The Supreme Court paused the $6 billion opioid settlement on Aug.
10, CNN reports.
According to the Biden administration,
the "unprecedented" deal would grant the Sackler family, Purdue Pharma founders, protection against civil opioid-related claims. .
The Supreme Court will hear
case arguments in December.
The OxyContin manufacturer's case followed the reorganization in bankruptcy stemming from claims of its role in the opioid crisis.
.
CNN reports that the Sackler family
withdrew billions of dollars from
Purdue Pharma prior to bankruptcy filings.
.
The family will reportedly provide up to $6 billion toward the company's reorganization fund,
provided that they are released from civil liability.
.
We are confident in the legality of
our nearly universally supported Plan
of Reorganization, and optimistic that
the Supreme Court will agree, Purdue Pharma, via statement.
Solicitor General Elizabeth Prelogar argues that granting the Sacklers immunity goes against bankruptcy code and represents an "abuse of the bankruptcy system.".
The plan’s release ‘absolutely, unconditionally, irrevocably, fully, finally, forever and permanently releases’ the Sacklers from every conceivable type of opioid-related civil claim – , Solicitor General Elizabeth Prelogar, via statement.
.... even claims based on fraud and other forms of willful misconduct that could not be discharged if the Sacklers filed for bankruptcy in their individual capacities, Solicitor General Elizabeth Prelogar, via statement.
However, Ohio Attorney General
Dave Yost said he's disappointed
that the settlement was paused.
.
We wanted the settlement to move forward.
It’s so important to get this money flowing.
It’s been – since 2019 – that this bankruptcy proceeding
has been going on.
, Ohio Attorney General Dave Yost, CNN’s Jake Tapper on 'The Lead'.
I guess the best thing I can say about today’s decision to hear the case is at least they set it for December, Ohio Attorney General Dave Yost, CNN’s Jake Tapper on 'The Lead'
Dive into the compelling story of the Sackler family and Purdue Pharma's role in the opioid epidemic with this insightful book review of 'Empire of Pain' by Patrick Radden Keefe. Explore the book's examination of the Sackler dynasty's history and their controversial contributions to the pharmaceutical industry. Stay informed and discover the hidden truths behind one of the most notorious families in modern medicine.
#JFL #JaipurLiteratureFest #JFL2024 #JaipurLiteratureFest2024 #Jaipur #JaipurDiaries #Book #EmpireofPain #PatrickRaddenKeefe #AuthorTalks #Oneindia
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In a major relief, the Supreme Court granted interim bail to Arvind Kejriwal to campaign in the Lok Sabha elections. The top court, however, rejected the request.. IndiaTimes
Terming Indian Medical Association (IMA) president R V Asokan's adverse remarks in the Patanjali misleading advertisements case "very, very unacceptable", the.. IndiaTimes
The petitioners submit that compelling the registered medical practitioner to disclose name of the minor seeking to medically terminate a pregnancy is in.. IndiaTimes
Chief Justice Chandrachud stressed the scarcity of public jobs and the importance of maintaining public faith in the system. "The public job is so scarce...... IndiaTimes
Israeli Prime Minister Netanyahu dismissed US President Biden's threat to halt arms sales over a potential ground operation in Rafah. Netanyahu asserted Israel's ability to stand alone and fight fiercely if needed, citing historical precedent. Despite Biden's concerns about civilian casualties, Netanyahu remains determined. The US decision to pause bomb shipments to Israel further underscores escalating tensions between the two allies.
#Israel #IsraelHamas #Rafahinvasion #Biden #JoeBiden #BenjaminNetanyahu #USnews #BidenNetanyahu #Israelnews #Worldnews #Oneinda #Oneindia news
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The United States ambassador to India Eric Garcetti, representing the Biden administration, dismissed concerns about Indian democracy at a Council on Foreign.. IndiaTimes
Speaking at a council on foreign relations event, US Ambassador to India Eric Garcetti emphasized the importance of accountability in maintaining the US-India.. IndiaTimes
President Joe Biden has suffered yet another gaffe at a podium ... this time, he incorrectly ID'ed WNBA superstar Candace Parker as a "coach." The flub happened.. TMZ.com
FDA Testing Reveals , Bird Flu Virus , in 1 in 5 Milk Samples.
