Your morning briefing. All the news you need to start your day.

On today's podcast:

(1) Britain’s next prime minister must not pile more pressure on companies with further tax rises, one of the country’s largest business lobby groups has warned.

(2) Influential figures in Andy Burnham’s entourage have urged the would-be prime minister to break up the Treasury to refocus the government’s agenda on growth.

(3) NATO Secretary General Mark Rutte played to President Donald Trump’s love of praise and splashy visuals during a visit to Washington that was aimed at easing the US leader’s anger over alliance nations’ reluctance to help with the campaign against Iran.

(4) Micron Technology, the largest US maker of computer memory chips, surged in late trading after its quarterly sales forecast crushed Wall Street estimates, signaling that an AI-fueled growth run remains strong.

(5) A searing heat wave continues to disrupt schools, transport and tourist attractions across Europe.

(6) Key parts of the oil market are suddenly awash in supply, as a stream of cargoes out of the Strait of Hormuz accelerates after the US-Iran agreement to open the waterway.

(7) Brazilian forward Vinicius Junior scored twice yesterday evening as his country booked their place in the World Cup knockout stage.

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