Oath CEO Tim Armstrong. Photo: Rachel Murray/Getty Images for MAKERS

Former AOL chief Tim Armstrong is negotiating an exit plan with Verizon, according to the Wall Street Journal. Verizon's Oath unit, which Armstrong has been instrumental in building, owns AOL and Yahoo.

Why it matters: An internet veteran, Armstrong is one of the most knowledgable people inside Verizon on the ins and outs of online advertising. The real question is whether his exit is natural fallout or a sign new Verizon CEO Hans Vestberg is less interested in that side of the business.

Asked about the report at a Bank of America conference Friday, Verizon CFO Matt Ellis said the company didn't comment on speculation and had no personnel announcements to make, adding that Verizon's commitment to Oath hasn’t changed and remains strong.

In April, Verizon hired former Alibaba executive K. Guru Gowrappan as president and COO for Oath, with Gowrappan assuming many of Armstrong's day-to-day responsibilities.

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Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 10 p.m. EST: 32,135,220 — Total deaths: 981,660 — Total recoveries: 22,149,441Map.
  2. U.S.: Total confirmed cases as of 10 p.m EST: 6,975,980 — Total deaths: 202,738 — Total recoveries: 2,710,183 — Total tests: 98,481,026Map.
  3. Politics: House Democrats prepare new $2.4 trillion coronavirus relief package.
  4. Health: Cases are surging again in 22 states — New York will conduct its own review of coronavirus vaccine.
  5. Business: America is closing out its strongest quarter of economic growth.
  6. Technology: 2020 tech solutions may be sapping our resolve to beat the pandemic.
  7. Sports: Pac-12 will play this fall despite ongoing pandemic — Here's what college basketball will look like this season.
  8. Science: Global coronavirus vaccine initiative launches without U.S. or China — During COVID-19 shutdown, a common sparrow changed its song.
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Pac-12 will play football this fall, reversing course

A view of Levi's Stadium during the 2019 Pac-12 Championship football game. Photo: Alika Jenner/Getty Images

The Pac-12, which includes universities in Arizona, California, Colorado, Oregon, Utah and Washington state, will play football starting Nov. 6, reversing its earlier decision to postpone the season because of the coronavirus pandemic.

Why it matters: The conference's about-face follows a similar move by the Big Ten last week and comes as President Trump has publicly pressured sports to resume despite the ongoing pandemic. The Pac-12 will play a seven-game conference football season, according to ESPN.

Dave Lawler, author of World
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Global coronavirus vaccine initiative launches without U.S. or China

Data: Gavi, The Vaccine Alliance; Map: Naema Ahmed/Axios

A global initiative to ensure equitable distribution of coronavirus vaccines now includes most of the world — but not the U.S., China or Russia.

Why it matters: Assuming one or more vaccines ultimately gain approval, there will be a period of months or even years in which supply lags far behind global demand. The COVAX initiative is an attempt to ensure doses go where they're most needed, rather than simply to countries that can produce or buy them at scale.

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