Why Meta is Paying Billions to Settle This Case

On today's episode of Fortune Daily: Bill Gates shares a new, urgent essay detailing the looming threats AI poses to society. Plus, we dive into the landmark Meta settlement — what it means for teens on Facebook and Instagram and how other social media apps may follow suit with Fortune News Editor Catherina Gioino. Next, Senior Fortune Reporter Eleanor Pringle breaks down the U.S. bond market in Bull/Bear/Base Case. And we go inside Bill Ackman’s brain research institute and discuss whether we’re entering a new golden age of philanthropy with Fortune’s Finance and Crypto Editor, Jeff John Roberts. Subscribe to Fortune Daily for more deep dives into the world's most powerful companies. Additional images courtesy of Getty Images