🗞️Bank of America settles Epstein lawsuit

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March 16th, 2026

What happened today 🇺🇸,

• Bank of America has reached a settlement in principle with Jeffrey Epstein's victims in a lawsuit alleging the bank facilitated his sex-trafficking by overlooking suspicious transactions, the settlement terms are undisclosed and await approval by a U.S. District Judge…Bank of America continues to deny any wrongdoing

• President Trump announced that his White House Chief of Staff, Susie Wiles, has been diagnosed with early-stage breast cancer…Wiles plans to start treatment immediately while continuing her full duties at the White House

• The BBC filed a motion to dismiss President Trump's $10 billion defamation lawsuit, arguing the 2024 Panorama documentary aired only in the UK with no U.S. jurisdiction or proven harm

• Pope Leo XIV, the first U.S.-born pontiff and a Villanova University alumnus, will receive the National Constitution Center's 38th annual Liberty Medal on July 3rd, during Philadelphia's America 250th anniversary celebrations on Independence Mall

• About 3,800 unionized workers at the JBS-owned Swift Beef meatpacking plant in Greeley, Colorado, went on strike today alleging unsafe conditions, unfair labor practices, and inadequate wage and benefit offers during contract talks

• Apple has unveiled the AirPods Max 2, a $549 refresh of its premium over-ear headphones that adds the H2 chip, significantly improved noise cancellation and transparency, live translation, and voice isolation…they will be available for preorder on March 25th

• Meta Platforms has signed a five-year agreement worth up to $27 billion with Dutch AI cloud provider Nebius (NBIS) for dedicated AI infrastructure capacity

• OpenAI is in talks with private equity firms like TPG, Bain Capital, Advent International, and Brookfield Asset Management to form a $10 billion joint venture focused on distributing its enterprise AI tools across their portfolio companies

• The SEC is preparing a proposal to eliminate mandatory quarterly financial reporting for public companies and give them an option to share semi-annual reports

• S&P up 1.01% / Nasdaq up 1.22% / DOW up .83%

• Mojtaba Khamenei, Iran’s new Supreme Leader, narrowly escaped death during U.S.-Israeli missile strikes on his Tehran residence on February 28th as he had stepped outside moments before the attack…the strikes killed his father, former Supreme Leader Ali Khamenei, several top Iranian officials, his wife, and son

• Cuba's national electric grid has fully collapsed, leaving the entire island without power due to a failure at the critical Antonio Guiteras thermoelectric plant amid ongoing fuel shortages and aging infrastructure…the collapse has triggered up to 20-hour blackouts, suspended flights, and halted essential services like water and refrigeration

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