Sign up for our daily briefing

Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Matt Rourke / AP

At its annual meeting on Thursday, Facebook shareholders rejected a proposal that the company prepare a report on employee pay across gender and ethnicity.

Facebook's board, which recommended against the proposal, argued that it already has systems in place to combat pay inequality. Arjuna Capital, which submitted the idea, says that third-party data suggests there are still gaps.

Why it matters: Along with hiring, pay gaps have also become a hot topic in Silicon Valley's conversation about diversity. Google is currently embroiled in a court battle over allegations that it's not paying female employees as much as men. Meanwhile, Salesforce has now audited its employee pay two years in a row, and spent $6 million to fill in the gaps, according to the company.

Other highlights from the shareholder meeting:

  • New capital structure: Facebook's plan to restructure in order for CEO Mark Zuckerberg to retain control is still delayed by a lawsuit, so not expected before 2018 at the earliest, said the company.
  • Fake news: The company plans to approach the issue similarly to spam, and wants to make it easier for users to access a spectrum of viewpoints.
  • Oculus: Facebook doesn't plan on making much profit from its Oculus hardware in the next few years—instead it's focused on building content and software and making virtual reality tech as widely available as possible.
  • China: The company wants to reach people in China, but it's taking its time to figure how to best do this.

Go deeper

Axios-Ipsos poll: Trust in federal coronavirus response surges

Data: Axios/Ipsos survey; Chart: Danielle Alberti/Axios

Trust surged in the federal government since President Biden's inauguration when it comes to COVID-19 — but that's almost entirely because of Democrats gaining confidence, according to the latest installment of the Axios/Ipsos Coronavirus Index.

The big picture: Americans reported the biggest improvement in their mental and emotional health since our survey began last March, and the highest trust levels since April about the federal government providing them accurate virus information and looking out for their best interests.

7 hours ago - Politics & Policy

McConnell drops filibuster demand, paving way for power-sharing deal

Senate Majority Leader Chuck Schumer (R) and Minority Leader Mitch McConnell attend a joint session of Congress. Photo: Olivier Douliery/AFP via Getty Images

Senate Minority Leader Mitch McConnell has abandoned his demand that Democrats state, in writing, that they would not abandon the legislative filibuster.

Between the lines: McConnell was never going to agree to a 50-50 power sharing deal without putting up a fight over keeping the 60-vote threshold. But the minority leader ultimately caved after it became clear that delaying the organizing resolution was no longer feasible.

8 hours ago - Technology

Scoop: Google won't donate to members of Congress who voted against election results

Sen. Ted Cruz led the group of Republicans who opposed certifying the results. Photo: Stefani Reynolds/Pool/AFP via Getty Images

Google will not make contributions from its political action committee this cycle to any member of Congress who voted against certifying the results of the presidential election, following the deadly Capitol riot.

Why it matters: Several major businesses paused or pulled political donations following the events of Jan. 6, when pro-Trump rioters, riled up by former President Trump, stormed the Capitol on the day it was to certify the election results.