Evan Agostini/ Invision via AP
Bob Iger — who's rumored to be eyeing a bid for the 2020 presidential election — has extended his contract with Walt Disney through July 2019, an extension of one year beyond his previously pushed back retirement date.
The company said in its Thursday release that the extra year reflects Iger's record of success, but also the lack of a clear successor. Iger has served as Disney's CEO for 11 years.
A Shell station in Brazil. Photo: Rafael Henrique/SOPA Images/LightRocket via Getty Images
Royal Dutch Shell will shed up to 9,000 jobs as it undergoes a long-term restructuring around climate-friendly energy sources and continues to grapple with the coronavirus pandemic that has battered the oil industry.
Why it matters: The cuts could amount to over 10% of the company's global workforce, which was 83,000 at the end of 2019.
Illustration: Eniola Odetunde/Axios
Scientists are racing to learn more about the damage the novel coronavirus can do to the heart, lungs and brain.
Why it matters: It’s becoming increasingly clear that some patients struggle with its health consequences — and costs — far longer than a few weeks.
Illustration: Sarah Grillo/Axios