We’ve now got the full text of the U.S.-Iran peace deal—and allies are appalled at the gains it hands to Iran

Everything you need to know before you reach the office this morning.

Good morning. On Fortune’s radar today:

• We’ve now got the full text of the U.S.-Iran peace deal.
• Allies are glad the war is over but appalled at the gains it hands to Iran.
• Markets threw a fit over Kevin Warsh’s first appearance as Fed chief.
• Europe’s Most Innovative Companies: See the definitive list here.
• Elon Musk may have accidentally chosen the future prime minister of Britain.
• Delinquent U.S. credit card debt is “back in line with the Global Financial Crisis peak,” Goldman Sachs warns.
• There’s a specific financial reason why Hollywood is full of British people.
• [Fortune 500 Digest will take a day off on Friday and resume on Monday.]

This story was originally featured on Fortune.com