Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Global stocks paused after a record-breaking run, with a sharp selloff in heavyweight technology shares dragging markets lower and futures indicating further declines. (2) President Donald Trump has bought hundreds of bonds since he returned to office, including those sold by US companies affected by the sweeping changes to federal policies he’s championed. (3) A package of security guarantees for Ukraine will take shape as soon as this week as leaders seize on President Donald Trump’s backing for a plan that involves sending European troops as part of a potential peace deal. (4) Thousands of firefighters worked overnight to contain dozens of deadly wildfires burning across Spain and Portugal as heat and gusty winds spread blazes through dry brush, forests and crops. (5) When a company abruptly ditches its CEO, the costs of the shakeup can quickly add up. Bloomberg News consulted with compensation consultants, academics, corporate lawyers, executive-search advisors and public-relations experts on the true cost of firing your CEO. (6) Overtourism and climate change have created a dangerous feedback loop that endangers Southern Europe’s tourism industry.Podcast Conversation: Why We Love Succession Dramas About Billionaire Family BusinessSee omnystudio.com/listener for privacy information.

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