- In today’s CEO Daily: What Japan teaches us about climate change reaction.
- The big leadership story: Is there more than one AI bubble?
- The markets: Rising higher as volatility eases.
- Plus: All the news and watercooler chat from Fortune .
Good morning from Japan, where my son and I have been traveling the past two weeks. We landed in Tokyo amid 102.4-degree heat (39.1°C), which almost made it kokushobi or a “cruelly hot day”—a designation introduced in April to warn the public when temperatures rise above 40 degrees Celsius. There’s also the torrential rainfall this summer, including last week’s historic downpour in Chiba Prefecture that stranded travelers, disrupted power, and killed at least 8 people. But Japan is not just a nation having another frighteningly hot summer—it has become one of the world’s most advanced climate-adaptation labs, one U.S. leaders and companies may look to as temperatures climb here.