Nov 9, 2017

Twitter and Facebook to weigh in on new ad disclosures

Examples of Russian-bought political ads that ran on Facebook platforms in 2016. Photo: Jon Elswick / AP

Twitter and Facebook tell us they plan to submit written comments on political ad disclosures to the Federal Elections Commission to inform a formal proposal on internet disclaimers. The open comment period ends today, and the FEC will make the comments public shortly thereafter. Google declined to say whether it would submit comments.

Why it matters: During testimony on Russian election meddling on Capitol Hill last week, Google, Twitter and Facebook all committed to working with regulators on crafting new online political ad disclosure rules. Proposed legislation would require all political ads running online to disclose who is paying for the ads, similar to the requirements for political ads running on TV and radio.

Public pressure: FEC Commissioner Ellen Weintraub sent letters to the CEOs of the companies this week asking for their feedback on practical solutions. "Given the prominence of Google in the public discourse of this nation, it is important that the Federal Election Commission hear from you," she wrote in the letter to Larry Page.

Go deeper

Trump indulges Wall Street with Milken pardon

Photo Illustration: Sarah Grillo/Axios. Photo: Chris Graythen/Getty Images

Donald Trump loves Wall Street shenanigans. Companies owned by him have declared bankruptcy six different times, and he was once sued alongside Mike Milken for participating in a scheme to artificially inflate junk-bond prices.

Driving the news: Trump pardoned Milken this week, with an official statement positively gushing over Milken's role in developing the wilder side of fixed-income capital markets.

Situational awareness

Photo: Win McNamee/Getty Images

Catch up on today's biggest news:

  1. Roger Stone sentenced to 40 months in prison
  2. Top NSC official reassigned to Energy Department amid "Anonymous" fallout
  3. Morgan Stanley to buy E*Trade in $13 billion deal
  4. Coronavirus slams companies' 2020 sales projections
  5. Black activist group gives its first presidential endorsement to Elizabeth Warren

Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,100 people and infected over 75,000 others, mostly in mainland China, where the National Health Commission announced 114 new deaths since Wednesday.

Go deeperArrowUpdated 1 hour ago - Health