Your Evening Briefing

(Bloomberg) --

U.S. President Donald Trump arrived late to Thursday's NATO meetings, a fitting end to the tense summit. Next up on his European tour: a visit to the U.K., where Prime Minister Theresa May has just unveiled her blueprint for a "soft" Brexit. 

Here are today's top stories

Trump affirmed the U.S. commitment to NATO, but only after dragging top allies—Germany in particular—through a chaotic two days of insults, accusations and demands.

North Korean leader Kim Jong Un praised Trump in a letter written before U.S.-North Korean talks hit a snag. Now there are signs of disagreement between the two countries.

FBI agent Peter Strzok was attacked by Republicans for refusing to answer some questions on the probe of potential Trump campaign collusion with Russia. Strzok, who in 2016 exchanged messages critical of then-candidate Trump, said the hearing is another "notch in Putin's belt."

House Speaker Paul Ryan said Trump's trade policies—tariffs and pulling out of trade agreements—are a threat to the U.S. economy. 

Rupert Murdoch’s 21st Century Fox must make the next move in a standoff with Comcast, which increased its offer for broadcaster Sky to $34 billion.

Papa John's was already struggling when founder John Schnatter came under fire for using a racial slur. But shares rose as much as 16 percent when he resigned.

What's Dani Burger thinking about? The Bloomberg cross-asset reporter is looking at a broad market challenge. Momentum—a bet on stocks with the biggest returns over the past year—is in the midst of its worst run in two years. It may be the canary in the coal mine for a downturn.

What you'll need to know tomorrow

What you'll want to read tonight

Elon Musk’s hell is a midsize seda. The story of Tesla’s sprint to release the Model 3, based on interviews with members of the carmaker's design and engineering teams, suppliers and current and former workers, is a study in brilliant design and unbelievable hubris. It's a tale that includes granular details about air-conditioning design, raw sewage in the workplace and even a severed foot.

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