Brad Olson has resigned as chief financial officer of Guggenheim Partners, in order to join cloud-based enterprise software company Mezocliq as its first-ever president, Axios has learned. He has been with Guggenheim since late 2011, after stints with Nomura Securities, Merrill Lynch and Citigroup.

Why it matters: Guggenheim Partners is a massive investment and advisory firm, with more than $260 billion in assets under management. It's led by Mark Walter, who also owns the LA Dodgers, and will promote chief accounting officer Michael Levatino to the CFO role.

Next move: Mezocliq was founded by veteran tech CEO Vikas Kapoor, and focuses on enterprise data governance. Guggenheim, which declined comment for this story, is a client.

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35 mins ago - World

China bans Cruz and Rubio over Xinjiang criticism

Photos: Graeme Jennings/Pool/Getty Images; Al Drago/Pool/Getty Images

China said Monday that it will ban entry to Sens. Marco Rubio (R-Fla.) and Ted Cruz (R-Texas) over their criticisms of human rights abuses in Xinjiang, the AP reports.

The big picture: The move seems to be retaliatory after the U.S. announced sanctions on four Chinese officials for human rights abuses against Uighur Muslims and other ethnic minorities in the region last week.

Roger Stone says he plans to campaign for Trump

Roger Stone appears yesterday outside his home in Fort Lauderdale. Photo: Johnny Louis/Getty Images

Roger Stone told Axios in a phone interview that he plans to write and speak for President Trump's re-election now that Stone "won't die in a squalid hellhole of corona-19 virus."

"I'm asthmatic," said Stone, 67. "Sending me to a prison where I could not be socially distanced ... would, I think, be a death sentence."

Facebook's plan: Make nice, but don't give in

Illustration: Aïda Amer/Axios

Facebook last week took steadily intensifying heat from fleeing advertisers and boycott leaders and received a big thumbs-down from its own civil-rights auditors. Its response, essentially: We hear you, but we'll carry on.

The big picture: Early on in Facebook's rise, CEO Mark Zuckerberg learned to handle external challenges by offering limited concessions and soothing words, then charging forward without making fundamental changes.