Apr 21, 2020 - Economy & Business

Bloomberg News offers free subscriptions to college students

Illustration: Aïda Amer/Axios

Bloomberg Media is offering free subscriptions to college and grad students worldwide for three months starting Wednesday, April 22. They'll have free access to Bloomberg.com and its mobile app until July 31.

Why it matters: A typical monthly Bloomberg subscription is $34.99, although U.S. students can access it for $9.99. That makes this an expensive giveaway, particularly for international students.

Details: Students can register with their university address for verification. Free subscriptions will not include access to The Information, which Bloomberg began offering in bundled subscriptions earlier this year.

  • Bloomberg Media says the thinking behind the effort is to give students access to as much information as possible as they try to navigate what this pandemic means for their future.

The big picture: Bloomberg's offer follows similar efforts, like that from The New York Times and Verizon, to offer students free access to what's typically costly journalism during the coronavirus crisis.

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Mark Zuckerberg: Social networks should not be "the arbiter of truth"

Photo: Drew Angerer/Getty Images

Facebook CEO Mark Zuckerberg argued on CNBC's "Squawk Box" Thursday that social media platforms should not police political speech, and that "people should be able to see what politicians say.”

Why it matters: Zuckerberg was responding to Twitter's decision this week to fact-check a pair of President Trump's tweets that claimed that mail-in ballots are "substantially fraudulent." Twitter's label, which directs users to "get the facts" about mail-in voting, does not censor Trump's tweets.

House Democrats pull FISA reauthorization bill

Speaker Nancy Pelosi. Photo: Saul Loeb/AFP via Getty Images

House Democrats pulled legislation Thursday that would have renewed expired domestic surveillance laws and strengthened transparency and privacy protections amid broad opposition from President Trump, House GOP leadership and progressive Democrats.

Why it matters: The failure to reauthorize the Foreign Intelligence Surveillance Act (FISA) comes as Trump continues to attack the intelligence community, which he claims abused the law to surveil his 2016 campaign and Trump administration officials.

U.S. GDP drop revised lower to 5% in the first quarter

Data: Bureau of Economic Analysis; Chart: Axios Visuals

The U.S. economy shrunk by an annualized 5% in the first quarter — worse than the initially estimated 4.8% contraction — according to revised figures released by the government on Thursday.

Why it matters: It's the worst quarterly decline since 2008 and shows a huge hit as the economy was just beginning to shut down because of the coronavirus. Economists are bracing for the second quarter's figures to be the worst ever — with some projecting an annualized decline of around 40%.

2 hours ago - Economy & Business