One idea that's not taking off: paid news on social media. Fewer than 10% of respondents to a new Adobe study provided to Axios indicate that they are very likely to pay for the ability to access news that way. According to the poll, females (83%) and those over 35-years-old (86%) are particularly unlikely to do so.

The Adobe survey also shows that people are most likely to get news from Facebook, followed by Twitter and Reddit.

Why it matters: Facebook and Google have been tinkering with ways to help drive subscriptions to publishers' websites on their platforms, but according to this data, news consumers may not be so willing to pay for news products on social media sites.

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Data: Adobe Media and Entertainment Generations Report; Chart: Lazaro Gamio / Axios

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Dan Primack, author of Pro Rata
7 mins ago - Economy & Business

Leon Black says he "made a terrible mistake" doing business with Jeffrey Epstein

Photo illustration: Sarah Grillo/Axios. Photo: Rick Friedman/Corbis/Getty Images

Apollo Global Management CEO Leon Black on Wednesday said during an earnings call that he made a "terrible mistake" by employing Jeffrey Epstein to work on personal financial and philanthropic services.

Why it matters: Apollo is one of the world's largest private equity firms, and already has lost at least one major client over Black's involvement with Epstein.

1 hour ago - World

Jeremy Corbyn suspended by U.K. Labour Party over anti-Semitism report

Photo: Christopher Furlong/Getty Images

The U.K. Labour Party has suspended its former leader, Jeremy Corbyn, after a watchdog report found that the party failed to properly take action against allegations of anti-Semitism during his time in charge.

Why it matters: It represents a strong break by Keir Starmer, Labour's current leader, from the Corbyn era and one of the party's most persistent scandals.

U.S. economy sees record growth in third quarter

The U.S. economy grew at a 33.1% annualized pace in the third quarter, the Commerce Department said on Thursday.

The state of play: The record growth follows easing of the coronavirus-driven lockdowns that pushed the economy to the worst-ever contraction — but GDP still remains well below its pre-pandemic level.