St. Lucy's-St. Patrick's Church in Brooklyn, where some of the abuse by Angelo Serrano took place. Photo: Spencer Platt/Getty Images

The Diocese of Brooklyn, along with an after-school progam, reached a $27.5 million settlement this week with four sexual abuse victims, the New York Times reports.

Why it matters: The Times notes that this is "one of the largest settlements ever awarded to individual victims" from Church-related abuse allegations. The four victims, who will each receive more than $6 million of the total settlement, were between the ages of 8 and 12 when they claim they were abused by catechism teacher Angelo Serrano from 2003 to 2009.

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"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.

With new security law, China outlaws global activism

Illustration: Eniola Odetunde/Axios

The draconian security law that Beijing forced upon Hong Kong last week contains an article making it illegal for anyone in the world to promote democratic reform for Hong Kong.

Why it matters: China has long sought to crush organized dissent abroad through quiet threats and coercion. Now it has codified that practice into law — potentially forcing people and companies around the world to choose between speaking freely and ever stepping foot in Hong Kong again.