2026-08-27
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Meta has reached an $18 billion settlement over social media's harm to teenagers,
and it could mean big changes for how kids use the Internet.
Plus, the FDA approved a breakthrough drug for one of the deadliest cancers.
In talking to oncologists and researchers, this doesn't seem like something
that happens every year or even every decade.
And the FBI took down a sprawling Chinese hacking network whose targets included NASA, the Fed, and the Senate.
It's Wednesday, August 26th.
I'm Sabrina Siddiqui for The Wall Street Journal, filling in for Alex Osola.
This is the PM edition of What's News, the top headlines and business stories that move the world today.
Meta has agreed to an $18 billion settlement with nearly all states in the U.S.
Over claims that Facebook and Instagram harmed teenagers.
It ends a massive federal trial in Oakland, California that was just getting started.
As part of the deal,
Meta will limit time on its apps to two hours a day for users who are under 18 years old.
There's also a nighttime shutdown and a school mode that blocks notifications during class hours.