Awesome dude… i have an iphone 8 and i plan to buy iphone 16 pro max nxt year… but sadly i have 0 dollars with me to buy it… but i hope i would buy it someday… anyways congrats on your new iPhone…

That’s your work profile. After IOS15 apple introduced profiles to manage your phone. That symbol indicates that with profile is on and certain apps, Home Screen, notifications may be hidden from your knowledge. You can turn it off, or change it in settings >profile

Seems your watch needs a 69