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Photo: Thomas Trutschel/Photothek via Getty Images

Facebook said Monday it's updating its data privacy tools to include additional information about what content users interact with on Facebook and the machine learning data created from their engagement, which the company uses to infer what else they may like.

Why it matters: Facebook wants to ensure it's getting ahead of any privacy regulations, with GDPR now long in effect, and before the new California Consumer Privacy Act (CCPA), which went into effect Jan. 1, starts being officially enforced on July 1.

Details: The new tools will allow users to download information about their interactions (likes, comments, shares, etc.) on Facebook and Instagram.

  • It will also allow users to access machine learning data, or data created automatically, that shows what Facebook thinks they would like to engage with.
  • This data will help users better understand what types of content Facebook recommends to users in its News Feed, as well as its news tab and video "Watch" tab.

Go deeper: Facebook rolls out tool to let users control data collected by outside apps

Go deeper

Dion Rabouin, author of Markets
18 mins ago - Economy & Business

First glimpse of the Biden market

Photo: Jonathan Ernst-Pool/Getty Images

Investors made clear what companies they think will be winners and which will be losers in President Joe Biden's economy on Wednesday, selling out of gun makers, pot purveyors, private prison operators and payday lenders, and buying up gambling, gaming, beer stocks and Big Tech.

What happened: Private prison operator CoreCivic and private prison REIT Geo fell by 7.8% and 4.1%, respectively, while marijuana ETF MJ dropped 2% and payday lenders World Acceptance and EZCorp each fell by more than 1%.

Mike Allen, author of AM
49 mins ago - Politics & Policy

Biden-Harris, Day 1: What mattered most

President Joe Biden and first lady Dr. Jill Biden arrive at the North Portico of the White House. Photo: Alex Brandon-Pool/Getty Images

The Axios experts help you sort significance from symbolism. Here are the six Day 1 actions by President Biden that matter most.

Driving the news: Today, on his first full day, Biden translates his promise of a stronger federal response to the pandemic into action — starting with 10 executive orders and other directives, Caitlin Owens writes.

2 hours ago - Politics & Policy

Read: Pete Buttigieg's opening statement ahead of confirmation hearing

Pete Buttigieg, President Biden's nominee to be secretary of transportation, in December. Photo: Kevin Lamarque/AFP via Getty Images

Pete Buttigieg, President Biden's nominee to lead the Transportation Department, will tell senators he plans to prioritize the health and safety of public transportation systems during the pandemic — and look to infrastructure projects to rebuild the economy — according to a copy of his prepared remarks obtained by Axios.

Driving the news: Buttigieg will testify at 10 a.m. ET before the Senate Committee on Commerce, Science and Transportation. He is expected to face a relatively smooth confirmation process, though GOP lawmakers may press him on "green" elements of Biden's transportation proposals.