Daimler CEO stepping down after 12 years

Ola Källenius. Photo: Bildquelle\ullstein bild via Getty Images

Daimler AG CEO Dieter Zetsche is stepping down next year after 12 years with the company to make way for Ola Källenius, the company's research and development chief, reports the Wall Street Journal.

Why it matters: Källenius has been leading the company's push to produce electric vehicles and self-driving cars, making them one of the company's central focuses. Since 2009, per WSJ, Källenius has served in leadership roles at Mercedes-Benz — first as CEO of the U.S. division and later on its board as sales chief.

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Nxivm cult leader Keith Raniere sentenced to life in prison

Carts full of court documents related to the U.S. v. Keith Raniere case arrive at the U.S. District Court for the Eastern District of New York in May 2019. Photo: Drew Angerer/Getty Images

Nxivm cult leader Keith Raniere, 60, was sentenced to 120 years in prison on Tuesday in federal court for sex trafficking among other crimes, the New York Times reports.

Catch up quick: Raniere was convicted last summer with sex trafficking, conspiracy, sexual exploitation of a child, racketeering, forced labor and possession of child pornography. His so-called self-improvement workshops, which disguised rampant sexual abuse, were popular among Hollywood and business circles.

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