Marvin Ellison at the White House before a meeting with President Trump. Photo: Andrew Harrer, Pool/Getty Images

Lowe's named J.C. Penney CEO Marvin Ellison as its new chief executive — effective July 2 — on Tuesday, reports CNBC. Ellison had previously worked for more than a decade at Home Depot, Lowe's main rival.

Why it matters: Fortune senior writer Phil Wahba tweeted that Ellison's move shows "he really has no more faith" in J.C. Penney's ability to rebound in a dwindling marketplace for traditional department stores. J.C. Penney's shares have sunk 4.21% in pre-market trading on the news.

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Post-debate poll finds Biden strong on every major issue

Joe Biden speaks Friday about "The Biden Plan to Beat COVID-19," at The Queen theater in Wilmington, Del. Photo: Drew Angerer/Getty Images

This is one of the bigger signs of trouble for President Trump that we've seen in a poll: Of the final debate's seven topics, Joe Biden won or tied on all seven when viewers in a massive Axios-SurveyMonkey sample were asked who they trusted more to handle the issue.

Why it matters: In a time of unprecedented colliding crises for the nation, the polling considered Biden to be vastly more competent.

Bryan Walsh, author of Future
6 hours ago - Science

The murder hornets are here

A braver man than me holds a speciment of the Asian giant hornet. Photo: Karen Ducey/Getty Images

Entomologists in Washington state on Thursday discovered the first Asian giant hornet nest in the U.S.

Why it matters: You may know this insect species by its nom de guerre: "the murder hornet." While the threat they pose to humans has been overstated, the invading hornets could decimate local honeybee populations if they establish themselves.