Mark Zuckerberg attending the 56th Munich Security Conference in Germany on Feb. 15. Photo: Abdulhamid Hosbas/Anadolu Agency via Getty Images

Facebook is said to be in talks to buy a 10% stake in Indian telecom operator Reliance Jio, according to the Financial Times.

Why it matters: Facebook has long sought to invest in big markets where internet connectivity is sparse, expensive, or both — figuring that a boost in internet usage will result in more users. Its last approach, subsidizing free use of Facebook, was poorly received in India. This would appear to be a different means to achieve the same end.

Go deeper: Facebook's plan to keep growing bigger

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OPEC's balancing act: increasing output against smaller demand

An off-shore oil platform in California. Photo: Omar Marques/SOPA Images/LightRocket via Getty Images

The Organization of the Petroleum Exporting Countries (OPEC+) coalition is entering the next phase of fraught market-management efforts that have repercussions for the battered U.S. oil industry.

Driving the news: The group yesterday agreed to press ahead with plans to begin increasing output as demand haltingly recovers.

More than 32 million Americans are receiving unemployment benefits

Photo: Jay L. Clendenin / Los Angeles Times via Getty Images

More than 32 million Americans are receiving some form of unemployment benefits, according to data released by the Labor Department on Thursday.

Why it matters: Tens of millions of jobless Americans will soon have a smaller cash cushion — as coronavirus cases surge and certain parts of the country re-enter pandemic lockdowns — barring an extension of the more generous unemployment benefits that are set to expire at the end of the month.

2 hours ago - Sports

Alumni fight to save college sports

Data: Mat Talk Online; Chart: Andrew Witherspoon/Axios

242 collegiate athletic programs have been cut amid the pandemic, altering the careers and lives of thousands of student-athletes.

Yes, but: Some passionate alumni groups have opted to fight, banding together in hopes of saving the programs they helped build and continue to love.