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The Broadsheet: July 1

Good morning, Broadsheet readers! Misty Copeland makes history, Ellen DeGeneres launches her own lifestyle brand, and Team USA is going to the World Cup final. Plus: We get a peek into the frenetic world of Arianna Huffington. Have a productive Wednesday!

EVERYONE’S TALKING

A historic step. Misty Copeland, the breakout ballet star whose ad for Under Armour got over eight million views, scored another unique win: She’s been promoted to principal dancer by the American Ballet Theater, becoming the first African-American to hold that role in the storied company’s 75-year history. Time

ALSO IN THE HEADLINES

• Merkel shows no mercy. German Chancellor Angela Merkel dismissed a Greek bid for aid, just hours before the country’s bailout expired. Greece is now the first developed nation to default on its debt to the International Monetary Fund. Bloomberg

• Arianna’s world. This NY Times profile of Arianna Huffington examines how “the Internet’s most improbable media pioneer” created the Huffington Post. It’s a must-read for anyone who’s interested in the future of online news—a business Huffington continues to shape. New York Times

Look out, Gwyneth. Ellen DeGeneres is getting into the lifestyle business. The beloved talk show host has launched ED, a new brand encompassing everything from clothes and accessories to barware and throw pillows. Fortune

• On to the final. The good news: The U.S. women won their World Cup semifinal against Germany last night and will play in the final on Sunday. The not-so-good news: Head injuries in last night’s match are raising questions about the dangers of concussions in women’s soccer.

• Seriously? In more soccer news, a number of sportswriters called out the lead story on FIFA.com yesterday, noting that it described Team USA star Alex Morgan as having the “good looks to match” her playing style. USA Today

• Thank you, Donna. It’s the end of a fashion era: Donna Karan, founder and chief designer of Donna Karan International—a line best known for catering to working women—is leaving the company to focus on her wellness and artisanal goods line, Urban Zen.  New York Times

• Startup nations. The best countries for female entrepreneurs are Australia, Canada and the U.S., according to new research from Dell. And the worst? Bangladesh, Pakistan and India. Fortune

MOVERS AND SHAKERS: Diageo announced that CFO Deirdre Mahlan is becoming president of Diageo North America.

IN CASE YOU MISSED IT

• Hamp hangs it up. Julie Hamp, Toyota’s first female managing officer, has resigned. Hamp was arrested last month on suspicion of illegally importing the painkiller oxycodone into Japan. Fortune

• From the heart. Speaking at the commencement of Tsinghua University School of Economics and Management in Beijing, Sheryl Sandberg urged grads to inspire those around them, saying that real leaders “don’t just win the minds of their teams, they win their hearts.” Read the full transcript here.

• Strings attached. The Girl Scouts of Western Washington returned a $100,000 donation after the donor specified that the money “not be used to support transgender girls.” Seattle Met

• Boss lady blues. New research finds that working for a female boss does not help shrink the gender wage gap. Fortune

• Schumer’s blind spot? Amy Schumer, whose Comedy Central sketch show Inside Amy Schumer has been scoring big on the Internet, has been criticized for having a “blind spot” on the topic of race. Her reply? “I will joke about things you aren’t comfortable with. And that’s okay. Stick with me and trust I am joking.” The Atlantic

Quitting on Trump. Lupita Jones, Miss Universe 1991 and director of Mexico’s national beauty pageant, says the country won’t send a contestant to Miss Universe because of insulting remarks by Donald Trump, an owner of the pageant. Cheryl Burke also announced that she no longer plans to co-host the Miss Universe show.

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Correction: I misspelled the name of the company run by CEO Gracia Martore yesterday. It is TEGNA, not TENGA.

ON MY RADAR

With seconds to spare, 70-year-old woman finishes 100-mile endurance race  NPR

This documentary on plus-sized models will change the way you think about your body  Glamour

Katie Perry is on the cover of Forbes‘ highest-paid celebrities issue  Forbes

Wall Street exec must pay $18 million in sexual harassment suit  Fortune

QUOTE

If you're going to interrupt, you have to know what you're talking about. And you have to do it in a strong voice.

Former Secretary of State Madeleine Albright gives advice on getting things done.