Ticker: TikTok was aware of risks kids face on its platform, lawsuit alleges

TikTok has been aware that its design features are detrimental to its young users and that publicly touted tools aimed at limiting kids’ time on the site were largely ineffective. That’s according to internal documents and communications exposed in lawsuit filed by the state of Kentucky.

The details are among redacted portions of Kentucky’s lawsuit that contains the company’s internal communications and documents unearthed during a more than two year investigation into the company by various states across the country. The redacted information was inadvertently revealed by Kentucky’s attorney general’s office and first reported by Kentucky Public Radio.

Beyond TikTok use among minors, the complaint alleges the short-form video sharing app has prioritized “beautiful people” on its platform and has noted internally that some of the content-moderation metrics it has publicized are “largely misleading.”

Wholesale inflation remained cool last month in latest sign that price pressures are slowing

Wholesale prices in the United States were unchanged last month in another sign that inflation is returning to something close to normal after years of pressuring America’s households in the wake of COVID-19. The producer price index — which tracks inflation before it hits consumers — didn’t move from August to September after rising 0.2% the month before. It rose 1.8% last month from a year earlier, down from a 1.9% year-over-year increase in August. Excluding food and energy prices, which tend to fluctuate from month to month, so-called core wholesale prices rose 0.2% from August and 2.8% from a year earlier, a tick higher than in the previous month.

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