AP Top Business News at 1:30 p.m. EDT

Meta reaches $17 billion settlement with states in landmark trial over teen social media addictionMeta joins a list of corporations that have settled cases for billions of dollarsKey inflation gauge remains elevated during Iran conflict and ongoing US trade fightsThe US and Canada could pull back from an all-out trade war. It's not clear that they willUS stocks drift lower while bonds yields rise following the latest update on inflationUS economy expanded at sluggish 1.5% pace in second quarter, on par with earlier estimateA robot sprinter shatters a 100-meter record again as sparks fly at China’s robot competitionDubai airport reports sharp drop in second quarter traffic due to Iran war's effectsIran warns of military ship ban in Hormuz under potential deal with Oman, and other Middle Eas