Apple

Apple confirmed on Tuesday that HR chief Denise Young Smith is moving to a new role as VP of diversity and inclusion. In the newly created post she will continue to report to CEO Tim Cook. The company's HR efforts, for now, will report to CFO Luca Maestri though it is widely understood that is temporary and that the company will hire a new HR chief.

What it means: The move gives more prominence to Apple's diversity effort, which Cook has already made a priority. Like other tech firms, Apple's workforce remains largely male and white, even with concerted efforts to boost inclusion.

"Denise's years of experience, expertise and passion will help us make an even greater impact in this area," Apple said in a statement to Axios.

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4 mins ago - Health

Trump administration invests $2 billion in coronavirus drugs

A Novavax researcher prepares to test the vaccine. Photo: Andrew Caballero-Reynolds/AFP via Getty Images

The Department of Health and Human Services and Department of Defense have awarded $1.6 billion to Novavax and $450 million to Regeneron Pharmaceuticals as part of the federal government's efforts to speed up the development of coronavirus treatments.

The bottom line: Federal scientists are holding out hope that these companies' treatments, along with other vaccines in development, will snuff out the spread of the coronavirus.

Breaking down the PPP disclosure debacle

Illustration: Eniola Odetunde/Axios

The U.S. Treasury Department Monday morning released the names over 660,000 small businesses that received Paycheck Protection Program loans of at least $150,000, per its recent compromise with Congress.

Yes, but: Within hours, several well-known companies and investment firms on the list denied that they had ever applied for PPP loans, let alone received them.

Updated 28 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 a.m. ET: 11,653,442 — Total deaths: 538,933 — Total recoveries — 6,336,160Map.
  2. U.S.: Total confirmed cases as of 10 a.m. ET: 2,939,540 — Total deaths: 130,312 — Total recoveries: 924,148 — Total tested: 36,032,329Map.
  3. Axios-Ipsos Coronavirus Index: Our response is becoming more polarized.
  4. Business: Rising cases pause U.S. economic recovery — Hospitals, doctors are major recipients of PPP loans.