Latest McKesson Corp News

Drugmakers, distributors facing federal opioid probe

Nov. 27, 2019 12:46 PM EST

At least a half-dozen companies that make or distribute prescription opioid painkillers are facing a federal criminal investigation over whether they violated federal law as they shipped more drugs amid the growing nationwide addiction and overdose crisis. The Wall Street Journal first reported the investigation...

New York judge sets opioid crisis trial for January

Nov. 7, 2019 12:22 PM EST

CENTRAL ISLIP, N.Y. (AP) — A New York judge on Wednesday scheduled what could be the second state-level trial in the U.S. on the toll of opioids. Judge Jerry Garguilo set a trial date of Jan. 20 for claims brought by the state attorney general and the Long Island counties of Nassau and Suffolk against a...

Asian stocks climb, lifted by upbeat talk on China-US trade

Oct. 22, 2019 12:54 AM EDT

BANGKOK (AP) — Shares are gaining in Asia after upbeat comments from President Donald Trump and other U.S. officials on the status of trade negotiations with China. The Kospi in South Korea led gains, jumping 1.3% to 2,090.88, thanks to gains in technology companies overnight on Wall Street. Australia's...

$260 million deal averts 1st federal trial on opioid crisis

Oct. 21, 2019 5:23 PM EDT

CLEVELAND (AP) — The nation's three biggest drug distributors and a major drugmaker agreed to an 11th-hour, $260 million settlement Monday over the terrible toll taken by opioids in two Ohio counties, averting the first federal trial over the crisis. The trial, involving Cleveland's Cuyahoga County and...

The Latest: National opioid settlement could be hard sell

Oct. 21, 2019 5:15 PM EDT

CLEVELAND (AP) — The Latest on a settlement in opioid lawsuits (all times local): 5:15 p.m. A group of state attorneys general is pushing officials from other state and local governments to accept a $48 billion deal to settle all the opioid-related lawsuits against two drugmakers and the three biggest...

Seattle Genetics and Coty rise while Boeing, McKesson fall

Oct. 21, 2019 4:30 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Monday. Boeing Co., down $12.94 to $331.06 The airplane maker could face further congressional scrutiny after its most recent revelation that it waited months to disclose troubling internal communications about its faulty 737 Max jet....

1st federal opioid crisis trial to focus on distribution

Oct. 21, 2019 12:35 AM EDT

CLEVELAND (AP) — The case is about the conduct of a group of companies in two Ohio counties, but far more than that is riding on the first federal trial on the opioid crisis, expected to open Monday in Cleveland. The counties are looking for money to help them fight and fix the epidemic, while families who...

Opioid negotiations fail to produce deal just before trial

Oct. 19, 2019 12:20 AM EDT

Negotiations aimed at reaching a major settlement in the nation's opioid litigation reached an impasse Friday. Key differences were between state attorneys general and lawyers representing local governments, rather than with the drugmakers and distributors they are suing. One of the negotiators, North Carolina...

Jury seated in opioid case, but settlement talks go on

Oct. 17, 2019 1:44 PM EDT

CLEVELAND (AP) — A jury was seated Thursday for the first federal trial on the opioid crisis, but the push to settle the case before opening arguments next week continued, with company officials expected to gather for further talks. U.S District Judge Dan Polster had ordered executives for the companies...

The Latest: Jury chosen for opioid trial, but talks continue

Oct. 17, 2019 1:16 PM EDT

CLEVELAND (AP) — The Latest on a federal trial over the toll of opioids (all times local): 1:15 p.m. A jury has been chosen for the first federal trial on the opioid crisis even as the push for a settlement intensifies with drug executives heading to Cleveland for further talks. A person with knowledge of...