21 States Reject $18 Billion Settlement with Opioid Wholesalers: Report




  • In Business
  • 2020-02-14 17:52:34Z
  • By National Review
21 States Reject $18 Billion Settlement with Opioid Wholesalers: Report
21 States Reject $18 Billion Settlement with Opioid Wholesalers: Report  
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Opioid companies say lawyers' fee demand threatens settlement talks
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  • 2020-02-27 18:21:40Z

Major distributors such as McKesson Corp and drugmakers including Teva Pharmaceutical Industries Ltd joined in the request that U.S. District Judge Dan Polster in Cleveland, Ohio, reject a request by a committee of plaintiffs' lawyers for a 7% fee assessed against any settlements. The request could amount to $3.3 billion, based on a $48 billion settlement proposal disclosed in October that five companies have been negotiating with various state attorneys general. The drug companies noted that the attorneys would receive more money from the settlement than even some of the states they represent.

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Fed's Kaplan says unclear right now if coronavirus calls for U.S. rate change - WSJ

Kaplan said when it comes to central-bank interest-rate policy and the coronavirus, "it's too soon to make a judgment about how it might relate to monetary policy," according to the report. "I still think we are a number of weeks away from being able to make the judgment" whether a rate change is required, the WSJ reported Kaplan as saying.

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Fed's Kaplan says unclear right now if coronavirus calls for U.S. rate change: WSJ
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  • 2020-02-25 23:19:24Z

Kaplan said when it comes to central-bank interest-rate policy and the coronavirus, "it's too soon to make a judgment about how it might relate to monetary policy," according to the report. "I still think we are a number of weeks away from being able to make the judgment" whether a rate change is required, the WSJ reported Kaplan as saying.

Asian shares try to stabilize as S&P futures bounce
Asian shares try to stabilize as S&P futures bounce
  • US
  • 2020-02-24 23:32:15Z

Asian share markets were trying to stabilize on Tuesday after a wave of early selling petered out and Wall Street futures managed a solid bounce, allowing investors to take a break from coronavirus fears. Some dealers cited a Wall Street Journal report on a possible vaccine as helping sentiment, though human tests of the drug might not start until the end of April. Whatever the cause, E-Mini futures for the S&P 500 bounced 1% to pare some of the steep 3.35% loss the cash index suffered overnight.

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