May 2, 2018

Sprint CEO shifts role amid T-Mobile deal

Sprint CEO Marcelo Claure (right), seen here with T-Mobile CEO John Legere. Photo: T-Mobile

Sprint said on Wednesday that it is shifting Marcelo Claure to the role of executive chairman, while elevating current CFO Michel Combes to chief executive. Claure, meanwhile, will also take on a new role as COO of Sprint majority owner SoftBank.

Why it matters: The move comes as Sprint is trying to sell itself to T-Mobile U.S. T-Mobile CEO John Legere is set to run the combined company, but the deal is still likely a year from approval, and that's assuming regulators sign off.

Sprint made the announcement coincident with its quarterly earnings report, where it noted it has just wrapped up the most profitable year in company history.

On a conference call with analysts, Claure said his focus as executive chairman will be to work on securing regulatory approval for the deal.

To that end, Claure said he spent the past two days in Washington with Legere meeting with regulators at the FCC and DOJ.

"It is very early as you are aware," Claure said. "This is going to be a long journey. Overall I would say I am happy with the fact we have been received with an open mind."

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 p.m. ET: 657,691 — Total deaths: 30,438 — Total recoveries: 139,263.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 5 p.m. ET: 119,748 — Total deaths: 1,991 — Total recoveries: 921.
  3. Federal government latest: President Trump is considering a quarantine on New York, parts of New Jersey and Connecticut. He signed a $2 trillion stimulus bill to give businesses and U.S. workers financial relief.
  4. State updates: Alaska is latest state to issue a stay-at-home order — New York is trying to nearly triple its hospital capacity in less than a month and has moved its presidential primary to June 23. Some Midwestern swing voters that supported Trump's handling of the virus less than two weeks ago are now balking at his call for the U.S. to be "opened up" by Easter.
  5. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  6. 🚀 Space updates: OneWeb filed for bankruptcy amid the novel coronavirus pandemic.
  7. Hollywood: Tom Hanks and Rita Wilson have returned to U.S. after being treated for coronavirus.
  8. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  9. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Infant dies after testing positive for coronavirus in Chicago

Hospital staff working inside a COVID-19 screening tent in Chicago on March 26. Photo: Jim Vondruska/NurPhoto via Getty Images

An infant less than one year old died in Chicago, Illinois after testing positive for the novel coronavirus, the state health department said on Saturday.

Why it matters: The death would mark the first reported infant mortality from COVID-19 in the U.S. The fatality rate for the novel coronavirus in the U.S. is highest among those over 85 years old, per the CDC.

Trump weighs quarantine of New York, New Jersey, Connecticut

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios

President Trump said on Saturday he is considering a "short term" quarantine of New York, New Jersey and parts of Connecticut — states that have already taken steps to quarantine residents and promote social distancing.

The big picture: With 112,000 people infected, the U.S. has the most COVID-19 cases in the world, exceeding China and Italy, per data from Johns Hopkins. A second wave of American cities, including Boston, Detroit, New Orleans and Philadelphia, are reporting influxes of cases.

Go deeperArrowUpdated 2 hours ago - Health