The Gates Foundation will be launching its own open access journal, Gates Open Research.
"a platform for rapid author-led publication and open peer review of research"
The Gates Foundation joins the Wellcome Trust in launching this approach, and they are both using the same underlying platform, F1000.
(Note that this is in addition to the previous announcement that the Gates Foundation will be paying Science to enable open access to Gates-funded research in what were previously closed-access journals.)
In a Times Higher Education story, Jean-Claude Burgelman suggests the European Commission might also create its own open access journal.
Nature News also covered the story: Gates Foundation announces open-access publishing venture.
These two journals will also gain the capability for open peer review that is part of the F1000 platform. There is a short blog post on the F1000 site: Gates Open Research: the journey continues.
Related to this announcement there is also a (free) Economist Babbage podcast item on preprints and open peer review
https://soundcloud.com/theeconomist/babbage-ubers-trail-of-woes#t=1:04 (from 1:04 to 7:46)
and (not at all free) - three articles in the Economist:
March 23, 2017 Economist cover item (what the Economist calls a Leader): “Science’s publishing problem” – Leaders consist of a summary article and a more detailed article
It happens that the Economist also did a piece about altmetrics in the same issue (altmetrics aren’t discussed in the podcast)
February 17, 2017 Many preprint services