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Chipotle founder Steve Ells will step down as CEO. Photo: Stephen Brashear / AP

Chipotle announced Wednesday that Steve Ells, who founded the burrito chain in 1993, will step down as CEO once they find a new leader to replace him, per CNBC. Ells will become executive chairman once the transition is complete.

Why it matters: The shakeup comes amid Chipotle's continued struggle to bounce back from repeated food-safety issues, from an E. coli crisis in 2015 to a norovirus outbreak earlier this year. The restaurant chain has tried several times restore its reputation, with new advertising campaigns and the introduction of queso to its menu. Now they're hoping a new leader can pull the chain out of its 2-year slump.

Go deeper

Biden administration seeks to allow separated migrant families to reunite in U.S.

Secretary of the Department of Homeland Security Alejandro Mayorkas announced Monday that the Biden administration will explore "lawful pathways" to allow migrant families separated under the Trump administration to reunite in the U.S.

Why it matters: Biden has pledged to reunite the hundreds of families still separated as a result of the Trump administration's "zero tolerance" policy, and signed an executive order last month creating a family separation task force chaired by Mayorkas.

CDC director warns "now is not the time" to lift COVID restrictions

CDC director Rochelle Walensky warned states on Monday that "now is not the time" to lift public health restrictions, as the recent dramatic declines in coronavirus cases and deaths "appear to be stalling."

Why it matters: While the average of 70,000 new infections and 2,000 daily deaths is nowhere near the extremely high levels recorded at the start of 2021, the figures are still a poor baseline to "stop a potential fourth surge" — especially with the threat posed by more contagious new variants, Walensky warned.

Sen. Elizabeth Warren introduces "ultra-millionaire" wealth tax bill

Photo: Greg Nash-Pool/Getty Images

Sen. Elizabeth Warren (D-Mass.) on Monday introduced a bill in the Senate that would impose a new tax on the assets of America's wealthiest individuals.

Why it matters: The plan, which Warren introduced along with Reps. Pramila Jayapal (D-Wash.) and Brendan Boyle (D-Pa.) is similar to a proposal that was the centerpiece of Warren's campaign for the presidency in 2020.

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