Dan Steinberg / AP

As Snapchat's parent company prepares for an IPO this spring, Sony Entertainment CEO Michael Lynton is stepping down to focus full-time on his new job as chairman of Snap the company told news outlets on Friday. He will stay on for six months to help his replacement, Sony Corporation CEO Kazuo Hirai, learn the ropes.

Lynton and his wife invested in the ephemeral messaging app in 2013 and he's since been a close mentor to co-founder and CEO Evan Spiegel. Lynton quietly became chairman last year.

Despite efforts to turn things around at Sony's entertainment division, Lynton had to deal with a lack of movie hits and a devastating email hack in late 2014.

Between the lines: While Spiegel has managed to lead the company rather successfully despite his young age, it's no surprise Snap is bringing on an experienced media executive like Lynton to help steer the ship—and instill confidence in bankers ahead of its IPO.

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Updated 19 mins ago - Politics & Policy

Supreme Court denies Pennsylvania GOP request to limit mail-in voting

Protesters outside Supreme Court. Photo: Daniel Slim/AFP via Getty Images

The Supreme Court on Monday denied a request from Pennsylvania's Republican Party to shorten the deadlines for mail-in ballots in the state. Thanks to the court's 4-4 deadlock, ballots can be counted for several days after Election Day.

Why it matters: It's a major win for Democrats that could decide the fate of thousands of ballots in a crucial swing state that President Trump won in 2016. The court's decision may signal how it would deal with similar election-related litigation in other states.

Microphones will be muted during parts of Thursday's presidential debate

Photos: Jim Watson and Saul Loeb/AFP via Getty Images

The Commission on Presidential Debates adopted new rules on Monday to mute microphones to allow President Trump and Joe Biden two minutes of uninterrupted time per segment during Thursday night's debate, AP reports.

Why it matters: In the September debate, Trump interrupted Biden 71 times, compared with Biden's 22 interruptions of Trump.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Politics: Trump says if Biden's elected, "he'll listen to the scientists"Trump calls Fauci a "disaster" on campaign call.
  2. Health: Coronavirus hospitalizations are on the rise — 8 states set single-day coronavirus case records last week.
  3. States: Wisconsin judge reimposes capacity limit on indoor venues.
  4. Media: Trump attacks CNN as "dumb b*stards" for continuing to cover pandemic.
  5. Business: Consumer confidence surveys show Americans are getting nervousHow China's economy bounced back from coronavirus.
  6. Sports: We've entered the era of limited fan attendance.
  7. Education: Why education technology can’t save remote learning.

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