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Photo: Stephen Zenner/SOPA Images/LightRocket via Getty Images

One of the world's biggest apparel companies said a board member, Veronica Wu, stepped down on Tuesday, days after emails obtained by Axios showed Wu dismissed racism in America and said Black Lives Matter activists were the "true racists."

What they're saying: VF Corp. — which owns iconic brands like The North Face, Timberland and Supreme — said Wu's decision to resign "was not the result of any disagreement with VF on any matter relating to VF’s operations, policies or practices."

  • A spokesperson said VF Corp. had no comment beyond the press release and did not respond to a question about why Wu stepped down from the board. Wu did not immediately respond to an email.
  • The company said its board would be reduced to 11 members from 12 "until a new director is identified."
  • Wu initially joined the board in 2019.

Catch up quick: “I don’t believe in Black Lives Matter. If anything I think they are the true racists trying to stir up things to make this country going [sic] to socialism or even communism potentially,” Wu wrote in part in an email exchange obtained by Axios in June 2020.

  • The email came in response to a note that Juneteenth would be recognized as a company holiday at Hone Capital, a venture capital firm where Wu served as managing partner.

Go deeper: Silicon Valley investor dismissed racism, called BLM "the true racists"

Go deeper

DOJ sues American Airlines, JetBlue to block "unprecedented" alliance

Photo: Andrew Harrer/Bloomberg via Getty Images

The Justice Department on Tuesday sued American Airlines and JetBlue to block an "unprecedented series of agreements" that will consolidate the two airlines' operations in Boston and New York City.

Why it matters: The civil antitrust complaint alleges that the planned Northeast Alliance (NEA) "will cause hundreds of millions of dollars in harm to air passengers across the country through higher fares and reduced choice," the DOJ said in a release.

FBI: Body identified as Gabby Petito, death ruled a homicide

A memorial dedicated to Gabby Petito near City Hall in North Port, Fla. Photo: Octavio Jones/Getty Images

A body found in Teton County, Wyoming, on Sunday was confirmed to be the remains of missing 22-year-old blogger Gabby Petito, the FBI announced Tuesday.

Driving the news: The death was ruled a homicide by the Teton County coroner's office, the FBI said. The cause of death has not been determined.

Ben Geman, author of Generate
4 hours ago - Energy & Environment

China vows end to building coal-fired power plants abroad

Chinese President Xi Jinping. Photo: Mary Altaffer/Pool/Getty Images

Chinese President Xi Jinping told the UN General Assembly Tuesday that his country "will not build new coal-fired power projects abroad" and plans to boost support for clean energy in developing nations.

Why it matters: The pledge, if maintained, would mark a breakthrough in efforts to transition global power away from the most carbon-emitting fuel.