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Meta prepares to face off in court against four states seeking
over a trillion dollars in damages for social media's harm to kids.
Plus, retail giant Costco prepares to enter the Medicare market.
And minerals companies lean into red, white, and blue branding in a bid to score federal funding.
The CEO of Rare Earth Americas was recently the CEO of American Rare Earths.
I asked him whether that was confusing for him.
He said that he was able to keep it straight.
But it's hard for the rest of us.
It's Tuesday, August 18th.
I'm Luke Vargas for The Wall Street Journal.
And here is the AM edition of What's News, the top headlines and business stories moving your world today.
Lawyers for Meta will be back in federal court today in Oakland, California,
for the start of the latest trial accusing the social media company of contributing to a crisis in youth mental health.
Of the thousands of lawsuits that Meta faces over child safety on its platforms,
the potential financial damages involved in the case brought by dozens of states could be the most consequential.