{"id":61112,"date":"2026-04-20T17:38:26","date_gmt":"2026-04-20T21:38:26","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/"},"modified":"2026-04-20T17:38:26","modified_gmt":"2026-04-20T21:38:26","slug":"apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/","title":{"rendered":"Apple Names John Ternus CEO as Cook Shifts to Chairman; Amazon Bets $25B on Anthropic Amid Energy &#038; Airline Volatility"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Key_Takeaways\" >Key Takeaways<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Apple_Leadership_The_Ternus_Era_Begins\" >Apple Leadership: The Ternus Era Begins<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Amazon_and_Anthropic_A_125_Billion_Reciprocal_Bet\" >Amazon and Anthropic: A $125 Billion Reciprocal Bet<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Alaska_Air_Reels_from_Fuel_Volatility\" >Alaska Air Reels from Fuel Volatility<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Energy_and_Geopolitics_Trump_Invokes_DPA\" >Energy and Geopolitics: Trump Invokes DPA<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"#\" data-href=\"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/apple-names-john-ternus-ceo-as-cook-shifts-to-chairman-amazon-bets-25b-on-anthropic-amid-energy-airline-volatility\/61112\/#Google_Expands_AI_Studio_Access\" >Google Expands AI Studio Access<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Key_Takeaways\"><\/span>Key Takeaways<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) initiates a major leadership transition<\/strong>, naming <strong>John Ternus<\/strong> as CEO effective September 1, 2026, while <strong>Tim Cook<\/strong> moves to the role of Executive Chairman.<\/li>\n<li><strong>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) expands its AI partnership with Anthropic<\/strong>, committing up to <strong>$25 billion<\/strong> in new investment as Anthropic pledges to spend <strong>$100 billion<\/strong> on <strong>AWS<\/strong> technologies over the next decade.<\/li>\n<li><strong>Alaska Air Group (<a href=\"\/stock\/ALK\">ALK<\/a>) suspended its full-year guidance<\/strong> following a weak Q1 and a projected <strong>$1.00 per share loss<\/strong> in Q2, driven by <strong>$600 million<\/strong> in fuel-related cost pressures.<\/li>\n<li><strong>President <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> invoked the Defense Production Act (DPA)<\/strong> to accelerate domestic production of <strong>petroleum and natural gas<\/strong>, citing national security concerns and rising energy costs.<\/li>\n<li><strong>U.S. officials held rare diplomatic talks in Cuba<\/strong>, proposing the deployment of <strong>Starlink<\/strong> satellite internet while demanding political reforms to avoid the island becoming a &quot;major national security threat.&quot;<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Apple_Leadership_The_Ternus_Era_Begins\"><\/span>Apple Leadership: The Ternus Era Begins<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Apple (<a href=\"\/stock\/AAPL\">AAPL<\/a>) announced a historic leadership change on Monday, appointing <strong>John Ternus<\/strong>, the current Senior Vice President of Hardware Engineering, as its next <strong>Chief Executive Officer<\/strong>. The transition is set for <strong>September 1, 2026<\/strong>, marking the end of <strong>Tim Cook\u2019s<\/strong> 15-year tenure as the head of the tech giant.<\/p>\n<p><strong>Tim Cook<\/strong> will transition to the role of <strong>Executive Chairman<\/strong>, where he is expected to focus on global policy and government relations. <em>Analysts suggest this move allows Cook to leverage his diplomatic experience, particularly in managing the company&#39;s relationship with the <a href=\"https:\/\/thestockmarketwatch.com\/live\/trump-stock-market\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Trump\">Trump<\/a> administration.<\/em> <strong>Johny Srouji<\/strong> will also see an expanded role as <strong>Chief Hardware Officer<\/strong>, overseeing both hardware engineering and silicon development.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Amazon_and_Anthropic_A_125_Billion_Reciprocal_Bet\"><\/span>Amazon and Anthropic: A $125 Billion Reciprocal Bet<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Amazon (<a href=\"\/stock\/AMZN\">AMZN<\/a>) is dramatically escalating its presence in the generative AI sector by investing up to <strong>$25 billion<\/strong> in AI startup <strong>Anthropic<\/strong>. The deal includes an immediate <strong>$5 billion<\/strong> cash injection, with the remaining <strong>$20 billion<\/strong> tied to commercial milestones. This brings Amazon&#39;s total potential investment in the startup to <strong>$33 billion<\/strong>.<\/p>\n<p>In a massive reciprocal commitment, <strong>Anthropic<\/strong> has agreed to spend more than <strong>$100 billion<\/strong> over the next ten years on <strong>Amazon Web Services (AWS)<\/strong> technologies. The partnership will focus on expanding <strong>AI inference<\/strong> capabilities across <strong>Asia and Europe<\/strong> and securing access to future generations of Amazon\u2019s custom <strong>Trainium<\/strong> and <strong>Graviton<\/strong> chips.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Alaska_Air_Reels_from_Fuel_Volatility\"><\/span>Alaska Air Reels from Fuel Volatility<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Alaska Air Group (<a href=\"\/stock\/ALK\">ALK<\/a>) posted a challenging first quarter, reporting an <strong>adjusted loss of $1.68 per share<\/strong> on revenue of <strong>$3.3 billion<\/strong>. Despite a <strong>3.5% year-over-year increase<\/strong> in unit revenue, the carrier was forced to <strong>suspend its full-year 2026 guidance<\/strong> due to extreme fuel price uncertainty.<\/p>\n<p>The company warned that fuel remains its &quot;biggest uncertainty,&quot; with cost pressures adding roughly <strong>$600 million<\/strong> to its expenses. For the second quarter, Alaska Air expects an <strong>adjusted loss of approximately $1.00 per share<\/strong>. To bolster its balance sheet, the airline has increased its <strong>revolving credit facility to $1.1 billion<\/strong>.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Energy_and_Geopolitics_Trump_Invokes_DPA\"><\/span>Energy and Geopolitics: Trump Invokes DPA<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The White House announced that <strong>President Trump<\/strong> has signed a <strong>Defense Production Act<\/strong> determination to boost domestic <strong>petroleum and natural gas<\/strong> output. The move is designed to expand transmission, processing, and storage capacity for <strong>LNG<\/strong> and large-scale energy infrastructure to mitigate a &quot;critical technology item shortfall.&quot;<\/p>\n<p>Simultaneously, a U.S. delegation in <strong>Havana<\/strong> discussed a proposal to bring <strong>Starlink<\/strong> satellite internet to <strong>Cuba<\/strong>. While the administration is pursuing a diplomatic solution, officials met with <strong>Raul Guillermo Rodriguez Castro<\/strong> to signal that the U.S. will not allow the island to descend into a national security threat. <em>The U.S. continues to demand free elections and the release of political prisoners as conditions for lifting the embargo.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Google_Expands_AI_Studio_Access\"><\/span>Google Expands AI Studio Access<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Google (<a href=\"\/stock\/GOOGL\">GOOGL<\/a>) has officially increased usage limits for its <strong>AI Pro and Ultra<\/strong> subscribers within <strong>Google AI Studio<\/strong>. The update provides developers and professional users with higher rate limits for <strong>Gemini 3.1 Pro<\/strong> and other advanced models. <em>This move is seen as a direct response to increasing competition in the developer-facing AI platform market.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Apple (AAPL) initiates a major leadership transition, naming John Ternus as CEO effective September 1, 2026, while Tim [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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