Apple has appointed John Ternus, currently the head of hardware, as its next CEO. He succeeds Tim Cook, who is stepping down on September 1 after a 15-year tenure that saw the company reach a $4 trillion valuation. Ternus is viewed as a "continuity appointment," often likened to Cook in style.

This leadership change occurs amid broader geopolitical instability. President Trump has indicated that the current ceasefire between the U.S. and Iran is unlikely to be extended, even as Vice President JD Vance prepares for potential negotiations.

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Source · Bloomberg — Technology