Business

Opioid Dealer Purdue To Pay $12B, Declare Bankruptcy

The Associated Press reports: Attorneys for some 2,000 local governments say they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation’s opioid crisis. Attorney Paul Farrell said in a text message Wednesday that they have agreed to a deal that has been on the table for several weeks. Sources with direct knowledge …

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Grocery Giant Publix Is Latest To Ban Open Carry

The Tampa Bay Times reports: Publix is joining the growing list of stores requesting that customers not openly carry guns in states where it is legal to do so. “Publix respectfully requests that only law enforcement officials openly carry firearms in our stores,” Publix said in a statement to ABC affiliate WPLG . Although Florida is not an open-carry state, …

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Texas Leads Multi-State Anti-Trust Probe Into Google

CNBC reports: Fifty attorneys general are joining an investigation into Google over possible antitrust violations, Texas Attorney General Ken Paxton, the initiative’s leader, announced Monday. The news confirms reports last week about the bipartisan investigation into Google’s practices. The bipartisan probe includes attorneys general from 48 states, the District of Columbia and Puerto Rico. California and Alabama are not involved …

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Bank Creates Market Index Based On Trump’s Tweets

CNBC reports: Donald Trump is tweeting more and it’s affecting the bond market. In fact, the president’s market-moving tweets ballooned in August as he hammered China on trade and went after the Federal Reserve on interest rates. In an attempt to quantify the impact of Trump’s tweets on the bond market, J.P. Morgan devised a “Volfefe Index” to analyze how …

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Winning: US Exports To China Plummet Another 22%

Axios reports: Imports of American products to China dropped to $10.3 billion in August, down 22% from the same month last year. Chinese exports to the U.S. also plummeted to $44.4 billion in August, down 16%. China’s trade surplus with the U.S. shrunk to $31.3 billion in August, down $27 billion from a year prior. Both sides of the escalating …

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New York Leads Multi-State Facebook Anti-Trust Probe

CNBC reports: New York State Attorney General Letitia James announced Friday she is launching a multi-state investigation into Facebook for possible antitrust violations. Facebook shares were down about 0.5% in Friday’s premarket, but did not seem to react to James’ announcement. Attorneys general of Colorado, Florida, Iowa, Nebraska, North Carolina, Ohio, Tennessee and the District of Columbia will join the …

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CVS And Wegmans Join Retail Ban On Open Carry

CNN reports: Five retailers have announced this week that they will start asking customers not to openly carry guns into their stores in states where open carry is legal. The moves represent a major shift in the way retailers are positioning themselves in the gun debate. Walgreens, CVS, and Wegmans announced the new policy Thursday afternoon, following announcements from Walmart …

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Trump Seeks To Privatize Fannie Mae And Freddie Mac

The Washington Post reports: The Trump administration released a sweeping plan Thursday that could remake the U.S. housing market, starting with ending more than a decade of government control of two massive companies, Fannie Mae and Freddie Mac, that back half of the nation’s mortgages. The long-awaited plan from the Treasury Department features nearly 50 proposals, including many technical changes …

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Walgreens Joins Other Retailers In Ending Open Carry

The Associated Press reports: Walgreens has changed its policy to prohibit the open carrying of firearms. Walgreens announced a statement Thursday on its website, saying: “We are joining other retailers in asking our customers to no longer openly carry firearms into our stores other than authorized law enforcement officials.” On Tuesday, Walmart said it will request that customers no longer …

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FTC Fines Google $170M For Collecting Data On Kids

CNBC reports: Google’s YouTube will pay $170 million to settle allegations by the Federal Trade Commission and the New York attorney general that it earned millions by illegally collecting personal information from children without their parents’ consent. The settlement, announced Wednesday, was passed in a 3-2 vote by the commissioners along party lines. The two Democrats voted against it, saying …

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Kroger Mirrors Walmart Move: No More Open Carry

