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The Information

Former Wall Street Journal reporter Jessica Lessin has already launched her own subscription news company, The Information. Now, she wants to help others do the same, Axios has learned.

Lessin is launching "The Information Accelerator," an incubator that will advise up-and-coming subscription news startups and offer expertise, distribution and capital. Startups from anywhere around the globe will get $25,000 + to build a subscription-based news publication (on any topic) that features original reporting. Lessin's hope is that the incubator will receive email applications from those looking to transform local news.

Why it matters: "Without a shift, the news business will remain dominated by content that is aligned with advertisers not readers, and quality journalism will remain in peril," Lessin says. Lesson tells Axios that the program stemmed from being approached by many reporters who wanted to start subscription businesses but didn't know how. "This is about de-risking the decision and helping reporters build real businesses faster."

Providing tech-focused experience: Lessin plans to spend a lot of time teaching entrepreneurs how to use tech on their own terms, instead of relying on the resources of bigger tech companies. Part of the program will be participation in "The Information Boot Camp," where participants will travel to San Francisco to work with Lessin's team at The Information.

Note: Axios CEO and co-founder Jim Vandehei is a member of The Information's Board of Advisors.

Go deeper

24 mins ago - Technology

Exclusive: Facebook's blackout didn't dent political ad reach

Photo: Valera Golovniov/SOPA Images/LightRocket via Getty Images

Americans saw more political ads on Facebook in the week before the 2020 election than they did the prior week despite the company's blackout on new political ads during that period, according to Global Witness, a human rights group that espouses tech regulation.

Why it matters: The presidential election was a key stress test for Facebook and other leading online platforms looking to prove that they can curb misinformation. Critics contend measures like the ad blackout barely made a dent.

Wall Street wonders how bad it has to get

Illustration: Aïda Amer/Axios

Wall Street is working out how bad the economy will have to get for Congress to feel motivated to move on economic support.

Why it matters: A pre-Thanksgiving data dump showed more evidence of a floundering economic recovery. But the slow drip of crumbling economic data may not be enough to push Washington past a gridlock to halt the economic backslide.

2 hours ago - Health

Moderna to file for FDA emergency use authorization for COVID-19 vaccine

Photo illustration by STR/NurPhoto via Getty Images

Moderna announced that it plans to file with the FDA Monday for an emergency use authorization for its coronavirus vaccine, which the company said has an efficacy rate of 94.1%.

Why it matters: Moderna will become the second company to file for a vaccine EUA after Pfizer did the same earlier this month, potentially paving the way for the U.S. to have two COVID-19 vaccines in distribution by the end of the year. The company said its vaccine has a 100% efficacy rate against severe COVID cases.