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28 July 2021
18:17 hour

The Wall Street Journal: States announce $26 billion settlement to resolve opioid lawsuits

Market Watch

21/07/2021 - 22:57

States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to address an epidemic in painkiller addiction that hasn’t abated.


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  1. The Wall Street Journal: States, drug industry set to approve $26 billion opioid settlement this week (20/07/2021 - Market Watch)
    Thousands of opioid-crisis lawsuits filed against major drug makers and distributors are nearing a conclusion, with the outlines of a $26 billion deal between states and four companies expected to be announced this week and a $1 billion settlement to resolve some of New York’s claims likely on Tuesday, people familiar with the matter said.
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  2. Class action lawsuits, help please. (01/06/2021 - Reddit Stocks)
    I have a position in Danimer Scientific. DNMR. A Wall Street Journal article came out calling the company out for making errors and fraudulent reports. Needless to say the stock price went down a lot.... Everyday there are new class action lawsuits being filed. Should I join one or do nothing. PS I am hyper aware of the risks of investing. Thanks for any and all information.   submitted by   /u/checkstuffout2020 [link]   [comments]
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  3. JNJ, drug distributors favored on Street as they near $26B opioid settlement with U.S. (20/07/2021 - Seeking Alpha)

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  4. The Wall Street Journal: Private equity group including Blackstone nears deal to buy Medline for over $30 billion (05/06/2021 - Market Watch)
    A group of private-equity firms including Blackstone Group Inc is nearing a deal to acquire Medline Industries Inc. that would value the medical-supply giant at more than $30 billion, in one of the largest leveraged buyouts since the financial crisis, the Wall Street Journal reported Saturday.
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  5. Big 3 U.S. drug distributors, J&J reach landmark $26 billion opioid settlement (21/07/2021 - Investing.com)

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  6. State AGs urge support for landmark $26 billion opioid settlement (21/07/2021 - Investing.com)

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  7. The Wall Street Journal: Reddit valued at $6 billion after new funding round (09/02/2021 - Market Watch)
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  8. The Wall Street Journal: Boy Scouts reach bankruptcy settlement with abuse-victims groups (02/07/2021 - Market Watch)
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  9. Why everyone must learn a lesson from McKinsey’s $600-mn settlement over American opioid crisis (10/02/2021 - Financial Express)
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  10. The Wall Street Journal: China’s Didi seeks to raise nearly $4 billion in IPO (25/06/2021 - Market Watch)
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  11. The Wall Street Journal: The Athletic ends merger talk with Axios and views New York Times as prospective partner (06/05/2021 - Market Watch)
    Sports-media outlet the Athletic is no longer in merger talks with news publisher Axios, people familiar with the situation reportedly have told the Wall Street Journal
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  12. : Sackler family banned — temporarily — from putting their name on buildings as part of $4.5 billion opioid settlement (09/07/2021 - Market Watch)
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  16. The Wall Street Journal: Many Boy Scouts survivors find little comfort as bankruptcy nears end (24/05/2021 - Market Watch)
    When the Boy Scouts of America filed for bankruptcy last year and asked alleged victims of childhood sexual abuse to step forward, roughly 84,000 did, with many hoping the legal proceeding would help usher a financial settlement—and some closure to their ordeals.
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  17. The Wall Street Journal: SEC says Tesla’s Elon Musk has twice violated court order with his tweets (01/06/2021 - Market Watch)
    Securities regulators told Tesla Inc. last year that Chief Executive Elon Musk’s use of Twitter had twice violated a court-ordered policy requiring his tweets to be preapproved by company lawyers, according to records obtained by The Wall Street Journal.
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  18. The Wall Street Journal: Trump Organization and finance chief Weisselberg expected to be charged with tax-related crimes this week: report (30/06/2021 - Market Watch)
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  19. U.S. is said to near $26B opioid settlement with drug distributors, J&J (20/07/2021 - Seeking Alpha)

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  20. The Wall Street Journal: U.S. to sanction Cuba over crackdown on protesters (22/07/2021 - Market Watch)
    The Biden administration is set to announce a range of new sanctions against Cuba as early as Thursday, according to a person familiar with the matter, charging that the government and its agents engaged in violence, repression and human rights violations against peaceful protesters.
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  21. The Wall Street Journal: Neighborhood networking app Nextdoor gets $4.3 billion valuation in SPAC deal (07/07/2021 - Market Watch)
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  22. The Wall Street Journal: Boy Scouts said to be nearing settlement with largest sex-abuse victims group (18/06/2021 - Market Watch)
    The Boy Scouts are close to agreeing on a victim-compensation framework with a coalition of victims’ law firms that represent the bulk of the 84,000 men who stepped forward to file claims over sexual abuse in scouting programs, the people familiar with the matter said.
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  23. The Wall Street Journal: Boy Scouts said to be nearing settlement with largest sex-abuse victims group (18/06/2021 - Market Watch)
    The Boy Scouts are close to agreeing on a victim-compensation framework with a coalition of victims’ law firms that represent the bulk of the 84,000 men who stepped forward to file claims over sexual abuse in scouting programs, the people familiar with the matter said.
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  24. Sacklers raise opioid settlement offer to $4.3b, Reuters says (11/03/2021 - Seeking Alpha)

