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Photo: Alex Wong/Getty Images

Bernie Sanders released a new $150 billion plan on Friday to increase broadband internet access across the U.S. and break up what his campaign labels "internet service provider and cable monopolies."

The big picture: Sanders is one of many 2020 candidates, such as Joe Biden and Elizabeth Warren to release a plan to increase high-speed broadband access.

Increasing broadband access and lowering costs:

  • Sanders says that he would build the needed infrastructure by providing $150 billion toward internet access through the Green New Deal.
  • He wants to increase broadband access specifically for those in affordable housing, living with disabilities, schools and on tribal lands.

Breaking up large companies:

  • Sanders said he will use existing antitrust authority to break up large service providers such as Verizon, AT&T and Comcast.
  • He would also prevent internet service providers from providing content.

Build communication networks:

  • Sanders wants all new broadband infrastructure to be built so that it's resilient to extreme weather events brought on by climate change — like floods, hurricanes and wildfires.

Go deeper:

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.