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Gavin Williamson. Photo: Wiktor Szymanowicz/Barcroft Media via Getty Images

U.K. Defense Secretary Gavin Williamson was fired by Prime Minister Theresa May on Wednesday over his role in a leak of secret information regarding the role of China's Huawei in building out British 5G networks, the BBC reports. He was replaced by Secretary of International Development Penny Mordaunt, the first woman to hold the position.

The big picture: May told Williamson in his firing letter that the investigation into the leak provided "compelling evidence suggesting [his] responsibility for the unauthorized disclosure." The leak came from the U.K.'s National Security Council, "a forum where secret intelligence can be shared by GCHQ, MI6 and MI5 with ministers, all of whom have signed the Official Secrets Act," per the BBC.

Go deeper: Why Huawei is the United States' 5G boogeyman

Go deeper

Janet Yellen confirmed as Treasury secretary

Janet Yellen. Photo: Alex Wong/Getty Images

The Senate voted 84-15 to confirm Janet Yellen as Treasury secretary on Monday.

Why it matters: Yellen is the first woman to serve as Treasury secretary, a Cabinet position that will be crucial in helping steer the country out of the pandemic-induced economic crisis.

Dan Primack, author of Pro Rata
4 hours ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.