Esteban Felix / AP

Facebook is courting music labels with the goals of inking licensing deals for videos its users post on the service, according to Bloomberg.

Taking on YouTube: Facebook's main interest in music comes from its focus on video, and on that front YouTube is it's main rival. The Google-owned service offers music artists and labels a revenue source through the ads its places on music videos. It also has a paid music service that competes with the likes of Spotify and Apple Music. Facebook declined to comment.

Why it matters: For Facebook, a deal that would give it access to music artists' videos would draw users even more to the service. For music labels, this could mean significant additional revenue as Facebook now has almost 2 billion monthly active users. It could also mean more pressure on YouTube, which they have criticized for being too lax about copyright infringements, as Bloomberg notes. On the flip side, free music on Facebook could also undo the gains the music industry has made through paid music services.

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Amazon wants to flood America with Alexa cameras and microphones

Photo: Amazon

In a Thursday event unveiling a slew of new home devices ahead of the holidays, Amazon made clearer than ever its determination to flood America with cameras, microphones and the voice of Alexa, its AI assistant.

The big picture: Updating popular products and expanding its range to car alarms and in-home drones, Amazon extended its lead in smart home devices and moved into new areas including cloud gaming and car security. The new offerings will also fuel criticism that the tech giant is helping equip a society built around surveillance.

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Oil's turbulent long-term future

Illustration: Aïda Amer/Axios

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Why it matters: Risk in the industry is nothing new. But these are especially turbulent and uncertain times. The industry's market clout has waned, the future of demand is kind of a mystery, and future U.S. policy is too, just to name three.

Meadows on Wray's voter fraud dismissal: "He has a hard time finding emails in his own FBI"

White House chief of staff Mark Meadows dismissed FBI Director Chris Wray's testimony that the U.S. has never historically seen evidence of widespread voter fraud, including by mail, during an appearance on "CBS This Morning" on Friday.

Why it matters: Meadows' statement highlights the Trump administration's strategy to sow doubt in November's election results by challenging the legitimacy of mail-in ballots, which are expected to skew heavily in Democrats' favor.

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