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The European Commission building in Brussels, Belgium. Dursun Aydemir/Anadolu Agency/Getty Images

European Union MP Marietje Schaake proposed creating an EU-wide rule describing when governments must disclose security flaws to manufacturers. Governments often use these security flaws for surveillance.

Why it matters: There is no way to guarantee that only well-meaning governments use a vulnerability that a nation intends to use for surveillance. In a blog post Thursday announcing her intent to seek an EU standard for disclosure, Schaake noted, "We live in an age where vulnerabilities are leaked or sold by criminals to those with potentially geopolitical motives, and where certain governments are stockpiling vulnerabilities as offensive weapons."

The U.S. has such a rule, the Vulnerability Equities Process. The VEP was flung into the spotlight in 2017 when a massive global cyberattack used a leaked code believed to be written by the NSA to become more virulent. The Obama administration developed the VEP but kept it secret. A number of critics, including many in the tech industry, questioned whether the VEP was adequately representing citizen's cybersecurity interests.

  • The Trump administration quickly committed to increasing its transparency, and released a VEP charter in November that introduced an annual report to give a limited outline of VEP deliberations in the prior year.
  • Schaake cited the U.S. charter in her blog post to encourage her peers. "Last year the White House released its Vulnerabilities Equities Process, which provides some increased transparency around this process in the US. It is high time for us to do the same in Europe," she wrote.

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Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 2 hours ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.