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The Washington Post will be the first content partner to provide breaking news updates throughout the day on Snapchat Discover.

How is this different? The Post will be the first publisher to update its Snapchat content multiple times per day, vs. other news providers that publish once or twice per day. The paper says it's building out a separate team to manage the new product, which will include video and motion graphics experts.

Why this matters:

  • For Snapchat, the Post deal adds a new angle to the Discover platform, which typically features more soft-news and lifestyle content. It also lays the groundwork for Snapchat to pursue long-form content deals with news partners in the future. In paperwork filed ahead of its IPO last week, Snapchat said content partnerships are largely what keeps users engaged for up to 25-30 minutes per day.
  • For the Post, it's another platform for its emerging news products team that's also developed content for Facebook Instant Articles and Apple News. The Post's Managing Editor Emilio Garcia-Ruiz tells Axios that the focus is not to extend their millennial reach, but to experiment with alternative storytelling techniques. "This is the way communication is going," Garcia-Ruiz says. Director of Emerging News Products Chris Meighan says "The Post's mantra is to get on platforms and see how it plays out over a period of time."

Go deeper

Dan Primack, author of Pro Rata
3 hours ago - Politics & Policy

Democrats' billionaires tax explained

Illustration: Aïda Amer/Axios

There is now legislative language behind the push to tax American billionaires on unrealized capital gains, as Sen. Ron Wyden last night released his 107-page plan.

Why it matters: This would be a sea change in U.S. tax policy, which has only applied to realized gains (otherwise known as income).

4 hours ago - World

Scoop: Blinken protests Israel settlements approval in "tense" phone call

Benny Gantz (L) and Tony Blinken. Photo: Jacquelyn Martin/Pool/AFP via Getty

Secretary of State Tony Blinken protested the decision to approve 3,000 new housing units in Israeli settlements in the occupied West Bank during a tense phone call on Tuesday with Israeli Defense Minister Benny Gantz, three Israeli officials tell me.

Why it matters: This is the first time new construction in the settlements has been approved since President Biden assumed office, and the Biden administration had been privately pressing the Israeli government not to proceed.

The startup that wants to disrupt big internet providers

Illustration: Maura Losch/Axios

A new startup backed by funding from AOL founder Steve Case and Laurene Powell Jobs wants to break up broadband monopolies across the country.

Why it matters: Internet access has been crucial during the pandemic, but it's not ubiquitous, and it can be both slow and unaffordable in swaths of the country.