'Time' reports that the Food and Drug Administration
(FDA) has warned that traces of bird flu have been found
in nearly one-fifth of commercial milk samples tested. .
In a statement released on the agency's website,
the FDA said that traces of the virus do not
necessarily indicate a risk to consumers. .
According to the FDA, more tests are needed
to confirm if intact pathogens that remain
infectious are present in the samples.
Those tests would determine , "whether there is any risk of illness
associated with consuming the product.".
'Time' reports that the results of the study
come as a stark warning of how quickly the
virus is spreading among dairy cows in the U.S.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
The virus has already killed millions of birds globally,
raising both health and food security concerns,
as well as spooking global markets.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
So far, the Department of Agriculture has already
confirmed 33 infected herds across eight states,
including Texas, Michigan and Ohio.
In an effort to understand the extent of the outbreak
and potentially contain it, the USDA has implemented
mandatory testing of cows moving across state borders.
Authorities have stressed that the current
risk to humans remains low, with only one
identified human case in the U.S. this year. .
To date, the retail milk studies
have shown no results that would
change our assessment that the
commercial milk supply is safe. , FDA statement, via 'Time'
Credit: Wibbitz Top Stories Duration: 01:31Published
Norfolk Southern Offers , Settlement to Resolve Lawsuits , Related to 2023 Derailment.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Train operator Norfolk Southern has agreed to pay $600
million as part of a settlement to a class-action lawsuit as
part of a February 2023 derailment in East Palestine, Ohio.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
Associated Press reports that the agreement, which would
resolve all class action lawsuits within a 20-mile radius
from the derailment, is still pending court approval.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
According to the agreement, the settlement would also
resolve personal injury claims within a 10-mile radius of
the accident site for residents choosing to participate.
On April 9, Norfolk Southern said that
the settlement does not constitute an
admission of liability or fault for the fiery crash.
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
The East Palestine derailment has already cost
Norfolk Southern over $1.1 billion, including
$104 million in aid for residents and the town. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
AP reports that while the company has promised
to create a fund to help pay for the community's
long-term health needs, that fund has yet to be created. .
Norfolk Southern CEO Alan Shaw said that the railroad operator is, “becoming a more productive and efficient railroad. .
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
There is still more work
to be done to achieve
industry-competitive margins, Alan Shaw, Norfolk Southern CEO, via Associated Press.
The operator reported preliminary Q1 earnings of
23 cents per share, reflecting the impact of the settlement and cleanup costs for the derailment.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Indian embassy confirmed Mohammed Abdul Arfath's tragic death in the US after he went missing for three weeks. His family received a ransom call, highlighting the grim situation. Arfath's demise adds to the alarming trend of Indian student deaths in the US this year. Calls for improved security measures persist as concerns for student safety escalate.
#MohammedAbdulArfath #Arfath #IndianStudent #IndianStudentinUS #ITOhio #MajlisBachao #IndiaUS #Biden #IndianStudents #USnews #Worldnews #Oneindia #Oneindianews
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The Indian Consulate in New York confirmed the death of Indian student Uma Satya Sai Gadde in Ohio, amid a concerning trend of Indian students facing adversity in the US. This incident adds to recent cases highlighting safety concerns, prompting calls for greater accountability from the Biden administration and enhanced support for international students studying in the country.
#UmaSatyaSaiGadde #SaiGadde #IndianStudent #IndiaStudent #IndiansinUSA #USA #Bidennews #USnews #Worldnews #Oneindia #Oneindianews
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Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
Jon Stewart is mocking the media's coverage of Donald Trump's criminal trial. 'The Daily Show' host slammed the likes of Jake Tapper, Nicolle Wallace and Erin Burnett for their extensive and at times incredibly dramatic reporting of the former president's New York criminal trial.
Credit: The Hollywood Reporter Duration: 02:03Published
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