Photo: Justin Sullivan/Getty Images.

Yahoo has agreed to pay $50 million in damages as well as provide two years of free credit-monitoring services to the 200 million people whose email addresses and other personal information were stolen in a security breach, per the Associated Press.

Why it matters: The settlement stems from a two-year-old lawsuit seeking accountability for information that was stolen in 2012 and 2014, but wasn’t disclosed until 2016, in the biggest security breach in history. (Facebook's breach this year was 50 million.)

The details: Because Verizon Communications bought Yahoo's digital services after the breach, Verizon will pay for half of the settlement cost.

  • The other half will be paid by Altaba Inc., a company that was set up to hold Yahoo’s investments in Asian companies and other assets after the sale.
  • Altaba already paid a $35 million fine to the Securities and Exchange Commission for Yahoo’s delay in disclosing the breach to investors, per AP.

Go deeper:

Go deeper

Florida fully lifts coronavirus restrictions on restaurants

Photo: Don Juan Moore/Getty Images

Florida Gov. Ron DeSantis (R) announced Friday the state will completely reopen its economy, allowing restaurants at operate full capacity and barring localities from ordering businesses to close.

Why it matters: The state became one of the world's epicenters for the virus in July, forcing DeSantis to pause its first round of reopening.

2 hours ago - Economy & Business

Eyeing the end of gas-powered cars

Illustration: Eniola Odetunde/Axios

Gasoline-powered cars may be going the way of the woolly mammoth, even if it will take decades to replace them and seems hard to fathom today.

The big picture: Internal combustion engines (ICEs) have powered automobiles for more than 100 years. But the shift to electric vehicles, slow to materialize at first, is now accelerating due to tightening government policies, falling costs and a societal reckoning about climate change.

Virginia Gov. Ralph Northam tests positive for coronavirus

Photo: Zach Gibson/Getty Images

Virginia Gov. Ralph Northam (D) and his wife, Pamela, both tested positive for coronavirus, his office announced on Friday.

The state of play: The Northams were tested after one of their staff "who works closely within the couple's living quarters" tested positive. The governor is asymptomatic, while his wife is "experiencing mild symptoms." They plan to isolate at home for 10 days.

Get Axios AM in your inbox

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Subscription failed
Thank you for subscribing!