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If we've learned anything from recent advertising controversies it's that when united, advertisers can force publishers to make changes.

Why it matters: Less than three days after the NY Times report that Fox News had settled multiple sexual harassment lawsuits against Bill O'Reilly, at least 20 major advertisers announced they were pulling their ads from the network's biggest money-maker, The O'Reilly Factor. Fox has not indicated any plans to cut O'Reilly from its primetime slot yet, but if more advertisers continue to boycott the show the network may be forced to take action in order to save its bottom line.

YouTube Controversy: Beginning in early March, advertisers began pulling video ads from YouTube because they were appearing next to extremist content. After dozens of advertisers, worth millions of dollars, pulled their buys, Google apologized and vowed to revise its ad policies to convince advertisers that their platform was brand-safe.

Breitbart controversy: Last month, advertisers blacklisted Bretibart News from ad plans due to controversial content and after the site's biggest star, Milo Yiannopoulos, was forced to resign over comments about pedophilia. After over 1,000 advertisers pulled their ads, Breitbart executives told Fox Business that the association with the far-right was hurting their business and they planned to pivot to a more mainstream audience.

This isn't a totally new idea: In 2007, NBC announced they would no longer simulcast Don Imus' show Imus in the Morning, after dozens of advertisers, starting with Procter and Gamble, pulled their ads. In 2011, Glenn Beck resigned from Fox News after hundreds of advertisers pulled out due to controversial comments he made on air.

Go deeper

Caitlin Owens, author of Vitals
4 hours ago - Health

Biden taps ex-FDA chief to lead Operation Warp Speed amid rollout of COVID plan

Photo: Alex Wong/Getty Images

President-elect Joe Biden has picked former FDA chief David Kessler to lead Operation Warp Speed, a day after unveiling a nearly $2 trillion pandemic relief plan that includes $400 billion for directly combatting the virus.

Why it matters: Biden's transition team said Kessler has been advising the president-elect since the beginning of the pandemic, and hopes his involvement will help accelerate vaccination, the New York Times reports. Operation Warp Speed's current director, Moncef Slaoui, will stay on as a consultant.

The case of the missing relief money

Illustration: Sarah Grillo/Axios

A chunk of stimulus payments is missing in action, thanks to a mix up that put as many as 13 million checks into invalid bank accounts.

Why it matters: The IRS (by law) was supposed to get all payments out by Friday. Now the onus could shift to Americans to claim the money on their tax refund — further delaying relief to struggling, lower-income Americans.

The post-Trump GOP, gutted

McConnell (L), McCarthy (R) and Trump. Photo: Erin Schaff-Pool/Getty Images

Republicans will emerge from the Trump era gutted financially, institutionally and structurally.

The big picture: The losses are stark and substantial.