Photo: Ethan Miller/Getty Images

MGM Resorts International has agreed to pay between $735 million and $800 million to the families of the 58 victims who died and hundreds more who were injured when a gunman targeted a concert in Las Vegas in 2017, reports AP.

Why it matters: "It's a major step to resolve hundreds of lawsuits in multiple states that seek compensation for a range of physical and psychological injuries from the deadliest mass shooting in modern history," writes AP. The settlement seeks to clear up claims that MGM was negligent by permitting the attacker to stash assault-style weapons and ammunition at Mandalay Bay hotel, an MGM-owned property.

What they're saying:

  • MGM initially had an "aggressive" reaction to the suit, and tried to block the victims and families from recovering money, reports the New York Times.
  • The victims claim the hotel failed to protect 22,000 people at the concert venue from the shooter, reports AP.

What's next: The settlement amount "depends on the number of plaintiffs who take part," according to a statement from Las Vegas law firm Eglet Adams, AP notes. The settlement process is anticipated to conclude by late next year.

Go deeper: The deadliest mass shootings in modern U.S. history

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 6:30 a.m. ET: 30,199,007 — Total deaths: 946,490— Total recoveries: 20,544, 967Map
  2. U.S.: Total confirmed cases as of 6:30 a.m. ET: 6,675,593 — Total deaths: 197,644 — Total recoveries: 2,540,334 — Total tests: 90,710,730Map
  3. Politics: Former Pence aide says she plans to vote for Joe Biden, accusing Trump of costing lives in his coronavirus response.
  4. Health: Pew: 49% of Americans wouldn't get COVID-19 vaccine if available today Pandemic may cause cancer uptick The risks of moving too fast on a vaccine — COVID-19 racial disparities extend to health coverage losses.
  5. Business: Retail sales return to pre-coronavirus trend.
Mike Allen, author of AM
2 hours ago - Politics & Policy

Scoop: Mike Bloomberg's anti-chaos theory

CNN's Anderson Cooper questions Joe Biden last night at a drive-in town hall in Moosic, Pa., outside Scranton. Photo: CNN

Mike Bloomberg's $100 million Florida blitz begins today and will continue "wall to wall" in all 10 TV markets through Election Day, advisers tell me.

Why it matters: Bloomberg thinks that Joe Biden putting away Florida is the most feasible way to head off the national chaos we could have if the outcome of Trump v. Biden remained uncertain long after Election Day.

Biden's hardline Russia reset

Photo Illustration: Eniola Odetunde/Axios. Getty Images photos: Mark Reinstein

When he talks about Russia, Joe Biden has sounded like Ronald Reagan all summer, setting up a potential Day 1 confrontation with Russian President Vladimir Putin if Biden were to win.

Why it matters: Biden has promised a forceful response against Russia for both election interference and alleged bounty payments to target American troops in Afghanistan. But being tougher than President Trump could be the easy part. The risk is overdoing it and making diplomacy impossible.