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A new era of monopolies

Wayne Parry / AP

Per the New York Times:

  • Google controls 88 percent of search advertising
  • Facebook, which also owns Instragram, WhatsApp and Messenger, controls 77 percent of social traffic
  • Amazon controls 74 percent of e-book market

What to watch for: we are seeing more chatter than ever that these companies are getting too big too fast. Americans retain a romantic view of big tech firms but concerns about fake news, privacy and consumer choice are rising.

Go deeper

Rebecca Falconer, Andrew Freedman
Updated 3 hours ago - Energy & Environment

"Atmospheric river" to whiplash Northern California from drought to flood

A map depicting 24-hour preciptation forecast (inches) ending Monday at 5a.m. local time. Photo: NOAA

A series of powerful "atmospheric river" storms are set dump historic amounts of rainfall across parts of drought-stricken California and the Pacific Northwest from this weekend, forecasters warn.

Why it matters: A strong atmospheric river, packing large amounts of moisture, is predicted to whiplash Northern California from drought to flood.

Go deeper (2 min. read)Arrow
Rebecca Falconer
11 hours ago - Energy & Environment

10,000 trees near giant sequoia groves to be removed after fires

A firefighter looks up at a giant sequoia tree after fire burned through the Sequoia National Forest near California Hot Springs, California, on Sept. 23. Photo: Patrick T. Fallon/AFP via Getty Images

"Upwards of" 10,000 trees near giant sequoia groves have been "weakened by drought, disease, age, and/or fire" and must be removed in the wake of California's wildfires, the Sequoia and Kings Canyon National Parks announced.

Why it matters: The damage to these trees, considered "national treasures," and work to remove them means a nearby key highway must remain closed to visitors as they have "the potential to strike people, cars, other structures, or create barriers to emergency response services," per a statement from the national parks.

Go deeper (1 min. read)Arrow
Kierra Frazier
12 hours ago - Politics & Policy

Obama stumps for McAuliffe, urges Virginians not "to go back to the chaos"

Photo: Win McNamee/Getty Images

Former President Barack Obama framed a Nov. 2 gubernatorial race as a bellwether for the Democratic Party and the country, telling a crowd at a campaign event for Terry McAuliffe on Saturday that "I believe you, right here in Virginia, are going to show the rest of the country and the world that we're not going to indulge in our worst instincts."

Why it matters: With just over a week to go before Election Day in the Commonwealth, McAuliffe is bringing out the big guns. The 44th president appeared on the campus of Virginia Commonwealth University to urge supporters to get to the polls.

Go deeper (1 min. read)Arrow