similar appeal in a Rhode Island case along with a challenge to a Maryland ban on so-called assault weapons. In each case, the court fell one vote short of the four required to take up a new case.

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Keep Calm and Give 'Em Hell: The GOP's War on Clean Energy Makes Us Less Secure. Here's How to Fight Back. (SheekeyDaily.Com)

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In his latest post for The Sheekey Daily, Carl Pope writes, "The current tax bill winding it’s way through Congress could go down as the worst disaster for affordable and clean energy, public health, and climate stability in US–and perhaps world–history. This Congress is advancing a massive tsunami of dirty energy dependence, clean energy delay and economic and climate carnage. It’s staggering, and it’s easy to fall into despair. But it’s vital to understand instead how to fight back."

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Don't Miss Today's Daily Read Podcast: Click here to listen to the latest episode of the AI-generated companion of today's newsletter on Spotify. It's also available on Apple Podcasts.  Take a listen today.

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Major Triumph: Alcaraz, Gauff Survive Thrillers to Reign in Paris (Roland-Garros.com)

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Carlos Alcaraz staged one of the greatest comebacks in Grand Slam history, clawing back from two sets down to defeat Jannik Sinner in five-sets that lasted a record 5 hours and 29 minutes—the longest French Open final ever. Alcaraz saved three match points and clinched his fifth major, cementing his reputation as the sport’s new comeback king.

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On the women’s side, Coco Gauff made history of her own, becoming the first American woman since Serena Williams in 2015 to win the French Open. Gauff, just 21, rallied from a set down to topple Aryna Sabalenka, capturing her first Roland Garros crown and her second Grand Slam title.

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Broadway's Biggest Night: Tony Award Winners 2025: The Full List (New York Times)

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“Maybe Happy Ending” collected six Tony Awards — the most of any show — including best new musical. It was also a night of first Tony wins for several performers: Nicole Scherzinger for best leading actress in a musical for “Sunset Boulevard”; Sarah Snook for best leading actress in a play for “The Picture of Dorian Gray”; Cole Escola for best leading actor in a play for “Oh, Mary!”; and Darren Criss for best leading actor in a musical for “Maybe Happy Ending.”

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Purpose,” Branden Jacobs-Jenkins’s Pulitzer Prize-winning drama, won the Tony Award for best play; Jonathan Spector’s “Eureka Day” won best play revival; and Jamie Lloyd’s “Sunset Boulevard” won best musical revival.

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The Future Has Landed: Whisper-quiet Electric Helicopter-plane Could Turn New York City into ‘The Jetsons' (New York Post)

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This week, the first-ever passenger flight of an electric-powered plane in North America glided down onto the tarmac at JFK with little more than a whisper. The quiet milestone has big implications for the future of aviation. 

ALIA, an electric-powered plane, took off on the first ever North American passenger flight Tuesday morning. In 49 minutes, the plane traveled from East Hampton to JFK.

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Courtesy of BETA Technologies

Best of Late Night.

On Donald Trump and Elon Musk's bad bromance:

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"You can tell Trump is really mad at Elon because earlier today he was seen driving a Prius."

-- Jimmy Fallon

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"Trump said he hasn't felt this betrayed since McDonald's started putting apple slices in Happy Meals."

-- Jimmy Fallon

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“I’m starting to worry that two narcissistic megalomaniacs with a total inability to see value in other humans might have a hard time making friends.”

-- Stephen Colbert

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“I keep waiting to see Musk on a one-way SpaceX to El Salvador.”

-- Jimmy Kimmel