Photo: Adam Jeffery/CNBC/NBCU Photo Bank via Getty Images

CBS Corporation announced Sunday night that longtime leader Les Moonves will depart as chairman, president, and CEO. The announcement comes just hours after a second Ronan Farrow report in The New Yorker in which six more women alleged sexual misconduct by the television veteran.

Why it matters: Moonves is one of the most high-profile executives to be brought down by the #MeToo movement. His departure comes after weeks of inaction from CBS' board, which had drawn a great deal of criticism from advocacy groups.

The details:

  • The replacement: CBS COO Joe Ianniello will now serve as president and acting CEO, something insiders have long anticipated.
  • Board shakeup: CBS is getting rid of six board members, who voted to dilute its parent company shares, and is adding six new board members, including three women.
  • The terms: CBS also announced a settlement to end its legal battle with majority shareholder Shari Redstone and her holding company National Amusements Inc. NAI reaffirmed its previous position that it won't continue to push CBS to merge with its former sister company Viacom.
  • No payday: Moonves has been stripped of his $100 million-plus severance package due to the allegations. In a statement, Moonves and CBS said that they will donate $20 million of Moonves' severance to advocacy groups who support the #MeToo movement.

Go deeper: New Moonves accusations prompt reports of his imminent departure.

Go deeper

Biden: The next president should decide on Ginsburg’s replacement

Joe Biden. Photo: Drew Angerer / Getty Images

Joe Biden is calling for the winner of November's presidential election to select Ruth Bader Ginsburg's replacement on the Supreme Court.

What he's saying: "[L]et me be clear: The voters should pick the president and the president should pick the justice for the Senate to consider," Biden said. "This was the position the Republican Senate took in 2016 when there were almost 10 months to go before the election. That's the position the United States Senate must take today, and the election's only 46 days off.

Trump, McConnell to move fast to replace Ginsburg

Photo: Alex Wong/Getty Images

President Trump will move within days to nominate his third Supreme Court justice in just three-plus short years — and shape the court for literally decades to come, top Republican sources tell Axios.

Driving the news: Senate Majority Leader Mitch McConnell and Senate Republicans are ready to move to confirm Trump's nominee before Election Day, just 46 days away, setting up one of the most consequential periods of our lifetimes, the sources say.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 30,393,591 — Total deaths: 950,344— Total recoveries: 20,679,272Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 6,722,699 — Total deaths: 198,484 — Total recoveries: 2,556,465 — Total tests: 92,163,649Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: Massive USPS face mask operation called off The risks of moving too fast on a vaccine.
  5. Business: Unemployment drop-off reverses course 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.