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Social Media and the Myth of the Big Tobacco Moment

Smoking used to be everywhere, the way Facebook, TikTok, Snap, YouTube and Instagram are now. Society decided to break the habit, but it took a long time.

© Jason Henry for The New York Times

Meta will pay up to $17.1 billion over a decade and make changes to its social media properties to make them less compulsive for young people.
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Why Countries Are Pushing Social Media Bans Despite Their Flaws

Proposals for curbing social media use among children have wide support, but critics say they are ineffective.

© Jeremy Piper/Reuters

Teenagers in Australia on their phones. The country’s social media ban, which took effect in December, has so far failed to keep children off the platforms.
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Companies Can Tell Investors Less Under Proposed S.E.C. Rules

Fewer audit and disclosure requirements could reduce costs, but experts say they could also help disguise fraud or financial stress.

© Tierney L. Cross for The New York Times

Paul Atkins, the Trump-appointed chairman of the Securities and Exchange Commission.
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Fed Chairman Warsh Seeks to Calm Elevated Inflation Concerns

In a high-profile speech, Kevin M. Warsh said the Federal Reserve was chiefly responsible for taming inflation. If price increases do not return to the central bank’s target quickly, “we have work to do,” he said.

© Natalie Behring/Getty Images

Kevin M. Warsh, the Federal Reserve chairman, left, used a closely watched speech in Jackson, Wyo., to assure the public that the central bank is committed to tackling inflation.
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Trump Administration’s Blacklisting of Anthropic Was Illegal, Judge Rules

The government retaliated against the A.I. start-up “for constitutionally protected expressive activities,” a federal judge in California wrote.

© Karsten Moran for The New York Times

Anthropic, led by Dario Amodei, was barred from government work after it insisted that its technology not be used in mass surveillance of Americans or for autonomous lethal weapons.
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White House Construction May Have Contributed to Close Call With Trump’s Helicopter

A controller let a jet take off after missing warnings that Marine One was about to fly through the area, according to the National Transportation Safety Board.

© Kent Nishimura for The New York Times

A passenger jet came within a mile of Marine One in early August, after an air traffic controller at Ronald Reagan National Airport appeared to have missed multiple warnings.
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