 | | | | Four large drug companies could resume talks on Tuesday to try to reach a $48 billion settlement of all opioid litigation against them, after agreeing with two Ohio counties to a $260 million deal to avert the first federal trial over their role in the U.S. opioid epidemic. | | | | | | A wildfire raced up a steep hillside to threaten scores of homes in the Los Angeles coastal enclave of Pacific Palisades on Monday, prompting evacuations as water-dropping helicopters and firefighters swarmed the area to battle the flames. | | | | | | School classes will be called off for a fourth day in Chicago after the city and striking teachers in the third-largest U.S. school system failed to settle a contract dispute over issues such as class size and staffing. | | | | | | October has been a rough month for short sellers betting against companies at the heart of the opioid crisis, although those traders still have paper profits of almost $600 million for the year, according to data from financial analytics firm S3 Partners. | | | | | | San Jose, California's third-biggest city, is proposing to convert PG&E Corp into the country's largest customer-owned utility, the Wall Street Journal reported on Monday, citing the city's mayor. | | | | | | A Massachusetts judge on Monday declined to immediately halt a ban on the sale of vaping products adopted after an outbreak of e-cigarette-related lung injuries, but he said the state must redo the ban and get public comment this time. | | | | | | On Monday, two Ohio counties reached a last-minute settlement with four companies they accused of fueling the nationwide opioid epidemic. The counties were seeking billions of dollars to cover the cost of addiction treatment programs, healthcare and other services. | | | | | | Opioid deaths in the United States have soared over the last two decades, driving a wave of litigation against drugmakers and distributors. | | | | | | Four wealthy parents including the former chief executives of bond manager Pimco and specialty finance lender Hercules Capital Inc pleaded guilty on Monday to participating in a vast U.S. college admissions cheating and fraud scheme. | | | | | | U.S. President Donald Trump said on Monday that being president has cost him between $2 billion and $5 billion that he would have made if he had continued running his business instead of getting into politics, a claim unsupported by evidence. | | | | | |
