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Oath's new terms of service forcing users to give up their class action lawsuit rights. Screenshot: Yahoo.com

Verizon's Oath unit, which includes Yahoo, AOL and other media properties, is making a change that requires users to give up their right to be part of class action lawsuits. All disputes will have to be handled through arbitration, according to its revised terms of service.

Why it matters: Yahoo, as you'll remember, has had some data breach issues in the past. Litigating such matters as an individual consumer, even through arbitration, is impractical.

"Hopefully, disputes will never be an issue, but in the case of one, this allows a third-party arbitrator to help us resolve them," Oath says in a summary page explaining the move. "We’ve also added a class action waiver. These provisions are an important part of our relationship with you, so please read them carefully."

A Yahoo representative was not immediately available to explain the rationale for the new policy.

Why it's changing: The new dispute policy is part of broader terms of service changes going into effect immediately for new users and as of May 25 for existing ones.

  • While lots of companies are making changes ahead of that date to comply with a new European data protection law known as GDPR, the arbitration clause is specific for U.S. users.

Go deeper

Updated 7 hours ago - World

Mexican President López Obrador tests positive for coronavirus

Mexico's President Andrés Manuel López Obrador during a press conference at National Palace in Mexico City, Mexico, on Wednesday. Photo: Ismael Rosas/Eyepix Group/Barcroft Media via Getty Images

Mexican President Andrés Manuel López Obrador announced Sunday evening that he's tested positive for COVID-19.

Driving the news: López Obrador tweeted that he has mild symptoms and is receiving medical treatment. "As always, I am optimistic," he added. "We will all move forward."

7 hours ago - Politics & Policy

Sarah Huckabee Sanders to run for governor of Arkansas

Sarah Huckabee Sanders at FOX News' studios in New York City in 2019. Photo: Steven Ferdman/Getty Images

Former White House press secretary Sarah Huckabee Sanders will announce Monday that she's running for governor of Arkansas.

The big picture: Sanders was touted as a contender after it was announced she was leaving the Trump administration in June 2019. Then-President Trump tweeted he hoped she would run for governor, adding "she would be fantastic." Sanders is "seen as leader in the polls" in the Republican state, notes the Washington Post's Josh Dawsey, who first reported the news.

Coronavirus has inflamed global inequality

Illustration: Aïda Amer/Axios

History will likely remember the pandemic as the "first time since records began that inequality rose in virtually every country on earth at the same time." That's the verdict from Oxfam's inequality report covering the year 2020 — a terrible year that hit the poorest, hardest across the planet.

Why it matters: The world's poorest were already in a race against time, facing down an existential risk in the form of global climate change. The coronavirus pandemic could set global poverty reduction back as much as a full decade, according to the World Bank.