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WSJ Minute Briefing

Meta Directors and Shareholders Settle Privacy Suit

WSJ Minute Briefing

The Wall Street Journal

Business News, News

3.6631 Ratings

🗓️ 17 July 2025

⏱️ 3 minutes

🧾️ Download transcript

Summary

Plus: Fed chair candidate Kevin Warsh says the next person in the role will maintain the central bank's independence from political pressure. And U.S. retail sales rose 0.6% in June. Pierre Bienaimé hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Americans love using their credit cards, the most secure and hassle-free way to pay.

0:04.0

But DC politicians want to change that with the Durban Marshall Credit Card Bill.

0:08.0

This bill lets corporate megastores pick how your credit card is processed,

0:13.0

allowing them to use untested payment networks that jeopardize your data security and rewards.

0:18.0

Corporate megastores will make more money and you pay the price. Tell Congress

0:22.7

to guard your card because Americans lose when politicians choose. Learn more at guard your card.com.

0:34.1

Here's your midday brief for Thursday, July 17th. I'm Pierre Bienn-May for the Wall Street Journal.

0:40.5

Meta Platforms shareholders who brought a data privacy case against current and former meta officials

0:46.1

have agreed to settle, ending the trial on its second day. The settlement means that high-profile

0:52.0

meta executives and board members will avoid testifying about their response to the Cambridge Analytica scandal that broke in 2018.

0:59.8

Lawyers for both parties didn't immediately return requests for comment on the settlement terms.

1:04.7

A meta spokesman declined to comment.

1:07.3

Former Federal Reserve Governor Kevin Warsh, who is among the candidates President Trump,

1:12.1

has said he's considering to replace Fed Chair Jerome Powell, said he believes the next person in the role will maintain the central bank's independence from political pressure, even under the Trump administration.

1:23.3

Warsh was speaking today in an interview with CNBC.

1:26.8

The U.S. Justice Department fired federal prosecutor Maureen Comey yesterday.

1:31.7

That's according to people familiar with the matter.

1:33.9

The reason for her firing wasn't immediately clear.

1:36.9

Comey was involved in a number of high-profile criminal cases,

1:40.0

including those of sex offender Jeffrey Epstein and his associate Galane Maxwell.

1:44.5

The move comes as some members of Trump's base remain incensed over the Justice Department's decision to backtrack

1:50.3

on a promise to release more material from the FBI's investigation into Epstein.

...

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