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Facebook has hired Michael Hillman, a 15-year Apple veteran, to head hardware efforts for its Oculus division, according to his LinkedIn profile. Hillman will work closely with Oculus COO Hans Hartmann, according to Bloomberg, which first reported the news.

At Apple, Hillman spend more than a decade working on the iMac and other desktop products, according to his LinkedIn profile, giving him extensive experience developing mass consumer products.

Why it matters: Facebook CEO Mark Zuckerberg has made it clear he views virtual reality as the next important computing platform, and the company is investing heavily in that area. Two months ago, it announced the hiring of Hugo Barra, a former Android executive who spent 3.5 years at Chinese mobile device giant Xiaomi.

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Dion Rabouin, author of Markets
58 mins ago - Economy & Business

Coronavirus surge is sinking consumer confidence

Data: Hamilton Place Strategies, CivicScience; Chart: Axios Visuals

The rise in coronavirus cases in certain parts of the U.S. is stunting confidence across the country, a crop of new reports show.

Driving the news: After stalling during the previous two-week period, overall economic sentiment declined for the first time in two months, according to the Economic Sentiment Index, a biweekly survey from data firm CivicScience and Hamilton Place Strategies (HPS).

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Obama: Trump is "jealous of COVID's media coverage."
  2. Health: Mask mandates help control the rise in coronavirus hospitalizations. Hospitals face a crush.
  3. Business: Coronavirus testing is a windfall. Winter threat spurs new surge of startup activity.
  4. Media: Pandemic causes TV providers to lose the most subscribers ever.
  5. World: Putin mandates face masks.

The GOP's monstrous math problem

Illustration: Sarah Grillo/Axios

Republicans, win or lose next week, face a big — and growing — math problem.

The state of play: They're relying almost exclusively on a shrinking demographic (white men), living in shrinking areas (small, rural towns), creating a reliance on people with shrinking incomes (white workers without college degrees) to survive.