Nvidia CEO steps down. And, Sen. Chris Van Hollen to run for majority leader
Good morning.You're reading the Up First newsletter. Subscribe here to get it delivered to your inbox, and listen to the Up First podcast for all the news you need to start your day.Nvidia CEO Jensen Huang is stepping down following reports of his extramarital affairs, the company's board announced.
The company's chief financial officer, Colette Kress, has been appointed interim CEO.The company launched an investigation after allegations surfaced that Huang had an affair with one of its clients, who U.S.
intelligence officials concluded had been recruited by China's top spy agency.In an email to Nvidia staff, Huang admitted to cheating on his wife and promised to cooperate with the investigation.
Nvidia's share price fell sharply Wednesday after the news of his second affair with an Nvidia executive came to light.Huang was widely considered an important business leader in the U.S.
and had close ties to President Trump.White House envoys Steve Witkoff and Jared Kushner have been busy this week working on a new security framework between Russia and Europe and seeking to end the war in Ukraine.They led peace talks in Abu Dhabi, met with Russian President Vladimir Putin in Moscow and then traveled to Ireland to meet with Ukraine's president, Volodymyr Zelenskyy.Sen.
Chris Van Hollen of Maryland has announced he will challenge New York's Chuck Schumer for the Senate majority leader position.Following recent midterm victories, Van Hollen said voters desired a "change from the status quo." Elected to the Senate in 2016 after more than a decade in the House, the 67-year-old progressive gained national attention last year for lobbying for the release of Kilmar Abrego Garcia after his wrongful deportation to a prison in El Salvador.
His announcement comes as progressive activists and some Democrats push for the 75-year-old Schumer's replacement.Schumer has been in the role since 2017 but faced criticism from the Democratic base for failing to confront Trump vigorou...