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Longtime Apple design chief Jonathan Ive, right, with CEO Tim Cook. Photo: Justin Sullivan/Getty Images

Longtime Apple design head Jonathan Ive will leave the company later this year and set up his own design shop, with Apple as one of its clients.

Why it matters: Ive has led Apple's product conception efforts for more than two decades and has been involved with nearly all of the company's iconic products, from the iMac to the iPod and iPhone. He is also seen as the Apple executive most closely aligned to the product vision of the late Steve Jobs.

No one will immediately take over Ive's role as chief design officer. When Ive leaves at year-end, design team leaders Evans Hankey, vice president of industrial design, and Alan Dye, vice president of Human Interface design, will report to Apple COO Jeff Williams. Williams, Apple said, will spend more time in Apple's design studio as well.

What they're saying:

  • Apple CEO Tim Cook: “Jony is a singular figure in the design world and his role in Apple’s revival cannot be overstated, from 1998’s groundbreaking iMac to the iPhone and the unprecedented ambition of Apple Park, where recently he has been putting so much of his energy and care. Apple will continue to benefit from Jony’s talents by working directly with him on exclusive projects, and through the ongoing work of the brilliant and passionate design team he has built."
  • Jony Ive: "After nearly 30 years and countless projects, I am most proud of the lasting work we have done to create a design team, process and culture at Apple that is without peer. Today it is stronger, more vibrant and more talented than at any point in Apple’s history."

Go deeper:

Go deeper

Updated 26 mins ago - Politics & Policy

Senate action on stimulus bill continues as Dems reach deal on jobless aid

Photo: Alex Wong/Getty Images

Democratic leaders struck an agreement with Sen. Joe Manchin (D-W.V.) on emergency unemployment insurance late Friday, clearing the way for Senate action on President Biden's $1.9 trillion stimulus package to resume after an hours-long delay.

The state of play: The Senate will now work through votes on a series of amendments that are expected to last overnight into early Saturday morning.

Capitol review panel recommends more police, mobile fencing

Photo: Olivier Douliery/AFP via Getty Images

A panel appointed by Congress to review security measures at the Capitol is recommending several changes, including mobile fencing and a bigger Capitol police force, to safeguard the area after a riotous mob breached the building on Jan. 6.

Why it matters: Law enforcement officials have warned there could be new plots to attack the area and target lawmakers, including during a speech President Biden is expected to give to a joint session of Congress.

Financial fallout from the Texas deep freeze

Illustration: Annelise Capossela/Axios

Texas has thawed out after an Arctic freeze last month threw the state into a power crisis. But the financial turmoil from power grid shock is just starting to take shape.

Why it matters: In total, electricity companies are billions of dollars short on the post-storm payments they now owe to the state's grid operator. There's no clear path for how they will pay — something being watched closely across the country as extreme weather events become more common.