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• Apple is entering a new era as it names John Ternus its next CEO.
• The iPhone maker has hit milestones like a $4 trillion market cap and lows like regulatory troubles.
• Here's a look at how Apple has evolved, in photos, since its founding 50 years ago. 

Apple is entering a new era: one to be shaped by John Ternus.

The hardware

• Apple CEO Tim Cook is stepping down.
• Apple hardware boss John Ternus, who had been widely viewed as a likely successor, will take on the CEO role September 1.
• Cook, who worked as COO under Steve Jobs, helped build out Apple's formidable supply chain, as well as its Services business.

The Tim Cook chapter at Apple is coming to an end.

Apple announced on Monday

• Red Lobster lost $11 million in three months on its $20 all-you-can-eat shrimp promotion.
• Now it's introducing a $24.99 deal for dine-in patrons for a limited time.
• "When our fans talk, we listen," CEO Damola Adamolekun said.

Red Lobster's CEO said two years ago that he didn't plan to revive the chain's mega-popular $20 "endless shrimp"

After debuting in the US, Gemini in Chrome is making its way to more markets. Starting today, Google is rolling out Chrome's built-in chatbot to users in Asia and the Pacific, including Australia, Indonesia, Japan, the Philippines, Singapore, South Korea and Vietnam. The expansion comes after Google earlier this year made Gemini in Chrome available to people in Canada, India and New Zealand. 

With

• The US disabled and seized an Iranian-flagged cargo ship in the Hormuz blockade.
• The Navy followed procedure, but force is rarely needed in sanctions enforcement, former officers said.
• The incident comes as the US-Iran ceasefire nears its expiration.

A US Navy destroyer opened fire on an

The multitrillion-dollar home of the iPhone, Mac, and so many other tech gadgets is getting a new leader this fall, as Apple has announced that Tim Cook will be replaced as CEO on September 1st by current hardware boss John Ternus. How will we look back on Cook’s legacy, and what will Apple look like under the leadership of Ternus and new chief

• Dallas couple Phill Jackson and Katie Loftin have separate bedrooms in their two-bedroom apartment.
• The couple said this arrangement allows them to remain independent and helps them sleep better.
• Since they split bills, it's still a more affordable option than living in separate apartments.

This as-told-to essay is based on a conversation with

Apple CEO Tim Cook has written a letter to the community as he prepares to step down from his role in September. "This is not goodbye. But at this moment of transition, I wanted to take the opportunity to say thank you," Cook writes.

As part of the shift, John Ternus, Apple's senior vice president of hardware engineering, will take over for Cook, who will become executive chairman

• Meta has hired two more founding members of Thinking Machines Lab, bringing the total to seven.
• A third employee, a widely-cited AI researcher who is not a founding member, has also left for Meta.
• Thinking Machines Lab has become a hotbed of AI talent and faces aggressive poaching efforts.

Thinking Machines Lab is facing more departures.

The