3 Major Drug Distributors Reportedly Negotiating $18B Opioid Settlement
* Stories are summarized by an A.I.
* Companies mentioned: CAH, AMZN, NS, MSFT, GOOG, and ROKU
3 Major Drug Distributors Reportedly Negotiating $18B Opioid Settlement
CAH (Cardinal Health Inc.) | NPR
Three major U.S. drug distributing companies are negotiating a multibillion-dollar settlement to end numerous lawsuits filed by state and local governments seeking compensation for costs associated with the opioid crisis. The drug distributors — Amerisource Bergen, McKesson and Cardinal Health — could pay as much as $18 billion over 18 years, according to The Wall Street Journal, which first reported the discussions. As North Country Public Radio's Brian Mann reported,"A source tells NPR the drug distributors Amerisource Bergen and McKesson have reached a tentative settlement with at least some state attorneys general, as has the drugmaker Teva. In August, Balkman ruled that drugmaker Johnson and Johnson should pay $572 million for contributing to Oklahoma's opioid crisis after the state sued for $17 billion. But it's unclear how much Johnson & Johnson will ultimately have to pay Oklahoma — the judge will rule on other legal objections to his verdict at a later date."
Read More
Andrew Yang turns question on Trump impeachment into a slam against Amazon for hurting retailers
AMZN (Amazon.com Inc.) | CNBC
Andrew Yang, whose longshot Democratic campaign has made surprising inroads into the race for the White House, flipped a debate question about the impeachment inquiry into President Donald Trump's to a slam on Amazon. Yang said he supports impeachment, but then he quickly pivoted his focus. "We're standing in the great state of Ohio the ultimate purple state, the ultimate bellwether state. A number of retailers across the country have been downsizing their footprint as shoppers abandon the mall and head online. "Amazon alone is closing 30% of America's stores and malls, soaking up $20 billion in business while paying zero in taxes."
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Fire breaks out at San Francisco area NuStar storage facility
NS (Nustar Energy L.P.) | Reuters
Smoke billows from fire buring in two tanks at a NuStar oil storage facility in Contra Costa County, California, U.S. October 15, 2019, in this still image obtained from a social media video. A fire broke out Tuesday in two tanks at a NuStar oil and refined products storage facility in Crockett, California, the company said.
Read More
Microsoft and SilverCloud collaboration to leverage AI for mental health
MSFT (Microsoft Corporation) | Medcity News
The treatment of mental health conditions appears to have received a boost with a recently announced research collaboration between digital mental health company SilverCloud Health and Microsoft Research. SilverCloud’s digital mental health platform is globally deployed in routine clinical care providing coverage to 65 million people, Cahill noted. He added that the goal of the AI collaboration with Microsoft is to provide personalized mental health care which will hopfeully improve mental healthcare outcomes globally. In a given year, around one in five adults in the U.S. — or 18.5 percent — experiences mental illness, according to the National Alliance of Mental Health. Against this backdrop, there are several digital health efforts being addressed toward mental health, among which is the Microsoft-SilverCloud collaboration.
Read More
Google, Reddit defend tech legal protections ahead of Congress hearing
GOOG (Alphabet Inc.) | Reuters
A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc’s Google unit and social media site Reddit Inc said in testimony released on Tuesday.
Read More
Roku stock jumps 10% as company adds Apple TV app
ROKU (Roku Inc.) | CNBC
Shares of Roku jumped more than 10% on Tuesday after the company announced that the Apple TV app is now available on its platform. Roku users are now able to access the app through the Roku Channel Store, allowing customers to subscribe directly to Apple TV channels using their Apple ID and password, according to a release sent Tuesday morning. This news comes ahead of the Nov. 1 launch of Apple's new streaming service, Apple TV+, which Roku users will be able to subscribe to within the Apple TV app. "With the Apple TV app coming to Roku, our customers will enjoy an even broader range of exciting entertainment, including the highly anticipated Apple TV+ service," said Scott Rosenberg, Roku's senior vice president and general manager of platform business, in the release. Apple TV+ is currently priced lower than several competing stream platforms.
