Nov 19, 2018

Nissan chairman arrested for alleged financial misconduct

Nissan chairman Carlos Ghosn. Photo: Vincent Isore/IP3 via Getty Images

Nissan Chairman Carlos Ghosn has been arrested on allegations of under-reporting his income to the Tokyo Stock Exchange "over many years" and utilizing company assets for personal use. The company's board will meet Thursday to seek his removal.

The big picture: For most of his career, Ghosn had this superhero mystique — a turnaround expert and automotive visionary who favored corporate alliances, not mergers, for global success. But Ghosn never came close to achieving his vision of an all-electric world, and his edicts for 10% U.S. market share led Nissan to engage in unprofitable discounting and corner-cutting that led to quality problems.

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Updated 12 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

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  2. U.S.: Total confirmed cases as of 5 p.m. ET: 1,715,811 — Total deaths: 101,196 — Total recoveries: 391,508 — Total tested: 15,192,481Map.
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Trump signs executive order targeting protections for social media platforms

President Trump signed an executive order on Thursday designed to limit the legal protections that shield social media companies from liability for the content users post on their platforms.

What they're saying: "Currently, social media giants like Twitter receive an unprecedented liability shield based on the theory that they are a neutral platform, which they are not," Trump said in the Oval Office. "We are fed up with it. It is unfair, and it's been very unfair."

Updated 1 hour ago - Health

World coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Axios Visuals

Turkey will lift restrictions on intercity travel and allow several public places to reopen June 1, President Tayyip Erdogan said on Thursday, per Reuters.

By the numbers: Nearly 6 million people have tested positive for COVID-19 and over 2.3 million have recovered from the virus. Over 357,000 people have died globally. The U.S. has reported the most cases in the world with over 1.6 million.