Intuit's Brad Smith. Photo by Stephen McCarthy via Getty Images

TurboTax maker Intuit today said that CEO Brad Smith will step down at year-end, at which point he'll become executive chairman. The CEO role will go to Sasan Goodarzi, who currently leads Intuit's small business and self-employed group.

  • The company also said chief technology officer Tyloe Stansbury will leave at year end, to be succeeded by Marianna Tessel.

Why it matters: Smith has one of the longer CEO tenures in Silicon Valley, with Intuit saying it generated more than a 600% shareholder return during his 11 years at the helm.

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Boeing's one-two punch

Illustration: Aïda Amer/Axios

The grounding of Boeing’s 737 MAX was the worst crisis in the plane-maker’s century-long history. At least until the global pandemic hit.

Why it matters: Wall Street expects it will be cleared to fly again before year-end. Orders for what was once the company’s biggest moneymaker were expected to rebound after the ungrounding, but now the unprecedented slump in travel will dash airlines’ appetite for the MAX and any other new planes, analysts say — putting more pressure on the hard-hit company.

New downloads of TikTok, WeChat to be blocked in U.S. on Sunday

Illustration: Sarah Grillo/Axios

The Commerce Department issued Friday an order blocking new downloads of WeChat and TikTok in the U.S. as of Sept. 20.

The state of play: President Trump has been in a standoff with TikTok, threatening to ban the app if its Chinese owner, ByteDance, does not relinquish control to a U.S. company. A deal is in the works with the American tech company Oracle, but would need to go through before Sunday to prevent TikTok from being ousted from app stores.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 30,211,680 — Total deaths: 946,710— Total recoveries: 20,551,632Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 6,676,410 — Total deaths: 197,655 — Total recoveries: 2,540,334 — Total tests: 91,546,598Map.
  3. Politics: Trump vs. his own administration on virus response.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: 1 million mortgage-holders fall through safety netHow the pandemic has deepened Boeing's 737 MAX crunch.
  6. Education: At least 42% of school employees are vulnerable.