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■ TOP STORY
APPLE NAMES NEW CEO, TIM COOK MOVES TO CHAIRMAN
John Ternus, Apple's senior VP of Hardware Engineering, will become CEO on September 1, while Tim Cook transitions to executive chairman. The move was reported by CNBC across 20 sources.
► WHY IT MATTERS: This signals Apple's leadership is betting hardware innovation—not services or software—will drive the next era of growth.
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