Reuters reports: U.S. grocer Kroger has begun asking customers to stop openly carrying firearms in stores, a change in policy, a spokeswoman said on Tuesday. Kroger previously had followed local and state laws on the matter, she said. “Kroger is respectfully asking that customers no longer openly carry firearms into our stores, other than authorized law enforcement officers,” Jessica Adelman, …

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Walmart To Stop Selling Ammo For Assault Rifles And Handguns, Will No Longer Allow Open Carry In Stores

The New York Times reports: In response to the shooting in its El Paso store last month that killed 22 people, Walmart said Tuesday that it would stop selling certain types of ammunition that are commonly used by hunters but can also be used in military assault rifles. The nation’s largest retailer made the announcement after weeks of discussion about …

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Corn Farmers: Trump Has “Slapped Us In The Face”

Via press release from a corn farming advocacy group: As harvest approaches after an extremely difficult year for agriculture, many Nebraska corn farmers are outraged by the Trump administration’s lack of support for the American farmer. President Trump’s administration continues to erode the Renewable Fuel Standards by granting 31 unjustified refinery waivers, destroying demand for corn and ultimately choosing to …

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Airlines Waive Change Fees As Dorian Approaches

USA Today reports: As Hurricane Dorian gained momentum on its path to Florida on Thursday, the state’s governor, Ron DeSantis, declared a state of emergency for 26 counties, leading airlines, cruise lines and members of the hospitality community in the state to issue waivers for travelers who need to reschedule or cancel trips. The National Hurricane Center predicted that Hurricane …

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Marriott Joins Move To Eliminate Small Plastic Bottles

The Associated Press reports: It could be lights out for tiny toiletries. Marriott International, the world’s largest hotel chain, said Wednesday it will eliminate small plastic bottles of shampoo, conditioner and bath gel from its hotel rooms worldwide by December 2020. They’ll be replaced with larger bottles or wall-mounted dispensers, depending on the hotel. The move follows a similar announcement …

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Johnson & Johnson Hit With $572M Opioid Judgment

NBC News reports: Johnson & Johnson must pay over $572 million for its role in the Oklahoma opioid epidemic that officials claim led to more than 6,000 deaths in the state over nearly two decades, a judge ruled Monday. Oklahoma Attorney General Mike Hunter claimed in court that Johnson & Johnson (J&J) and its pharmaceutical subsidiary, Janssen, marketed opioids to …

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Beyond Meat: KFC To Test Vegan Fried “Chicken”

CNBC reports: Colonel Sanders will soon be serving vegan fried chicken to see if customers think it’s finger lickin’ good. KFC will start testing plant-based fried chicken from Beyond Meat in an Atlanta restaurant on Tuesday. The test makes the Yum Brands subsidiary the first national U.S. fast-food chain to introduce a Beyond chicken item, beating Popeyes and Chick-fil-A. The …

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Former Overstock CEO Rants And Sobs In Wild Fox News Interview, Claims Anti-Trump Conspiracy [VIDEO]

Mediaite reports: Patrick Byrne stepped down from online retailer Overstock.com earlier Thursday after making an explosive claim: that he had a sexual relationship with Russian spy Maria Butina, at the encouragement of the FBI. Hours after his resignation, he appeared on Fox Business for a wild interview in which he grew increasingly emotional, at times bursting into tears, which culminated …

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Overstock CEO Resigns After Wild Claims Tank Stock, Said He Worked To Thwart “Deep State” And Clintons

NBC News reports: Overstock CEO Partick Byrne has resigned from the e-commerce company after making controversial comments about his role in the “deep state.” Byrne, who founded Overstock 20 years ago, has been in hot water since he responded to claims of his involvement in the federal government’s investigation into the 2016 election. The announcement sent Overstock’s shares tumbling more …

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US Manufacturing Contracts For First Time In Decade

CNBC reports: U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown. The U.S. manufacturing PMI (purchasing managers’ index) was 49.9 in August, down from 50.4 in July and below the neutral 50.0 threshold for the first time since September 2009, according to …

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