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Sridhar Ramaswamy is stepping down as Google's head of advertising and commerce in order to join venture capital firm Greylock as a venture partner.
Why it matters: Ramaswamy was overseeing the part of Google that generates most of its revenue.
Photo: Abdulgani Basheer/AFP/Getty Images
In the blink of an eye, we've entered a new phase on the coronavirus.
The big picture: Italy, Iran and South Korea are at "decisive" points in their responses, the World Health Organization said on Thursday.
A trader on the floor of the New York Stock Exchange. Photo: Johannes Eisele/AFP via Getty Images
Stocks fell more than 4% on Thursday, extending the market’s worst week since the financial crisis in 2008 following a spike in coronavirus cases around the world.
The big picture: All three indices are in correction, down over 10% from recent record-highs, amid a global market rout. It's the S&P 500's quickest decline into correction territory in the index's history, per Deutsche Bank.
33 people in California have tested positive for the coronavirus, and health officials are monitoring 8,400 people who have recently returned from "points of concern," Gov. Gavin Newsom said Thursday.
The big picture: COVID-19 has killed more than 2,800 people and infected over 82,000 others in some 50 countries and territories. The novel coronavirus is now affecting every continent but Antarctica, and the WHO said Wednesday the number of new cases reported outside China has exceeded those inside the country for the first time.