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Business

Purdue Pharma settles lawsuits

Members of the family who own OxyContin maker Purdue Pharma, and the company itself, agreed to pay up to $7.4 billion in a new settlement to lawsuits over the toll of the powerful prescription painkiller, the attorneys general from several states announced Thursday. The deal, agreed to by ...

Ozempic, Wegovy among 15 drugs selected for Medicare’s price negotiations

WASHINGTON (AP) — Popular weight loss and diabetes drugs like Ozempic and Wegovy have been added to Medicare's list of medications that will be negotiated directly between the government and drug manufacturers, the Biden administration said Friday. The price negotiations for the additional ...

TikTok’s fate left to Trump

WASHINGTON (AP) — President Joe Biden won't enforce a ban on the social media app TikTok that is set to take effect a day before he leaves office on Monday, a U.S. official said Thursday, leaving its fate in the hands of President-elect Donald Trump. Congress last year, in a law signed by ...

Wall Street rips higher after inflation data and strong bank profits

NEW YORK (AP) — U.S. stocks ripped higher Wednesday following a shot of adrenaline from an encouraging update on U.S. inflation. Strong profit reports from Wells Fargo and other big U.S. banks also helped launch indexes to their best day in two months. The S&P 500 jumped 1.8%. The Dow ...