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Abstract:Spotify Technology SA will add a “content advisory” to any podcast episode that includes discussion about COVID-19, Chief Executive Officer Daniel Ek said, after coming under fire from rock and folk legends for giving voice to misinformation about COVID-19 vaccines.
“This new effort to combat misinformation will roll out to countries around the world in the coming days,” Ek wrote in a blog post published Sunday. “To our knowledge, this content advisory is the first of its kind by a major podcast platform.”
Britains Prince Harry and his wife Meghan also expressed their concern to Spotify about COVID-19 misinformation on its platform and are committed to continuing to work with the company, a spokesperson for their Archewell foundation said on Sunday.
The advisory will direct listeners to a COVID-19 hub that contains facts and information from medical and health experts, as well as links to trusted sources.
The move comes after singer-songwriters Neil Young and Joni Mitchell announced they are removing their music from Spotify in protest that the popular streaming service has allowed the airing of misinformation about COVID-19 vaccines.
Young objected to his music being played on the same platform as Joe Rogans top-rated podcast “The Joe Rogan Experience.” A prominent vaccine skeptic, Rogan has stirred controversy with his views on the pandemic, government mandates and vaccines to control the spread of the coronavirus.
Earlier this month, 270 scientists and medical professionals signed a letter urging Spotify to take action against Rogan, accusing him of spreading falsehoods on the podcast.
In a tweet on Saturday best-selling author Brene Brown — host of the Spotify-exclusive podcasts “Unlocking Us” and “Dare to Lead” — said she would “not be releasing any podcasts until further notice.”
Brown could not immediately be reached for comment.
Spotify is also publishing platform rules for its creators, according to Eks post.
“We know we have a critical role to play in supporting creator expression while balancing it with the safety of our users,” he wrote. “In that role, it is important to me that we dont take on the position of being content censor while also making sure that there are rules in place and consequences for those who violate them.”
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Wednesday's major data releases and macroeconomic events are expected to cause volatility to increase after another day of erratic trading in the financial markets. The Spring Budget for the UK will be released, and January Retail Sales figures for January will be made available by Eurostat. ADP Employment Change for February and January JOLTS Job Openings will be discussed later in the session on the US economic docket.
Major currency pairings are still trading in familiar ranges early on Tuesday after the erratic trading on Monday. The US economic docket for the American session will include the factory orders data for January and the ISM Services PMI survey for February. Final updates to the February PMI for the US, Germany, the UK, and the EU will also be released by S&P.