Why Apple Bet on an Engineer to Lead the AI Era

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  Hey, it's Ryan Knutson, host of The Journal podcast, our show about money, business, and power.

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  A changing of the guard at Apple as hardware engineer John Ternus prepares to steer the company into the AI era.

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  Plus, Spirit Airlines looks to Washington for a financial lifeline,

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  and the White House gives a boost to the psychedelic drug industry.

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  A whole slew of companies have been trying to take these kind of age-old psychedelic drugs like MDMA,

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  LSD, magic mushrooms, and professionalizing them, turning them into legit treatments for mental illness.

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  And President Trump signed an executive order basically telling the FDA to expedite the review of a bunch of these drugs.

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  It's Tuesday, April 21st.

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  I'm Luke Vargas for The Wall Street Journal.

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  And here is the AM edition of What's News, the top headlines and business stories moving your world today.

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  As we reported yesterday, Apple will be getting a new CEO come September

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  when Hardware Division Chief John Ternus takes the reins from Tim Cook.

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  The leadership shakeup is the company's first in 15 years and comes as some critics contend that Apple

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  needs to rekindle its innovative fire as its rivals pour resources into computing infrastructure and AI tools.

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  And while Ternus will likely feel that pressure,

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  Cook shared this advice for his eventual successor with Journal columnist Ben Cohen in a recent interview.

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  So I would say, you know, be yourself, keep a firm North Star on the values of the company.

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