Latest Opioids News

Committee pitches concept to settle all opioid lawsuits

Oct. 21, 2019 2:48 AM EDT

A committee guiding OxyContin maker Purdue Pharma's bankruptcy has suggested other drugmakers, distributors and pharmacy chains use Purdue's bankruptcy proceedings to settle more than 2,000 lawsuits seeking to hold the drug industry accountable for the national opioid crisis. The committee of unsecured creditors...

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...

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...