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Regulator said to close in on privacy deal with Facebook

Facebook CEO Mark Zuckerberg. Photo: Artur Widak/NurPhoto via Getty Images

A settlement between Facebook and the Federal Trade Commission likely will not directly restrict the way Facebook tracks and provides user data to certain third parties, the New York Times reported on Saturday.

  • Yes, but: The Washington Post's Tony Romm reported on Friday that the company is open more scrutiny for its data practices.

Why it matters: Expect the agency's 5 members to put a settlement to a vote soon, according to the NYT's Cecilia Kang. They have reportedly been divided over how harshly to penalize the social giant and its founder, Mark Zuckerberg, for alleged privacy failures.

Go deeper: Facebook's regulatory woes

Go deeper

Axios
15 mins ago - Podcasts

Bob Nelsen on AstraZeneca and his plan to revolutionize biotech

AstraZeneca and the University of Oxford on Monday reported promising efficacy data for their COVID-19 vaccine, which has less stringent storage requirements than the Pfizer and Moderna vaccines and may be distributed earlier in developing countries.

Axios Re:Cap digs into the state of vaccine and therapeutics manufacturing with Bob Nelsen, a successful biotech investor who on Monday launched Resilience, a giant new pharma production platform that he believes will prepare America for its next major health challenges.

Ben Geman, author of Generate
Updated 21 mins ago - Energy & Environment

Unpacking Joe Biden's decision to tap John Kerry as his climate envoy

Photo: Pablo Blazquez Dominguez/Getty Images

President-elect Joe Biden is naming former Secretary of State John Kerry as a special presidential envoy for climate change.

Why it matters: The transition team's announcement sought to show that it will be an influential role, noting that Kerry — a former Massachusetts senator and the Democrats' 2004 presidential nominee — will be on the National Security Council.

Go deeper (1 min. read)Arrow
Dave Lawler, author of World
2 hours ago - World

Oxford and AstraZeneca's vaccine won't just go to rich countries

Waiting, in New Delhi. Photo: Jewel Samad/AFP via Getty Images

While the 95% efficacy rates for the Moderna and Pfizer/BioNTech vaccines are great news for the U.S. and Europe, Monday's announcement from Oxford and AstraZeneca may be far more significant for the rest of the world.

Why it matters: Oxford and AstraZeneca plan to distribute their vaccine at cost (around $3-4 per dose), and have already committed to providing over 1 billion doses to the developing world. The price tags are higher for the Pfizer ($20) and Moderna ($32-37) vaccines.

Go deeper (2 min. read)Arrow