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Screenshots from SNL on Snapchat Discovery

SNL has officially launched their first-ever show on Snapchat Discover.

Plot summary: The first episode, "Boycott" features SNL personalities Aidy Bryant and Beck Bennett trying to navigate Trump's America. After leaving an anti-Trump protest, the two characters hop in an Uber to go home, only to realize that Uber's CEO Travis Kalanick was on Trump's business council, causing them to hop out immediately. The couple faces a similar set of conundrums all day.

Why it matters: Snapchat has announced a slew of media partnerships since filing for its IPO last week, to compete with the direct content licensing partnerships of competitors like Facebook and Twitter. Snapchat's content partnerships vary from established news brands, like The New York Times and Time. Inc. to television partners, like BBC Worldwide and A&E.

What's next: Snap is expected to announce additional partners to join their Discover platform to produce full shows or publish special editions of shows. In a statement Thursday, Snap said they are also working with NBC, Turner and ABC to create new scripted and unscripted shows.

Go deeper

Erica Pandey, author of @Work
1 hour ago - Economy & Business

What's really going on with the labor market

Source: YCharts

The labor market is showing some signs of improvement: Jobless claims fell to 730,000 — a dramatic drop from 841,000 the previous week. And the latest jobs report showed a pandemic-era low unemployment rate of 6.3%

But, but, but: That's not the full story, experts say.

Felix Salmon, author of Capital
1 hour ago - Economy & Business

Markets see rare convergence milestone

Expand chart
Data: YCharts; Chart: Axios Visuals

A milestone was reached in the markets Thursday: The yield on the 10-year Treasury note rose to match the dividend yield on the S&P 500

Why it matters: The two yields have been inverted since the beginning of last year, which is historically unusual.

Mike Allen, author of AM
2 hours ago - Economy & Business

First look: Business puts muscle behind Biden

Business Roundtable, the voice of America's top CEOs, today launched "Move the Needle," a campaign to support President Biden in rolling out COVID vaccines, increasing vaccine uptake and encouraging masks.

What they're saying: "Masks and vaccines are working. Now is the time to keep at it, overcome pandemic fatigue, and double down on the measures that will end this public health and economic crisis, said Business Roundtable president and CEO Josh Bolten.