LG Electronics has called a global media review. "Campaign" reveals that the incumbent outside the U.S., Havas Media, is not taking part in the process and is believed to have resigned the account six weeks ago.

Facebook is negotiating what could amount to a $5bn fine from the FTC for privacy failings, "The Times" reveals. The company had already booked $3bn in its first-quarter figures to cover the impending punishment, but warned the cost could rise to $5bn.

Starcom has been placed on alert after Airbnb announced a global media review. "Campaign" reveals that the agency handles media for Airbnb in Europe and the US and is hoping the review process will not take long.

NewsGuard has launched in the UK, and "The Guardian" reveals the organisation is in talks with ISPs to automatically alert internet users when they visit a news site deemed to be untrustworthy.

MPs have voiced their concerns that Facebook, Google and Twitter do not alert police after taking down criminal posts, "The Guardian" reports. MPs are reported to have been shocked to hear there is no general strategy for reporting such posts and that the tech giants generally only cooperate with law enforcement agencies when there is immediate risk to life.

Researchers at Wunderman Thompson Intelligence -- formerly JWTIntelligence -- are reporting on the emergence of the Anxiety Economy, where concerns over issues, such as Brexit and climate change, is leading consumers to move toward healthier living and self-protection, Netimperative reports.

Together they would have created Britain's largest supermarket chain, but today the Competition and Markets Authority (CMA) has blocked the merger of Sainsbury's and Asda, "Sky News" reports.

"The Guardian" is reporting that the parliamentary hearing into a coordinated series of Brexit ads, which were made to appear independent, may have harvested up to a million email addresses, according to testimony from the Information Commissioner, Elizabeth Denham.

"Campaign" reveals that Superdrug is on the verge of appointing Grey London to its creative account. FCB Inferno and McCann were believed to have been in the final shortlist of three agencies.

Ahead of next month's European parliamentary elections, the EU has warned Google, Facebook and Twitter they must do more to fight fake news and bots, "The Telegraph" writes.