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Tecnomovida Caracas / Flickr Creative Commons

Recode's Kurt Wagner reports — and the company confirms — that WhatsApp has picked up a new executive from parent company Facebook. Matt Idema will serve as the messaging platform's first-ever chief operating officer.

What's his deal: His last job at Facebook was a high-level marketing role.

Why it matters: WhatsApp has a large user base but hasn't yet figured out how to convert that into a thriving business. Recode reports that Idema will be working on monetizing the product, which Facebook purchased in 2014 for $22 billion. There are other signs that the company is focused on earning money from WhatsApp: last year, the platform announced that it would start sharing some user data with Facebook — a potentially valuable move for the digital ad powerhouse.

Go deeper

JPMorgan: "Full global recovery" in 2022

Photo: Erik McGregor/LightRocket via Getty Images

JPMorgan Chase Global Research says in a forecast to clients: "2022 will be the year of a full global recovery, an end of the global pandemic, and a return to normal conditions we had prior to the COVID-19 outbreak."

The big picture: The bullish report sees "a return of global mobility, and a release of pent-up demand from consumers (e.g. travel, services)."

Inside Trump's hunt for "disloyal" Republicans

Illustration: Aïda Amer/Axios

Donald Trump and his associates are systematically reshaping the Republican Party, working to install hand-picked loyalists across federal and state governments and destroy those he feels have been disloyal, sources close to the former president tell Axios.

Why it matters: If most or all of Trump’s candidates win, he will go into the 2024 election cycle with far more people willing to do his bidding who run the elections in key states.

2 hours ago - Politics & Policy

CPI: The new jobs number

Grocery shoppers in Washington, D.C., last month. Photo: Ting Shen/Xinhua via Getty Images

The Consumer Price Index has replaced the jobs report as the most anticipated data drop by the U.S. government.

Why it matters: Rising prices tend to lower political fortunes. Washington and Wall Street are now waiting for the CPI number to flash at 8:30am ET around the 10th day of each month. This month's report — due Friday morning — will give a reading of how hot inflation ran in November.