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Photo by Chris Pizzello/Invision/AP)

Jimmy Iovine, the co-founder of Beats Electronics (formerly Beats by Dre) will be leaving Apple in August, Billboard reports. Sources tell Billboard his departure coincides with the timing of his Apple shares fully vesting.

Why it matters: Iovine joined Apple in 2014 when it acquired Beats for $3 billion. His role was never really publicly spelled out, but he was believed to have a strong role in shaping Apple Music. Apple's chief executive Tim Cook says he hopes to double Apple's services revenue, which includes Apple Music, by 2020.

Go deeper

Updated 2 hours ago - World

Islamic State claims responsibility for deadly bombing in southern Afghanistan

The mosque after the explosion in southern Kandahar province on Oct. 15. Photo: Murteza Khaliqi/Anadolu Agency via Getty Images

The Islamic State group claimed responsibility for a massive blast that tore through a crowded Shiite mosque in the southern Afghan city of Kandahar on Friday, killing at least 47 people and injuring dozens more, AP reports.

Why it matters: Friday's attack was the deadliest to strike Afghanistan since the U.S. withdrew its troops from the region and is the second major attack on a Shiite mosque in a week, underscoring the Taliban's growing security threat from other militant groups.

New wave of strikes will test worker power

Illustration: Sarah Grillo/Axios

Thousands of John Deere workers hit the picket line this week after the union smacked down a new worker contract from the farm and equipment maker.

Why it matters: There’s a wave of worker angst spreading across the country. They wield new power that’s come with a historic worker shortage.

Bryan Walsh, author of Future
5 hours ago - Technology

The smart city comes of age

Illustration: Aïda Amer/Axios

Better sensors, more intelligent AI, and the coming wave of 5G wireless could finally fulfill the promise of the smart city.

Why it matters: How we organize, run and power our cities will be increasingly important in the years ahead, as urbanization expands and the damaging effects of climate change compound.