President Biden will tap Carlos Del Toro, a retired commander, to become secretary of the Navy, the White House announced Friday.Why it matters: Del Toro, the CEO of a tech solutions company, has nearly 40 years of experience in national security, naval operations, budgeting and acquisition, per the White House. If confirmed by the Senate, Del Toro would be the second Latino to serve in the position.Get market news worthy of your time with Axios Markets. Subscribe for free.The first was Eduardo
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