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Eric Gay/ AP

Texas has picked a new boss for its $40 billion public university system endowment, The University of Texas Investment Management Company, Axios has learned. It's Britt Harris, the current chief investment officer at the $133 billion Texas Teachers' Retirement System. He is expected to serve as both CEO and chief investment manager, following last fall's resignation of Bruce Zimmerman.

Some TRS staffers were informed of the move this afternoon, while UTIMCO has a board vote scheduled for tomorrow afternoon to make it official. No comment yet from either system, nor word on who will replace Harris at TRS.

Why it matters: UTIMCO manages one of the nation's largest university endowments, while TRS is one of its largest public pensions.

Background: Prior to joining TRS, Harris was CEO of Bridgewater Associates and chief investment officer and president of Verizon Investment Management.

Go deeper

55 mins ago - World

Biden backs Gaza ceasefire for first time in call with Netanyahu

Biden with Netanyahu in 2010. Photo: Debbi Hill/Pool/ Getty Images

President Biden expressed support for a ceasefire between Israel and Hamas in a call on Thursday evening with Israeli Prime Minister Benjamin Netanyahu, the White House said in a statement.

Why it matters: This is the first time since the beginning of the crisis last Monday that Biden or anyone in his administration has publicly backed a ceasefire. It will increase pressure on Israel to seek an end to the conflict, which Netanyahu has insisted will continue until Hamas' ability to attack Israel is further degraded.

3 hours ago - World

Schumer: "I want to see a ceasefire"

Photo: Sarah Silbiger/Bloomberg via Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) told reporters Monday he wants to "see a ceasefire reach quickly and mourn the loss of life."

Why it matters: Schumer is a staunch defender of Israel and has maintained that Israel should be able to defend itself.

6 hours ago - Health

Biden administration to send 20 million U.S.-authorized vaccine doses abroad

Photo: Ole Spata/Picture Alliance via Getty Images

President Biden will send an additional 20 million doses of coronavirus vaccines to other countries by the end of June, including shots authorized by the FDA for use in the U.S., White House press secretary Jen Psaki said Monday.

Why it matters: It will be the first time the U.S. has sent Pfizer, Moderna, and Johnson & Johnson vaccine doses abroad. The administration previously announced plans to export 60 million doses of the AstraZeneca vaccine, which has not been authorized domestically.