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Facebook executives tell Axios they're hiring seasoned journalists to help curate a forthcoming "News Tab" that they hope will change how millions get news.

Why it matters: News Tab is an effort by Facebook to restore the sanity and credibility that's lost in the chaos of our main feeds. Facebook will personalize the News Tab, so it will need a massive amount of content, from the New York Jets to gardening.

News Tab, a personal passion of CEO Mark Zuckerberg, is also an effort by Facebook to develop a healthier relationship with publishers, many of whom have had their business models destroyed by social platforms.

  • Facebook will pay dozens of publishers to license content for News Tab, and news from many more will be included.
  • The Wall Street Journal reported that the largest partners will be paid millions of dollars a year.
  • News Tab will try to give credit to the outlet that broke a story, rather than an aggregator.

Campbell Brown, Facebook's head of news partnerships, said: "Our goal with the News tab is to provide a personalized, highly relevant experience ... The majority of stories people will see will appear in the tab via algorithmic selection."

  • A small team of journalists will pick stories for a Top News section.

Last year, Facebook killed Trending Topics, populated by contractors, after being accused of bias.

  • "We learned a lot from Trending," a Facebook executive told me. "This is a completely different product."

What's next: A News Tab test for 200,000 users will begin in October, with a rollout to all U.S. users early next year.

Go deeper: Facebook says there isn't enough local news for its users

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Go deeper

Federal Reserve scales back expectations for economic recovery as Delta variant weighs

Fed chair Jerome Powell during a congressional hearing last year. (Photo: Stefani Reynolds/Bloomberg via Getty Images)

The Fed downgraded near-term expectations for the economy and the labor market, alongside hotter-than-expected inflation, in new estimates out on Wednesday.

Why it matters: It's the first time those closely-watched estimates reflect impact from the delta variant that's already rattled the labor market.

Bipartisan police reform negotiations end without deal

Rep. Karen Bass (D-Calif.) with Sens. Tim Scott (R-S.C.) and Cory Booker (D-N.J.) in the Capitol in May 2021. Photo: Drew Angerer/Getty Images

Bipartisan talks on reforming police tactics and accountability, prompted by George Floyd's murder in May 2020, have ended without a compromise, Sen. Cory Booker (D-N.J.), a key negotiator, said Wednesday.

Why it matters: Lawmakers, led by Rep. Karen Bass (D-Calif.) and Sens. Tim Scott (R-S.C.) and Booker, had been working toward a bipartisan deal for months but they fell apart due to disagreements on qualified immunity and other issues.

Biden speaks with Macron for first time since diplomatic crisis

President Biden and French President Emmanuel Macron have a conversation ahead of the NATO summit in Brussels, on June 14, 2021. Photo: Dursun Aydemir/Anadolu Agency via Getty Images

President Biden on Wednesday spoke with French President Emmanuel Macron for the first time since a diplomatic row erupted over a scrapped submarine order, per the White House.

Driving the news: Macron said that the French ambassador will return to Washington next week and will resume working with senior U.S. officials.