Jun 21, 2018

Intel CEO resigns over past relationship with employee

Former Intel CEO Brian Krzanich. Photo: Justin Sullivan/Getty Images

Intel Corp. announced that CEO Brian Krzanich has resigned, effective immediately, after it was discovered that he had an undisclosed "past consensual relationship" with an Intel employee. The company's stock fell just over 1% on the news, dropping its market cap to around $246 billion.

What's next: Intel's board named CFO Robert Swan as the company's interim CEO. Intel Chairman Andy Bryant said in a statement, "Bob has been instrumental to the development and execution of Intel’s strategy, and we know the company will continue to smoothly execute."

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Dave Lawler
Updated 1 hour ago - World

At least 50 killed, 3,000 injured after massive explosion rocks Beirut

Photo: Anwar Amro/AFP via Getty Images

A major explosion has slammed central Beirut, Lebanon, damaging buildings as far as several miles away and injuring scores of people.

Driving the news: The cause of the explosion is unknown. Lebanon's health minister said in televised remarks that more than 50 people have been killed and over 3,000 injured.

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Axios
2 hours ago - Podcasts

The debate over COVID-19 liability protections

Stimulus talks continue to move slowly, with Democrats and Republicans unable to agree on whether or not to include coronavirus-related liability protections for businesses, health facilities and schools.

Axios Re:Cap digs into the debate, which could reset the cost-benefit analysis for businesses thinking about reopening and employees thinking about returning.

Editor’s note: This episode has been updated to clarify that McConnell said a "second pandemic" of litigation could be coming, not legislation.

Axios
Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 18,364,694 — Total deaths: 695,848 — Total recoveries — 10,965,634 — Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 4,742,277 — Total deaths: 156,133 — Total recoveries: 1,513,446 — Total tests: 57,543,852 — Map.
  3. States: New York City health commissioner resigns in protest of De Blasio's coronavirus response — New York ER doctor on pandemic advice: "We know what works"
  4. Public health: 59% of Americans support nationwide 2-week stay-at-home order in NPR poll — Atrium Health CEO says "virtual hospital" has treated 13,000 COVID patients.
  5. Politics: Republicans push to expand small business loan program — Trump tells "Axios on HBO" that pandemic is "under control," despite surges in infections.
  6. Sports: Indy 500 to be held without fans — Rafael Nadal opts out of U.S. Open.
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