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Eric Schmidt, who has helped lead Google since 2001, is stepping down in January from his post as executive chairman of parent company Alphabet. While the company expects to name a new chairman of its board, it doesn't expect that person to serve as a company executive, as Schmidt did.

Why it matters: Schmidt has been the outside force guiding the company's founders for more than a decade.

In a statement, Schmidt said he, as well as Google CEO Sundar Pichai and company founders Larry Page and Sergey Brin, all felt the timing was right:

"The Alphabet structure is working well, and Google and the Other Bets are thriving," said Eric Schmidt. "In recent years, I've been spending a lot of my time on science and technology issues, and philanthropy, and I plan to expand that work."

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Amy Coney Barrett sworn in as Supreme Court justice

Amy Coney Barrett took the constitutional oath to serve as a Supreme Court justice at a White House ceremony Monday night, not long after the Senate voted to confirm her nomination to the high court in a 52-48 vote.

The state of play: Justice Clarence Thomas administered the oath. The Supreme Court wrote in a statement that Barrett will take the judicial oath on Tuesday, at which point she will be able to begin her work on the court.

Gulf Coast braces for Zeta after storm strengthens into hurricane

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane and threatened Mexico's Yucatan Peninsula as it moved towards the U.S. Gulf Coast.

The state of play: Zeta was expected to make landfall on the northern part of the Yucatan Peninsula Monday night, bringing with it a "dangerous storm surge" and "heavy rainfall" as it moved into the Gulf of Mexico, the National Hurricane Service said.