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Photo: Jens Kalaene/picture alliance via Getty Images

The European Union's parliament signed off on a controversial copyright law on Tuesday.

Why it matters: The rules have been criticized by major web companies as well as activists. They say that it will undermine basic principles of the internet that have allowed content to flow freely across the web.

Article 11 of the law, the so-called "link tax," would require sites like Facebook and Google to pay a fee when they summarize news stories and link to them.

  • Supporters believe this will stop Big Tech from unfairly profiting from the work of news organizations who have been hit hard by loss of revenue to digital platforms.
  • Opponents believe this may ultimately cause smaller sites, blogs and even the same news outlets the law is meant to protect to have to pay for the right to use links.

Article 13 of the law requires sites that distribute user-uploaded content — like YouTube or Facebook — to ensure that content doesn't violate copyright.

  • The problem, say critics, is that to accomplish this on a large scale, sites like YouTube would have to rely on automated scanning algorithms, which would inevitably cause more legitimate content to be swept up in the dragnet.

What they're saying: Critics were dismayed. The Electronic Frontier Foundation said that the bloc had "abandoned common-sense and the advice of academics, technologists, and UN human rights experts."

The bigger picture: European lawmakers and regulators have taken the most aggressive action to rein in the giants of Silicon Valley.

  • EU competition commission Margrethe Vestager has pursued antitrust cases against Google and a major tax case against Apple.

What's next? The EU's member states need to sign off on the parliament's decision. Once they do that, they will have two years to add them to their own legal codes.

Go deeper

Key inflation measure grew slower than expected in June

Illustration: Sarah Grillo/Axios

The price of goods and services rose 0.4% in June, slower than the 0.5% growth during May, according to the core personal consumption expenditures (PCE) price index released Friday morning. The June reading was lower than the consensus expectation for 0.6% growth.

Why it matters: The core PCE is the inflation measure the Federal Reserve watches most closely. June's reading is the second month in a row of decelerated price growth, giving the Fed breathing room to design a pullback strategy from its emergency market support.

2 hours ago - Health

Internal CDC presentation warns: "The war has changed"

Graphic: CDC via The Washington Post

Unpublished research indicates that the Delta variant causes more severe illness and spreads as easily as chickenpox, and that vaccinated people may transmit the strain as easily as those who are unvaccinated, according to an internal CDC presentation obtained by WashPost.

Why it matters: The data played a key role in the CDC's decision to tell vaccinated people to resume masking indoors, with the presentation calling on health officials to "acknowledge the war has changed," The Post reports.

Updated 2 hours ago - Sports

Olympics dashboard

Women's 5,000 meter heats at the Tokyo Olympics. Photo: Jewel Samad/AFP via Getty Images

🎾: Novak Djokovic defeated in Olympic semi-finals

🗓: The Olympic events to watch today

🏊‍♀️: South Africa's Tatjana Schoenmaker breaks world record in 200m breaststroke

🏊: Olympic swimmer Ryan Murphy wins Silver in 200m

🚣‍♀️: Team USA women's eight rowing fails to reach the podium

💻: Japan tests teleporting games and "remote cheering"

Go deeper: Full Axios coverage