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Jeffrey Housenbold. Photo: Amy E. Price/Getty Images for SXSW

SoftBank managing partner Jeffrey Housenbold announced internally on Friday afternoon he will be leaving in July, the company confirmed to Axios.

Why it matters: Housenbold, who joined roughly four years ago, is one of the leaders of SoftBank's ambitious Vision Fund, leading investments in 17 companies. He is currently on the boards of companies like DoorDash, Compass, Katerra, Rappi and Memphis Meats.

  • SoftBank's $600 million stake in DoorDash has grown in value to $13.3 billion, while its $450 million investment in OpenDoor (whose board Housenbold left last month) is now worth $2.1 billion, according to a source familiar with the firm's financials.

From Rajeev Misra, CEO of SoftBank Investment Advisers/Vision Funds:

Jeff has been an exceptional investor, a trusted advisor to our companies, a strategic thought leader, and a champion of diversity and inclusion. I’d like to thank him for his many significant contributions, and I wish him all the best on his next endeavor. 

Editor's note: The story has been updated with additional information.

Go deeper

1 hour ago - Health

U.S. ahead of pace on vaccines

A health care worker administers a dose of the Moderna vaccine in Ruleville, Mississippi. Photo: Rory Doyle/Bloomberg via Getty Images

The U.S. is now vaccinating an average of 2 million people a day, up from 1.3 million in early February.

Why it matters: That puts us on track to hit President Biden's goal of 100 million doses a month ahead of schedule.

Updated 3 hours ago - Politics & Policy

Harris breaks tie as Senate proceeds with lengthy debate on COVID relief bill

Photo: Oliver Contreras/Bloomberg via Getty Images

The Senate on Thursday voted 51-50 — with Vice President Kamala Harris breaking the tie — to proceed to debate on President Biden's $1.9 trillion coronavirus rescue package, likely setting up a final vote this weekend.

The state of play: Sen. Ron Johnson (R-Wis.) is forcing the Senate clerk to read the entire 628-page bill on the floor, a procedural move that will likely add 10 hours to the 20 hours already allotted for debate.

4 hours ago - World

Netanyahu campaigns against Biden's plan to save Iran deal

Netanyahu campaigns at a gym last month. Photo: Pool/AFP via Getty

Israeli Prime Minister Benjamin Netanyahu indirectly criticized the Biden administration for its intention to return to the Iran nuclear deal and told his supporters he was prepared to "stand against the entire world" to stop it.

Why it matters: This is a major change of tune for Netanyahu, who had been careful in his statements on the Iran deal and avoided publicly criticizing President Biden. The statement was part of Netanyahu's attempt to rally his base ahead of Israel's election on March 23.