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Thomas Farley at the World Economic Forum in Davos. Photo by: David A. Grogan via Getty Images.

Thomas Farley this morning stepped down as president of the New York Stock Exchange after a four-year run.

What's next: Farley will serve as CEO of Far Point Acquisition Corp., a blank check acquisition company that filed to raise $400 million to buy one or more financial technology companies.

Farley, who declined comment due to "quiet period" restrictions, is being joined on Far Point by chief financial officer David Bonanno (an exec with Dan Loeb's hedge fund, Third Point) and directors Gen. Stanley McChrystal, Nicole Seligman (ex-Sony Entertainment president) and Laurence Tosi (ex-CFO of Airbnb and The Blackstone Group).

  • He'll be succeeded at NYSE by Stacey Cunningham, who had been the group's COO and will become its first-ever female leader.

Go deeper

Bryan Walsh, author of Future
2 mins ago - Politics & Policy

America is anxious, angry and heavily armed

Data: FBI; Chart: Andrew Witherspoon/Axios

Firearms background checks in the U.S. hit a record high in 2020.

The big picture: This past year took our collective arsenal to new heights, with millions of Americans buying guns for the first time. That trend coincides with a moment of peak political and social tension.

Mike Allen, author of AM
1 hour ago - Economy & Business

America on borrowed time

Illustration: Aïda Amer/Axios

Economic recovery will not be linear as the world continues to grapple with the uncertainty of the pandemic.

Why it matters: Despite being propped up by an extraordinary amount of fiscal stimulus and support from central banks, the state of the global economy remains fragile.

Scoop: Gina Haspel threatened to resign over plan to install Kash Patel as CIA deputy

CIA Director Gina Haspel. Photo: Win McNamee/Getty Images

CIA Director Gina Haspel threatened to resign in early December after President Trump cooked up a hasty plan to install loyalist Kash Patel, a former aide to Rep. Devin Nunes (R-Calif.), as her deputy, according to three senior administration officials with direct knowledge of the matter.

Why it matters: The revelation stunned national security officials and almost blew up the leadership of the world's most powerful spy agency. Only a series of coincidences — and last minute interventions from Vice President Mike Pence and White House counsel Pat Cipollone — stopped it.