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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

14 mins ago - Health

The floodgates have opened for vaccine mandates

Illustration: Sarah Grillo/Axios

State governments, private businesses and even part of the federal government are suddenly embracing mandatory coronavirus vaccinations for their employees.

Why it matters: Vaccine mandates have been relatively uncommon in the U.S. But with vaccination rates stagnating and the Delta variant driving yet another wave of cases, there's been a new groundswell of support for such requirements.

Ina Fried, author of Login
14 mins ago - Sports

Axios at the Olympics: Softball on the brink

Cat Osterman, pitching here against Japan on Monday, came out of retirement to play in the Tokyo Olympics. Photo: ina Fried

TOKYO – When the U.S. and Japan take the field in Yokohama on Tuesday, they are playing for more than just a gold medal. As badly as both teams want to win, they also want to show the world their sport deserves a permanent place in the Olympics.

Why it matters: Softball is returning to the Olympics after a 12-year absence, but its long-term Olympic future is uncertain, with the sport not part of the 2024 Games in Paris and plans up in the air after that.

Updated 38 mins ago - Sports

Naomi Osaka eliminated from Olympic Games tennis tournament

Czech 42nd-ranked Marketa Vondrousova (L) shakes hands with Japan's Naomi Osaka after their Tokyo 2020 Olympic Games women's singles third round tennis match at the Ariake Tennis Park in Tokyo on Tuesday. Photo: Giuseppe Cacace/AFP via Getty Images

Naomi Osaka was eliminated from the Olympics Games after losing her Tokyo tennis tournament match 6-1, 6-4 in the third round to Czech Marketa Vondrousova on Tuesday.

Of note: Japan's Osaka is the women's world No. 2, while is Vondrousova ranked No.42.