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  25. Teva gains; company says close to opioid settlement (10/02/2021 - Seeking Alpha)

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  26. JNJ viewed favorably by analysts after opioid settlement with New York (28/06/2021 - Seeking Alpha)

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  27. Market Extra: Up in smoke: States are using tobacco settlement money to balance their budgets. Here’s why that matters (29/06/2021 - Market Watch)
    Nearly a quarter-century since states started getting annual payouts from a landmark big-tobacco settlement, states are using the funds to plug budget holes, rather than funding prevention or treatment programs.
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  28. Endo climbs after announcing $35 million opioid settlement in Tennessee (22/07/2021 - Seeking Alpha)

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  29. McKesson favored at Barclays despite highest payout in opioid settlement (23/07/2021 - Seeking Alpha)

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  30. The Wall Street Journal: Uber and Lyft will drive you to get your COVID-19 vaccine for free until July 4 (11/05/2021 - Market Watch)
    The White House will announce a new partnership with ride-sharing companies Uber Technologies Inc. and Lyft Inc. to make all rides to and from vaccination sites free until July 4, according to administration officials.
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    The publisher of the National Enquirer agreed to pay $187,500 as part of a settlement with the Federal Election Commission over a 2016 scheme to buy and suppress the story of a woman who alleged an affair with former President Donald Trump.
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  35. The Wall Street Journal: Top CEOs signal they won’t back down from defense of voting rights (11/04/2021 - Market Watch)
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  37. J&J to stop selling opioid meds as part of $230M settlement with New York (26/06/2021 - Seeking Alpha)

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  38. Judge rejects Bayer's plan to resolve future Roundup lawsuits (26/05/2021 - Seeking Alpha)

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  39. The Wall Street Journal: Is the U.S. student loan program facing a $500 billion hole? One banker thinks so. (30/04/2021 - Market Watch)
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  40. The Wall Street Journal: Google to invest $7 billion in bet on post-pandemic office (19/03/2021 - Market Watch)
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  41. The Wall Street Journal: Google to invest $7 billion in bet on post-pandemic office (19/03/2021 - Market Watch)
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  42. The Wall Street Journal: Life expectancy in the U.S. in 2020 registered its biggest annual decline in generations (21/07/2021 - Market Watch)
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  43. The Wall Street Journal: Texas overcharged $16 billion for power during last month’s crisis, monitor says (05/03/2021 - Market Watch)
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  45. The Wall Street Journal: Microsoft agrees to nearly $22 billion deal to make AR headsets for U.S. Army (31/03/2021 - Market Watch)
    Microsoft Corp. has agreed to build custom augmented-reality headsets for the U.S. Army in a deal worth up to $21.9 billion, expanding the technology company’s role as a major government supplier.
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  46. Futures Movers: OPEC+ calls off output talks again Monday, leading crude oil prices to surge (05/07/2021 - Market Watch)
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  47. The Wall Street Journal: WeWork’s Adam Neumann close to settlement with SoftBank (23/02/2021 - Market Watch)
    WeWork co-founder and former Chief Executive Adam Neumann is in advanced talks to settle a high-profile legal fight with SoftBank Group Corp. by agreeing to a nearly $500 million cut in his payout from the shared-office-space company’s new owner, a move that would help clear the way for WeWork’s second attempt at a public listing.
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  48. The Wall Street Journal: The cryptocurrency dogecoin began as a joke, and now it’s worth more than Ford (20/04/2021 - Market Watch)
    A cryptocurrency that was created as a joke exploded into plain view on Wall Street on Monday, with a surge in dogecoin sending its 2021 return above 8,100% — more than double the gains on the S&P 500 SPX, including dividends, since 1988.
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  49. The Wall Street Journal: The cryptocurrency dogecoin began as a joke, and now it’s worth more than Ford (20/04/2021 - Market Watch)
    A cryptocurrency that was created as a joke exploded into plain view on Wall Street on Monday, with a surge in dogecoin sending its 2021 return above 8,100% — more than double the gains on the S&P 500 SPX, including dividends, since 1988.
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