Latest Opioids News

Opioid industry presses for settlement as trial looms

Oct. 17, 2019 1:07 AM EDT

CLEVELAND (AP) — With a trial looming, major drug distributors and manufacturers are pressing to settle thousands of claims against them related to the nation's persistent opioid crisis. The companies are negotiating with state attorneys general as jury selection is expected to wrap up on Thursday in the...

Asian shares mixed on caution over China-US trade deal

Oct. 17, 2019 1:01 AM EDT

BANGKOK (AP) — Asian shares were mixed Thursday after officials signaled work remains to be done on an agreement for a truce in the tariff war between the U.S. and China. Hong Kong led regional gains after its chief executive, Carrie Lam, announced help for the property sector. The semi-autonomous city's...

Opioid settlement talks broaden ahead of 1st federal trial

Oct. 16, 2019 9:41 PM EDT

CLEVELAND (AP) — Efforts to settle thousands of lawsuits related to the nation's opioid epidemic intensified Wednesday ahead of the scheduled start of arguments in the first federal trial over the crisis. A person with knowledge of the negotiations told The Associated Press that three major drug...

The Latest: Day 1 of opioid lawsuit jury selection concludes

Oct. 16, 2019 6:13 PM EDT

CLEVELAND (AP) — The Latest on jury selection in the first federal trial on the opioid crisis (all times local): 6:10 p.m. The first day of jury selection in a landmark federal opioid lawsuit in federal court in Cleveland has concluded. U.S. District Judge Dan Polster said both sides on Thursday will find...

How Canada's legalization is shaping cannabis laws elsewhere

Oct. 16, 2019 4:36 PM EDT

Ever since Canada became the first major country to legalize marijuana for adults a year ago, other nations have been paying attention. The small South American nation of Uruguay was the first to legalize marijuana for adults. New Zealand, Luxembourg and Mexico are among those that have looked to Canada for...

Markets Right Now: Stocks close mostly lower on Wall Street

Oct. 16, 2019 4:12 PM EDT

NEW YORK (AP) — The latest on developments in financial markets (all times local): 4 p.m. Stocks are closing mostly lower on Wall Street as losses for technology and energy companies offset gains in other sectors. Salesforce.com slumped 3.8% Wednesday and Exxon Mobil gave up 1.7%. Homebuilders benefited...

Drug distributor shares spike on word of opioid settlement

Oct. 16, 2019 11:17 AM EDT

Shares of big drug distributors soared Wednesday on word of a potential settlement ahead of the first federal trial over the opioid crisis. Two people with knowledge of the negotiations, which have lasted months, confirmed to The Associated Press that McKesson Corp., AmerisourceBergen Corp., and Cardinal Health,...

The Latest: Bush-DeGeneres friendship prompts final question

Oct. 15, 2019 11:22 PM EDT

WESTERVILLE, Ohio (AP) — The Latest on the fourth Democratic presidential debate (all times local): 11:15 p.m. The final question at the fourth Democratic presidential debate challenged candidates to share examples of surprising friendships they've had and how it's affected them. The question on Tuesday...

Oklahoma regent resigns over role representing drug maker

Oct. 15, 2019 6:42 PM EDT

OKLAHOMA CITY (AP) — A member of the board that oversees Oklahoma's 25 state colleges and universities is stepping down after facing criticism over his role representing drugmaker Johnson & Johnson in its legal fight with the state over the opioid crisis. Attorney Andrew Lester announced his...

New study: Opioid crisis cost US economy $631B over 4 years

Oct. 15, 2019 5:56 PM EDT

The opioid crisis cost the U.S. economy $631 billion from 2015 through last year — and it may keep getting more expensive, according to a study released Tuesday by the Society of Actuaries. The biggest driver of the cost over the four-year period is unrealized lifetime earnings of those who died from the...