2026-04-21
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Published by Capital Client Group, Inc. Good morning from the Financial Times.
Today is Tuesday, April 21st, and this is your FT News Briefing.
There are big changes happening at Apple, and Keir Starmer makes his case in the Peter Mandelson vetting scandal.
Plus, wealth managers are sitting pretty from the private credit boom.
We'll tell you why.
I'm Mark Filippino, and here's the news you need to start your day.
Tim Cook is stepping down as CEO of Apple.
The iPhone maker announced that John Ternus,
the company's hardware chief, will take over when Cook retires at the beginning of September.
Cook has led Apple for 15 years.
He took over from founder Steve Jobs in 2011.
In that time, Apple grew 10 times larger.
It 's the world's leading smartphone company and also a services behemoth with things like the App Store, Apple Pay,
and iCloud.
Cook's departure from the top job caps a year and a half of high-profile moves at Apple.
Several of its top executives left or stepped back.
Cook will remain on as chair of the big tech company after Ternus takes over.