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Report: Jimmy Iovine to leave Apple Music in August

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

Rebecca Falconer
Updated 4 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

Go deeper (1 min. read)Arrow
Alayna Treene, author of Sneak Peek
4 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Felix Salmon, Stef W. Kight
5 hours ago - Politics & Policy

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.

Go deeper (1 min. read)Arrow