Snapchat app logo on an iPad. Photo: Carl Court/Getty Images
Snap chief financial officer Drew Vollero is stepping down on May 15 and will be replaced by Amazon finance VP Tim Stone, the company said Monday.
Why it matters: Snap has had a rocky time as a public company since its IPO a little over a year ago, but it is reportedly focused on profitability this year.
Illustration: Sarah Grillo/Axios
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The novel coronavirus pandemic is the "greatest test" the world has faced together since the formation of the United Nations just after the Second World War ended in 1945, UN chief António Guterres said Tuesday.
The big picture: COVID-19 cases surged past 856,000 and the death toll exceeded 42,000 Tuesday, per Johns Hopkins data. Italy reported more than 12,000 deaths.
President Trump said at a press briefing on Tuesday that the next two weeks in the U.S. will be "very painful" and that he wants "every American to be prepared for the days that lie ahead," before giving way to Deborah Birx to explain the models informing the White House's new guidance on the coronavirus.
Why it matters: It's a somber new tone from the president that comes after his medical advisers showed him data projecting that the virus could kill 100,000–240,000 Americans — even with strict social distancing guidelines in place.