The tech giant, which owns roughly 80% percent of the U.S. search market and over 40% of the U.S. digital ad market, says it's made updates to its algorithms to surface more "authoritative content."

Why it matters: This is one of the biggest steps Google has taken to combat fake news since the election. Google and Facebook, the two largest platforms and media distributors, have been under intense pressure for years, but more so since the election, to reassure advertisers that their content won't appear next to fake news sites or ads.

Changes:

  • Ranking changes: Google says its adjusting the hundreds of signals used to elevate searches in its queries to help surface more authoritative pages and bury "low-quality" content, like content that denies the Holocaust's existence.
  • New Search Quality Rater guidelines: Google uses real people to assess data about Google's search results. They are updating the guidelines those raters use to address feedback.

Our thought bubble: Fake news is prevalent on platforms, where scammers can game the system to maximize clicks and exposure to either make money or sway public opinion. Google tends to have more fake news perpetrators using the platform for monetization, whereas Facebook, whose algorithm is based off of emotional response among other factors, tends to have more of a fake news to persuade public opinion problem than Google.

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Dion Rabouin, author of Markets
13 mins ago - Economy & Business

Investors have nowhere to hide

Photo: Jeenah Moon/Getty Images

The massive losses in oil prices and U.S. and European equities were not countered by gains in traditional safe-haven assets on Wednesday.

Why it matters: The unusual movement in typical hedging tools like bonds, precious metals and currencies means they are not providing investors an asset that will appreciate in the event of a major equity selloff.

Kendall Baker, author of Sports
18 mins ago - Sports

A look inside sports owners' political donations

Data: ESPN/FiveThirtyEight; Chart: Axios Visuals

Sports team owners in the four largest North American leagues (NFL, NBA, MLB, NHL) have donated over $46 million in federal elections since 2015, according to research conducted by ESPN and FiveThirtyEight.

By the numbers: Over the past three elections, $35.7 million of that money (77.4%) has gone to Republican campaigns and super PACs, compared to $10.4 million (22.6%) to Democrats.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Large coronavirus outbreaks leading to high death rates — Coronavirus cases are at an all-time high ahead of Election Day — Fauci says U.S. may not return to normal until 2022
  2. Politics: Space Force's No. 2 general tests positive for coronavirus
  3. World: Taiwan reaches a record 200 days with no local coronavirus cases
  4. Europe faces "stronger and deadlier" wave France imposes lockdown Germany to close bars and restaurants for a month.
  5. Sports: Boston Marathon delayed MLB to investigate Dodgers player who joined celebration after positive COVID test.