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Nbc news reported late this afternoon that purduea pha is offering between 10 and 12 billion to settle mor than 2,000 lawsuits connected to its role in the crisis. Purdue pharma, you may know, is the maker of oxycontin, the powerful pain killer that has been at the center of the opioid epidemic. The reportede offer to set come one day after a landmark ruling against j j which, as we reported last night, was ordered to pay half a big tettle lies dolla half a bil dollars to the sf oklahoma for helping to ignite one of the biggest epidemics in his. Ylan moiy has the details from reporter Purdue Pharma and the family are negotiating to settle the lawsuit between them. About 2,000 cases were consolidated cn federrt in ohio, accusing the company of starting and susining the ioid crisis. Nbc reports purdue has proposed fili bankruptcy and restructuring into a forprofit trust. That trust would p out between 8 and 8 billion, including about ....
Want to call it, it has aheived for market. Investors are looking for clarity on two major issues Interest Rates and trad thisweek, the Federal Reserve policymakers meet to decide whether t now is time to lower the benchmark rate. Most say it is not, but some say it is. The market wants a rate cut. Some economists argue its not necessary. If a rate cut doesnt come at this weeks meeting, investors will be looking for clues as to when it will, given the escalating geopolitical and trade nsions, as well as slowing global growth. And with that as a backop investors were in waitandsee mode today. The dow jes industrial average rose 22 points to 26,112. The nasdaq added 48. And the s p 500 was uptwo. Bob pisani starts us off tonight from the new york stock exchange. Stocks are off toui a start so far, but theres no shortage of marketmoving catalysts to comen the week ahead. Thats ....
With the key players who will have to take the president s concept and mix it with whatever the Republican Leadership on capitol hill has in mind and come up with the legislation. Tomorrow well get that broad kind of outline. Who are they meeting with right now . Kevin brady, orrin hatch, paul ryan, and senate reader Mitch Mcconnell because there is not a total unified front. One of the issues thats a problem for both sides is the president wants what he calls a massive tax break for le class americans and business taxes, a Corporate Tax rate of 15 . That some republicans worry would contribute to greater deficits and greater debt for the whole country. Wait until tomorrow, you can see the plan. But obviously we have to do everything we can to get Economic Growt ....