Cook to step down as Apple CEO

Apple CEO Tim Cook steps down from the role with hardware chief John Ternus chosen to assume the helm from September. Cook, who oversaw a $3.6tn increase in the company’s market cap during his 15-year tenure will become executive chairman. Iran is reportedly due to send a delegation team to Pakistan for a second round of peace talks. The news lifts Asian equities and pushes crude prices down. European futures are also in the green ahead of today’s session. UK Prime Minister Keir Starmer insists he was unaware of Peter Mandleson’s failure to pass an enhanced vetting procedure during a two-and-a-half-hour session in Parliament. The sacked foreign office chief, Olly Robbins, will face MPs on the recommendation later today.  See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.