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Uber and Lyft logos in Los Angeles, California. Photo: Smith Collection/Gado/Getty Images

Uber, Lyft and DoorDash are prepared to spend a collective $90 million on a ballot measure, vowing on Thursday to fight a California bill that would force their workers in the state to be treated as employees, rather than independent contractors, the AP reports.

What's happening: The companies are offering $30 million each to counter the state bill with a yet-to-be drafted ballot initiative that would give drivers health benefits, collective bargaining rights and earnings guarantees. Per the New York Times, the tech firms argue that "changing the legal status of their drivers poses a fundamental threat to their businesses."

Details: Uber is offering approximately $21 per hour as minimum wage to its drivers, a "portable benefits fund," and a process where drivers could have "legally recognized influence over decisions that impact their work" through "their own democratic process."

What's next ... As the AP notes, “We will meet the gig companies’ absurd political spending with a vigorous worker-led campaign to defeat this measure to ensure working people have the basic job protections and the right to organize a union they deserve under the law,” according to Steve Smith, spokesman for the California Labor Federation, which sponsored the bill.

  • The companies, trying to strike a bargain before the bill comes to a vote in September, would ditch their ballot plan if they could come up with a compromise with Gov. Gavin Newsom and the unions on a bill that provides unique requirements for those who work “gig” jobs.

Go deeper: A California bill could upend the gig economy

Go deeper

First look: Senators propose bill to ban corporate PACs

Sens. Jon Ossoff and Mark Kelly. Photos: Chip Somodevilla (left), Courtney Pedroza/Getty Images

Sens. Mark Kelly (D-Ariz.) and Jon Ossoff (D-Ga.) will soon propose a bill prohibiting for-profit corporations from establishing and managing political action committees, according to a copy of the legislation obtained by Axios.

Why it matters: The introduction of "The Ban Corporate PACs Act" comes amid heightened scrutiny on Capitol Hill regarding money in politics, including efforts to bar companies from influencing political campaigns and federal elections. It would likely face a court challenge and First Amendment concerns.

Exclusive: YouTube shuts down two Oath Keepers channels

Stewart Rhodes, founder of Oath Keepers. (Photo: Aaron C. Davis/The Washington Post via Getty Images)

YouTube has deactivated two channels linked to the Oath Keepers militia group whose members have been charged in relation to the January 6 Capitol riot, the company told Axios.

The big picture: Social media platforms that were used to plan or promote the Capitol attack have moved with varying degrees of speed to bar the accounts involved.

FAA clears more planes after 5G fears

Photo: David McNew/Getty Images

The Federal Aviation Administration said Thursday it had approved nearly 80% of the U.S. commercial fleet to perform low-visibility landings at airports with new 5G services after fears of signal interference limited 5G rollout.

Why it matters: The FAA approvals will help provide more certainty after the agency raised fears that 5G signals could reduce the accuracy of certain equipment, known as radio altimeters, that helps planes land and take off in inclement weather.