Is there any better way for a Master of the Universe to spend the high season out in the Hamptons? Gary Cohn—the former president of Goldman Sachs and departed economic adviser to President Donald Trump—doesn't think so. —David E. Rovella Here are today's top storiesSaudi Arabia has curbed ties with two members of the Group of Seven as Crown Prince Mohammed bin Salman throws his weight around. First it was Germany. Now it's Canada's turn. JPMorgan CEO Jamie Dimon is warning that Wall Street should be prepared to face a benchmark 10-year bond yield at 5 percent or higher. After a weekend of White House bluster, China responded by saying it's ready to endure the economic fallout of Trump's global trade war. But the threat of more tit-for-tat tariffs may take its toll in other ways, namely imperiling President Xi Jinping’s environmental goals. How can sunny, windy weather and the clean green power it provides be a nightmare for utilities which provide electricity to Americans? This is how. The billionaire scion of a family that made a fortune with Wrigley chewing gum is moving into the business of medical marijuana. What's Sid Verma thinking about? The cross-asset reporter said the timing of Dimon's comments is curious, given that U.S. output is already reaching a putative cycle high. What you'll need to know tomorrowTrump is going after Iran again, this time by restoring sanctions.PepisCo's Indra Nooyi is stepping down, reducing by one the number of female CEOs.Britain is all-Brexit-all-the-time while the working poor are all but forgotten.Goldman Sachs may soon offer a boost to funds betting on cryptocurrencies.Why be just another billionaire with a yacht when you can own a fleet of cruise ships?Apple has a plan to keep from losing the fastest-growing smartphone market.Sotheby's missed out on a billionaire's $157 million sale of this expensive work of art.We make prescription opioids. And we want to limit their use. For over 25 years, we’ve developed opioid medications for patients with chronic pain, and we are acutely aware of the public health risks they can create. As such, we believe the country needs a new approach to prescribing opioids. What you'll want to read tonight Global warming has been good for Champagne, with temperatures that ensure grapes ripen every year. But spring frosts are more potent because buds appear earlier, and warmer nights encourage new pests and diseases. And as climate change accelerates, the future of bubbly may be in doubt. Photographer: PhotoAlto/James Hardy/Brand XLike Bloomberg's Evening Briefing? Subscribe to Bloomberg All Access and get much, much more. You'll receive our unmatched global news coverage and two in-depth daily newsletters, The Bloomberg Open and The Bloomberg Close. Get the best of Businessweek: Sign up for the Daily IQ newsletter to receive the most important Bloomberg Businessweek stories in your inbox each day. Download the Bloomberg app: It's available for iOS and Android | 