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The European Commission and its members have told social media platforms to find ways to do two things:

  • Update their terms of service to comply with European Union law
  • Work to remove scams posted on their platforms

The push comes after the regulators met with major companies.

Why it matters: Questions of how to regulate social media platforms have been front and center because of the continued reality of online harassment and an election marked in part by hoax news stories. Some in Europe have been more forceful in pushing platforms on these issues than regulators in the United States.

What's next: Companies have a month to respond with their final plans or face possible fines.

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A big hiring pledge from New York CEOs

Illustration: Rebecca Zisser/Axios

Leaders of more than two dozen of the New York City area's largest employers — including JPMorgan Chase, Ernst & Young, IBM, McKinsey & Company and Accenture — aim to hire 100,000 low-income residents and people of color by 2030 and will help prep them for tech jobs.

Why it matters: As the city's economy has boomed, many New Yorkers have been left behind — particularly during the pandemic. The hiring initiative marks an unusual pact among firms, some of them competitors, to address systemic unemployment.

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Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 20,004,254 — Total deaths: 733,929 — Total recoveries — 12,209,226Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 5,088,516 — Total deaths: 163,400 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. Politics: Trump claims he would have not called for Obama to resign over 160,000 virus deathsHouse will not hold votes until Sept. 14 unless stimulus deal is reached.
  4. Business: Richer Americans are more comfortable eating out.
  5. Public health: 5 states set single-day coronavirus case records last week — A dual coronavirus and flu threat is set to deliver a winter from hell.
  6. Sports: The cost of kids losing gym class — College football is on the brink.
  7. World: Europe's CDC recommends new restrictions amid "true resurgence in cases."

AOC to speak at Dem convention

Rep. Alexandria Ocasio-Cortez during an April a press conference in Queens, New York City. Photo: Scott Heins/Getty Images)

Rep. Alexandria Ocasio-Cortez will speak at the Democratic convention next week ahead of Sen. Bernie Sanders' appearance on the Tuesday night, CNN first reported and Axios has confirmed

Why it matters: Her involvement is a strategic decision to energize young progressives without tying former Vice President Joe Biden too closely or directly with her agenda.