Read More
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* Companies mentioned: CAH, AMZN, NS, MSFT, GOOG, and ROKU
3 Major Drug Distributors Reportedly Negotiating $18B Opioid Settlement
CAH (Cardinal Health Inc.) | NPR
Three major U.S. drug distributing companies are negotiating a multibillion-dollar settlement to end numerous lawsuits filed by state and local governments seeking compensation for costs associated with the opioid crisis. The drug distributors — Amerisource Bergen, McKesson and Cardinal Health — could pay as much as $18 billion over 18 years, according to The Wall Street Journal, which first reported the discussions. As North Country Public Radio's Brian Mann reported,"A source tells NPR the drug distributors Amerisource Bergen and McKesson have reached a tentative settlement with at least some state attorneys general, as has the drugmaker Teva. In August, Balkman ruled that drugmaker Johnson and Johnson should pay $572 million for contributing to Oklahoma's opioid crisis after the state sued for $17 billion. But it's unclear how much Johnson & Johnson will ultimately have to pay Oklahoma — the judge will rule on other legal objections to his verdict at a later date."
Read More
Andrew Yang turns question on Trump impeachment into a slam against Amazon for hurting retailers
AMZN (Amazon.com Inc.) | CNBC
Andrew Yang, whose longshot Democratic campaign has made surprising inroads into the race for the White House, flipped a debate question about the impeachment inquiry into President Donald Trump's to a slam on Amazon. Yang said he supports impeachment, but then he quickly pivoted his focus. "We're standing in the great state of Ohio the ultimate purple state, the ultimate bellwether state. A number of retailers across the country have been downsizing their footprint as shoppers abandon the mall and head online. "Amazon alone is closing 30% of America's stores and malls, soaking up $20 billion in business while paying zero in taxes."
Read More
Fire breaks out at San Francisco area NuStar storage facility
NS (Nustar Energy L.P.) | Reuters
Smoke billows from fire buring in two tanks at a NuStar oil storage facility in Contra Costa County, California, U.S. October 15, 2019, in this still image obtained from a social media video. A fire broke out Tuesday in two tanks at a NuStar oil and refined products storage facility in Crockett, California, the company said.
Read More
Microsoft and SilverCloud collaboration to leverage AI for mental health
MSFT (Microsoft Corporation) | Medcity News
The treatment of mental health conditions appears to have received a boost with a recently announced research collaboration between digital mental health company SilverCloud Health and Microsoft Research. SilverCloud’s digital mental health platform is globally deployed in routine clinical care providing coverage to 65 million people, Cahill noted. He added that the goal of the AI collaboration with Microsoft is to provide personalized mental health care which will hopfeully improve mental healthcare outcomes globally. In a given year, around one in five adults in the U.S. — or 18.5 percent — experiences mental illness, according to the National Alliance of Mental Health. Against this backdrop, there are several digital health efforts being addressed toward mental health, among which is the Microsoft-SilverCloud collaboration.
Read More
Google, Reddit defend tech legal protections ahead of Congress hearing
GOOG (Alphabet Inc.) | Reuters
A 23-year-old law giving technology companies legal protection from lawsuits over user-generated content remains critical to the internet’s future, Alphabet Inc’s Google unit and social media site Reddit Inc said in testimony released on Tuesday.
Read More
Roku stock jumps 10% as company adds Apple TV app
ROKU (Roku Inc.) | CNBC
Shares of Roku jumped more than 10% on Tuesday after the company announced that the Apple TV app is now available on its platform. Roku users are now able to access the app through the Roku Channel Store, allowing customers to subscribe directly to Apple TV channels using their Apple ID and password, according to a release sent Tuesday morning. This news comes ahead of the Nov. 1 launch of Apple's new streaming service, Apple TV+, which Roku users will be able to subscribe to within the Apple TV app. "With the Apple TV app coming to Roku, our customers will enjoy an even broader range of exciting entertainment, including the highly anticipated Apple TV+ service," said Scott Rosenberg, Roku's senior vice president and general manager of platform business, in the release. Apple TV+ is currently priced lower than several competing stream platforms.
Read More
Download Folo, add stock symbols to your watchlist, and get notified.
When you look up U.S or China stock symbols and add them to Watchlist, Folo, an A.I. based news curator will keep you updated with stock news from 270 sources.
Download on the App Store
http://folo.moya.ai
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