fast-breaking

[fast-brey-king, fahst-]
adjective
(of a news story) occurring suddenly, and often portending a series of events or further developments in rapid succession.
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fast-break

[fast-breyk, fahst-]
verb (used without object), fast-broke, fast-broken, fast-breaking. Basketball.
to execute or play in the style of a fast break.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Example sentences
Granted, this was a fast-breaking story, but this noun-phrase pileup is
  impossible to read.
It does not apply to productions that are intended for fast-breaking or
  developing news stories.
US citizens are urged to monitor local media for information about
  fast-breaking situations that could affect their security.
Controllers also reportedly respond to fast-breaking, difficult conditions such
  as weather changes and traffic shifts.
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