Yesterday, Twitter began informing users that it updated its privacy policy, including how Twitter uses offline browser history to inform advertisers of your interests. Twitter used to store data it collected on users for 10 days, but it says it will now store that data for a month. Of course, users can opt out of this collection entirely, and have always been able to, but Twitter made a point to flag users of this via a very visible full-screen pop-up.

Why it matters: The move comes after Facebook was penalized in France and Belgium for failing to adequately disclose details of user data collection given to third-parties to sell advertising. This is Twitter getting ahead of that problem. The update also lets users edit their audience targeting system, so that Twitter can better target you with ads you actually like.

Gut check: More than a quarter of internet users in the U.S. use ad blockers, and that number has been steadily increasing year over year, according to estimates by eMarketer.

Fun take: Recode's Kurt Wagner notes that the update now allows users to see what "interests" Twitter thinks you have based off on-platform Twitter data as well as off-platform data that it has collected from browsing history, cookies, etc. Users can also request how many audience segments they've been pinged to and how many advertisers are targeting them.

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Jeff Sessions loses Alabama Senate primary runoff

Jeff Sessions. Photo: Michael DeMocker/Getty Images

Former Attorney General Jeff Sessions has lost the Republican nomination for Senate to Tommy Tuberville in Alabama in Tuesday night’s primary runoff, AP reports.

Why it matters: Sessions had been the underdog in the race against former Auburn University head football coach Tommy Tuberville, who had the backing of President Trump. Tuberville will now face off against Sen. Doug Jones (D-Ala.) in November, who is considered to have one of the most vulnerable Democratic Senate seats in the country.

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 p.m. ET: 13,273,537 — Total deaths: 577,006 — Total recoveries — 7,367,106Map.
  2. U.S.: Total confirmed cases as of 9 p.m. ET: 3,424,304 — Total deaths: 136,432 — Total recoveries: 1,049,098 — Total tested: 41,764,557Map.
  3. Politics: Biden welcomes Trump wearing mask in public but warns "it’s not enough"
  4. Public health: Four former CDC heads say Trump's undermining of agency puts lives at risk — CDC director: U.S. could get coronavirus "under control" in 4–8 weeks if all wear masks.

Bank CEOs brace for worsening economic scenario

JPMorgan CEO Jamie Dimon. Photo: J. Lawler Duggan/For The Washington Post via Getty Images

Wells Fargo swung to its first loss since the financial crisis — while JPMorgan Chase and Citigroup reported significantly lower profits from a year earlier — as the banks set aside billions of dollars more in the second quarter for loans that may go bad.

Why it matters: The cumulative $28 billion in loan loss provisions that banks have so far announced they’re reserving serves as a signal they’re preparing for a colossal wave of loan defaults as the economy slogs through a coronavirus-driven downturn.