Morning, internet.

Edition 58 · Wednesday, October 14, 2026

Here's what happened.

Bank of America fined $1.2bn for money laundering failures

Bank of America was fined $1.21 billion by U.S. regulators for widespread failures to detect and report potential money laundering. The Treasury Department said the bank failed to report more than $5 billion in suspicious activity, including $1 billion involving national-security and other priority illicit-finance risks; the penalty is expected to hurt third-quarter earnings.

Shopify opens its catalog up to more AI agents

Shopify is expanding access to its catalog so more AI agents can browse and purchase products. The company said shoppers will be able to configure agents to buy on their behalf, with access to more than a billion listings.

STAT+: Many patient, consumer reps on FDA advisory panels have ties to groups funded by pharma, analysis finds

An analysis found that nearly 40% of FDA advisory committee meetings over a 20-year period included a patient or consumer representative with active ties to an advocacy group funded by pharmaceutical companies. The findings raise questions about potential conflicts of interest in the agency’s advisory process.

US inflation rose to 3.7% in September, figures show

U.S. inflation rose to an annual rate of 3.7% in September, according to the Bureau of Labor Statistics. The report is the final inflation reading before the midterm elections and comes as polls show widespread dissatisfaction with the cost of living under the Trump administration.

Universal childcare is set to be a 2028 presidential test

Democratic Rep. Ro Khanna has introduced the Free Child Care for America Act, an $80 billion-a-year proposal to make childcare free for nearly every family with children under six. The bill would allow families to choose daycare or have a relative, friend or neighbor paid for care, making universal childcare a potential 2028 presidential issue.

Miami’s Little Havana confronts housing density’s double edge

A Miami plan would allow up to 150 housing units per acre and buildings as tall as eight stories in Little Havana. Design rules and state review could extend the timeline, as the neighborhood confronts the trade-offs of greater housing density.