Alexa Flash Briefings

Afternoon Alexa Flash Briefings of May16th

This is your Daily News briefing from Cheddar News Wells Fargo and Co has agreed to pay $1 billion to settle a class action lawsuit in which the bank was accused of defrauding shareholders. The lawsuit alleged that the bank made misleading statements about its compliance with federal consent orders after a 2016 scandal involving fake customer accounts is recalling 219,000, Jeep suvs citing fire risk and warning users to keep cars outside until repairs are made. The issue is with the electric short and the power lift gate module. And 2014 to 2016, Jeep Cherokees and Taco Bell filed a petition with the US patent and trademark office to cancel the Taco Tuesday trademark that's been owned by the fast food chain Taco Johns for the past 34 years. Taco Bell says that in the filing, nobody should have exclusive rights in a common. And that's your chet news update. I'm Shannon Lanier in New York.