Medium announced a new $5 monthly "membership" model on Wednesday aimed at serving its core audience of influencers with high-level crowdsourced content and eventually, paid journalism. The key word here is "crowdsourced," meaning that consumers aren't paying for journalism exclusively; they're paying $5 a month for some journalism alongside insights/text from a large selection of influencers. That's half of what music lovers pay monthly on Spotify for crowdsourced playlists.

The move comes after a major restructuring in January, which included 50 layoffs. In a blog post at that time, Medium said it needed a "new model" for its business because it had only made "incremental improvements on the ad-driven publishing model, not the transformative model we were aiming for."

Why it matters: That ad-driven model is something most publishers are grappling with, because it inevitably rewards scale over loyalty, which is hard to monetize unless you are Google or Facebook. Should Medium's new approach work, it would be one the first to monetize crowdsourced news and insights, but only time will tell if consumers will find enough value in crowdsourced posts and if publishers will find enough value in a paywalled audience.

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Supreme Court won't block Rhode Island's eased absentee voting rules

Photo: Robert Nickelsberg/Getty Images

The Supreme Court said Thursday that it will not block Rhode Island's move to ease its requirements for absentee voting during November's election.

Why it matters: The decision is a loss for Republicans, who had requested an emergency order as the state is expected to begin mailing out its ballots.

Breaking down Uber and Lyft's threat to suspend services in California

Illustration: Lazaro Gamio/Axios

Uber and Lyft are ratcheting up the fight with California’s state government over the classification of drivers with a move that would deprive Californians of their ride-hailing services (and halt driver income).

Driving the news: On Wednesday, both companies said that if a court doesn’t overturn or further pause a new ruling forcing them to reclassify California drivers as employees, they’ll suspend their services in the state until November’s election, when voters could potentially exempt them by passing a ballot measure.

Trump announces normalization of ties between Israel and UAE

Israel Prime Minister Netanyahu, Trump and UAE Crown Prince Mohammed bin Zayed. Photo: Artur Widak/NurPhoto; Samuel Corum; Odd Andersen/AFP via Getty Images

President Trump announced a "historic" deal Thursday which will see Israel and the UAE open full diplomatic relations and Israel suspend its annexation plans in the West Bank.

Why it matters: This is a major breakthrough for Israel, which lacks diplomatic recognition in many Middle Eastern countries but has been steadily improving relations in the Gulf, largely due to mutual antipathy toward Iran.