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Photo: Richard Drew / AP

Meg Whitman is stepping down as CEO of HP Enterprise early next year, and will be succeeded by current company president Antonio Neri.

Why it matters: This marks the end of Whitman's complicated second act, after having previously served as CEO of eBay during its stratospheric growth. She helped Hewlett-Packard navigate the broader tech industry's move to the cloud, but her early decision to hold onto the PC business was effectively scrapped in 2014 when she decided to split the company in half (she chaired the board of PC/printer-focused HP Inc. until this past summer).

Whitman had been in talks earlier this year to become CEO of Uber, but talks ultimately broke down after word of the discussions got leaked. She also continues to be mentioned as a future political candidate, despite having been handily beaten in the 2010 California gubernatorial election by Jerry Brown.

Meg Whitman's statement, via HPE:

"Now is the right time for Antonio and a new generation of leaders to take the reins of HPE. I have tremendous confidence that they will continue to build a great company that will thrive well into the future."

HPE shares were down around 7% in aftermarket trading.

  • Go deeper via The Information:"Whitman, 60, has transformed the company she took over in 2011. She slashed its debt and carved off the consumer PC and printer business into a separate company. HPE itself has been slimmed down through spin-offs and layoffs... Whitman hasn't been able to solve HPE's core problem, that companies are cutting back on purchases of servers and computer storage equipment, as they shift computing business to public cloud providers like Amazon Web Services."

Go deeper

Updated 2 hours ago - World

North Korea claims latest missile test new weapon launched from submarine

North Korean state media claims the country's military fired this missile on Tuesday. Photo: Korean Central News Agency

North Korean state media announced that a detected ballistic missile launch off its east coast on Tuesday was a newly developed weapon test-fired from a submarine.

Why it matters: Pyongyang's latest in a series of recent missile launches into the sea happened hours after U.S. officials emphasized their commitment to restart negotiations on North Korea's nuclear weapons program, which have stalled since talks broke down during the Trump administration, AP notes.

4 hours ago - Politics & Policy

Manchin's massive means test

Illustration: Aïda Amer/Axios

Sen. Joe Manchin (D-W.Va.) is offering progressives a trade: He'll vote for their cherished social programs if they accept strict income caps for the recipients, people familiar with the matter tell Axios.

Why it matters: Manchin’s plan to use so-called means-testing for everything from paid family medical leave to elder and disabled care would drastically shrink the size and scope of the programs. It also would bring a key moderate vote to the progressive cause.

The China whisperer

Nick Burns. Photo: Chen Mengtong/China News Service via Getty Images

President Biden's nominee for ambassador to China will face aggressive questioning Wednesday about the most important, and potentially perilous, bilateral relationship in the world.

Why it matters: While Nick Burns is an experienced diplomat with support on both sides of the aisle, lawmakers want to use his confirmation hearing to force the administration into some tough positions on China.