Youtube Rego Korosi via Flickr CC

YouTube and Universal Music Group have struck a "global, multi-year agreement," the CEO's of YouTube and Universal announced Tuesday. The tech giant has also struck a deal with Sony Music, per Bloomberg. Universal says the agreement gives artists better deals. The music group will have better leverage over what appears on advertising-supported channels and what doesn't.

Why it matters: YouTube, which announced this month that it will launch its own subscription music service, now has licenses from three of the biggest record labels: Universal, Warner, and Sony. While roughly 25% of all music streamed globally comes from YouTube, it's struggled to get consumers to pay for it. It' also struggled to strike deals with labels in the past due to its lack of strict copyright protections. The deals should give YouTube more access to content to sell subscriptions.

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Sarah Grillo/Axios. Photo: Drew Angerer/Getty Images

Joe Biden is planning to confront China across the globe, embracing some of President Trump's goals but rejecting his means.

The big picture: By starting a trade war with China, Trump has fundamentally altered the U.S.- China relationship — and forced both Republicans and Democrats to accept a more confrontational approach towards Beijing.

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Illustration: Sarah Grillo/Axios

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In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.

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