Screenshot via NBC News

The Washington Post settled a lawsuit this week brought by the parents of a teenager who claimed news coverage of an encounter with a Native American activist at the Lincoln Memorial last year was "defamatory," The Post's Paul Farhi reports.

The state of play: "The Post admitted no wrongdoing in settling with the family of Nicholas Sandmann, the Covington, Ky., high school student who was involved in the episode during a school trip to Washington in January 2019."

  • Suits against other news organizations are pending.
  • "The Sandmanns settled a similar lawsuit against CNN in January."
Via Twitter

Go deeper: Nathan Phillips says he forgives Nick Sandmann

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How 2,750 tons of ammonium nitrate were stranded in Beirut

The port after the explosion. Photo: AFP via Getty Images

On Sep. 23, 2013, a Russian-owned, Moldovan-flagged ship departed Georgia en route to Mozambique bearing 2,750 tons of ammonium nitrate, a material used in fertilizer as well as explosives.

Why it matters: The Rhosus made an unscheduled stop in Beirut, apparently due to engine problems. The ammonium nitrate never left the port, but destroyed it nearly seven years later, along with much of the city.

Pelosi rips GOP: "Perhaps you mistook them for somebody who gives a damn"

House Speaker Nancy Pelosi tore into her Republican colleagues on Thursday for their approach to negotiating the next coronavirus stimulus package, telling CNBC's Jim Cramer: "Perhaps you mistook them for somebody who gives a damn."

Why it matters: Democrats and the Trump administration have not agreed to any "top-line numbers" and remain "trillions of dollars apart," White House chief of staff Mark Meadows told reporters on Thursday.

The new buyout barons

Illustration: Eniola Odetunde/Axios

Last month I wrote that SPACs are the new IPOs. But I may have understated it, because SPACs are also becoming the new private equity.

By the numbers: Short for "special purpose acquisition company," SPACs have raised $24 billion so far in 2020, with a loaded pipeline of upcoming offerings. U.S. buyout firms raised nearly $102 billion through the end of June — a much larger amount, but not so much larger that the two can't play on the same field.