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D.C. readers: Join Axios' Mike Allen Thursday at 8am for a News Shapers event focused on U.S. trade policy. See details at the bottom of the newsletter.

RSVP here.

Situational awareness:

  • CFTC Commissioner Rostin Behnam says financial risks from climate change are comparable to the mortgage meltdown that triggered the 2008 financial crisis. (NYT)
  • Sprint stock fell 6% Tuesday after Democratic attorneys general from 9 states and D.C. sued to block T-Mobile's $26.5 billion proposed takeover. (Bloomberg)
  • Juul said its Q1 sales were $528 million in a letter to investors, an increase of about 23% from the previous quarter's revenue. (Bloomberg)
  • Tens of thousands of demonstrators in Hong Kong stormed roads next to government offices in another day of protest, following an estimated 1 million who rallied against the proposed extradition bill over the weekend. (Reuters)

Mike will sit down with former Mexican Ambassador to the U.S. Arturo Sarukhan, Rep. Veronica Escobar (D-Texas), whose district's economy relies on cross-border trade, Sen. Mike Rounds (R-S.D.) on the way the farming state has been impacted by tariffs, and president of the U.S.-China Business Council Craig Allen to discuss U.S. trade policy and the news of the day. RSVP here.