Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning.

Good morning, we've made it to the final day of trading for the month, Wednesday, July 31st, I'm Julie Morgan.

Meta platforms agrees to pay a hefty settlement.

Airlines are getting the reminder that they must comply with the law passed earlier this year.

And the DOJ tells Norfolk Southern that people should always be the priority.

Meta platforms has agreed to a $1.4 billion settlement for a lawsuit filed by the state of Texas

over allegations of capturing biometric data through its facial recognition technology.

The 2022 lawsuit accuses Meta of misusing users' data on Facebook for the purposes of

photo face tagging, particularly through a feature called tag.

Texas Attorney General Ken Paxton said the money will be paid over five years

and is the largest settlement obtained by a single state.

Previously in 2021, the Social Network Company agreed to pay $650 million over similar allegations of users in Illinois.

Alphabet's Google is also fighting a similar lawsuit by Texas accusing it of violating the state's biometric law.

Shares of meta platforms are relatively flat in pre-market action.

Year to date, the stock has gained 31% with a market cap standing at 1.18 trillion.

Transportation Secretary Pete Budajegage has reminded Tr

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Transportation Secretary Pete Boudajed has the

the top 10 U.S. Airlines that they need to pay up.

A law passed in May requires airlines to provide refunds for cancelled or delayed flights.

The industry has requested for more time to comply.

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