Good Thursday morning. Overnight: Jeffrey Epstein was reportedly put on suicide watch yesterday after he found in his New York jail cell yesterday with injuries to his neck. (Was this email forwarded to you? Sign up here.)

Government oversight is now a fact of life for Silicon Valley

Technology giants must deal with increased scrutiny by regulators and lawmakers as the cost of doing business, as yesterday showed:

• Facebook agreed to pay $5 billion to settle F.T.C. charges that it mishandled users’ personal data, and was ordered to create a new committee on its board to oversee consumer privacy matters.

• The S.E.C. imposed a $100 million fine on Facebook for improperly disclosing to investors the risks of user data abuse.

• The company also disclosed that the F.T.C. is formally investigating it for potential antitrust violations.