Noah Berger / AP

Facebook is investing $1 billion in video content through 2018, The Wall Street Journal reports. Sources told the The New York Times two weeks ago that Facebook plans to spend $3 million per episode on a drama.

Why it matters: The investment matches the reported $1 billion content investment from rival Apple, as well as the billions invested by other major tech companies like Netflix, YouTube, and Amazon. It shows Facebook's commitment to being a video-first company, a mission that has been reiterated to investors by executives continuously during Facebook's earnings calls this year.

Facebook officially launched "Watch," it's video platform this week, with dozens of shows planned from digital media companies, newspaper companies and TV companies. It has also been competing for lucrative live-streaming contracts. It recently lost a major bid to livestream cricket in India to 21st Century Fox but has signed deals to stream MLB and ESL (e-sports) games.

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Federal judge blocks DOJ from defending Trump in Carroll rape defamation case

E. Jean Carroll in Warwick, New York. Photo: Eva Deitch for The Washington Post via Getty Images

A federal judge on Tuesday dismissed the Justice Department's attempted intervention on behalf of President Trump in writer E. Jean Carroll's defamation lawsuit against him, after she accused him of raping her in a dressing room in the mid-1990s.

Catch up quick: The agency argued that Trump was "acting within the scope of his office" as president when he said in 2019 that Carroll was "lying" about her claim.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Axios-Ipsos poll: Federal response has only gotten worse — The swing states where the pandemic is raging.
  2. Health: The coronavirus is starting to crush some hospitals — 13 states set single-day case records last week.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events.
  6. World: Unrest in Italy as restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.

Pre-bunking rises ahead of the 2020 election

Illustration: Eniola Odetunde/Axios

Tech platforms are no longer satisfied with debunking falsehoods — now they're starting to invest in efforts that preemptively show users accurate information to help them counter falsehoods later on.

Why it matters: Experts argue that pre-bunking can be a more effective strategy for combating misinformation than fact-checking. It's also a less polarizing way to address misinformation than trying to apply judgements to posts after they've been shared.