Meta agreed to a $17 billion settlement over claims its apps hook kids and teens, a win for states and parents and a costly hit for the company.

• Hawaii is set to receive up to $76 million, with Saipan and American Samoa also covered.
• 47 states argued Facebook and Instagram feeds were built to be addictive for young users; the trial had just started.
• The deal forces Meta to block kids' access from midnight to 6 a.m. and make parental controls easier to use.
• Hawaii's attorney general hopes the terms become a template that pushes YouTube, TikTok and Snapchat to settle too.
• On markets, Nvidia rose 7% after profits beat forecasts and revenue more than doubled, and Salesforce jumped 13% on strong sales.

Outlook: Pressure now shifts to the other big platforms, which face the same claims and a ready-made settlement blueprint.