This is a web version of The Lever’s daily email newsletter.

🔥 New in The Lever: The government shutdown is good for flood insurers — but bad for homeowners.

👇 Spend three minutes reading this 939-word newsletter to learn about:

  • How hurricane season is turning into survival of the fittest.
  • Big Tech’s push to get back on the Senate’s good side.
  • Why the NBA allegedly ignored rigging.
  • The secret military payday hidden deep in the big, beautiful bill.
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TODAY'S NUGGETS

🤷🏻‍♂️ He was just kidding. Billionaire environmentalist Bill Gates has changed his tune when it comes to the climate: In a new memo, the Microsoft co-founder throws doubt on theories of global warming and claims that rising temperatures won’t lead to humanity’s demise, chastising “doomsday” appraisals of climate change. Gates’ sudden flip-flop comes as Big Tech firms ramp up artificial intelligence expenditures and electricity-guzzling data centers (together, Microsoft and Google consumed more power than 100 countries last year).