Twitter has been under pressure to back the bill. Photo: Justin Sullivan/Getty Images

Twitter said Monday it is backing a bill to require more disclosures around online political ads, after facing pressure following Facebook's endorsement.

The bigger picture: The endorsements show the web companies still dealing with the fallout of manipulation of their platforms during the 2016 elections are becoming increasingly willing to work with policymakers on new rules.

  • The bill hasn't gained much momentum since being introduced last fall, so it's unlikely to pass anytime soon.
  • Google has not yet endorsed the bill, despite pressure from Sens. Mark Warner and Amy Klobuchar.

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Trump's new TikTok threat

Photo illustration: Aïda Amer/Axios. Photo: Jim Watson/AFP via Getty Images

President Trump said twice Monday that the U.S. Treasury would need to get a portion of the sale price of TikTok, as a condition of regulatory approval.

Why it matters: This is akin to extortion — the sort of thing you'd expect to hear on a wiretap, not from the White House in front of reporters.

Ford names James Farley as new CEO amid ongoing turnaround effort

James Hackett, left, is retiring as Ford CEO. Jim Farley, right, takes over Oct. 1. Photo: Ford

Ford announced Tuesday that James Farley will take over as its next CEO, replacing James Hackett, 65, who is retiring after three years in the job.

Why it matters: It leaves Farley to complete the company's ongoing turnaround effort. The transition will be that much harder as the industry tries to navigate the coronavirus-induced economic slowdown which shuttered Ford plants for two months on the eve of some of its most important vehicle launches.

Updated 3 hours ago - Politics & Policy

Watch the full "Axios on HBO" interview with President Trump

In this episode of “Axios on HBO”, President Trump discusses his handling of the coronavirus pandemic, the upcoming election and much more with National Political Correspondent Jonathan Swan.

The interview was filmed on Tuesday, July 28 and aired Monday, Aug. 3 on HBO.