Meta Platforms has agreed to pay up to $18bn to settle a landmark social media addiction lawsuit involving children. The Financial Times reports the settlement follows claims that the company's platforms caused harm to young users.

Nvidia reported strong sales, more than doubling to $96bn on bumper AI demand. Meanwhile, bond investors now view France as Europe's new problem child, replacing Italy in their concerns.

Bitcoin treasury companies have shed over $80bn in value since mid-last year as their business model unwinds. The FT News Briefing, produced by Victoria Craig, Sonja Hutson, and Saffeya Ahmed, covers these market developments.