Signal

Good morning. The biggest story in tech today is Tim Cook stepping down as Apple CEO in September, with hardware chief John Ternus taking over while Cook becomes chairman. This marks the end of an era for the world's most valuable company, with Ternus inheriting the challenge of navigating everything from AI competition to potential trade tensions under Trump. Meanwhile, there's some unexpectedly good economic news as UK unemployment dropped to 4.9% when most analysts expected it to stay flat at 5.2%, suggesting the job market remains more resilient than feared. On a lighter note, petrol thefts are surging across the UK as fuel costs climb due to Iran tensions, with one retailer reporting about five drive-offs per week at each forecourt. London commuters should brace for tube disruption as drivers strike over working conditions, particularly affecting two lines. And in a fascinating shift that could affect us all, there's growing debate about whether social media addiction might follow the same trajectory as cigarettes among wealthy demographics – declining dramatically once the health risks become undeniable.