Business

CVS accepts $5 billion interim settlement in opioid cases.  Walgreens and Walmart would also settle |  CNN

CVS accepts $5 billion interim settlement in opioid cases. Walgreens and Walmart would also settle | CNN

CNN — CVS has tentatively agreed to pay $5 billion to settle lawsuits brought by states and local governments alleging retailers mishandled opioid painkiller prescriptions. Two other major retailers – Walgreens and Walmart – have tentatively agreed to pay billions of dollars to settle similar lawsuits, according to reports from Bloomberg and Reuters. The deal …

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Elon Musk's Twitter is working on a 'high risk' paid video feature

Elon Musk’s Twitter is working on a ‘high risk’ paid video feature

Comment this story Comment Elon Musk’s Twitter is moving forward with content billing plans on the social media site, now with videos. Twitter is working on a feature that allows users to post videos to the site and then charge users to view them, with the social media company taking a cut of the profits, …

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Twitter CEO Elon Musk details election integrity and content moderation on the platform ahead of 2022 midterms

Twitter CEO Elon Musk details election integrity and content moderation on the platform ahead of 2022 midterms

Jake Denton of the Heritage Foundation breaks down some of the biggest changes Elon Musk is implementing on Twitter in “The Evening Edit”. Twitter CEO Elon Musk released a statement outlining how the platform will conduct election integrity and content moderation, including hate and harassment, after the platform took action against several networks that sought …

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Hong Kong Stocks Extend Gains After Last Session's Rally;  Asian markets mixed ahead of Fed decision

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision

Oil futures rise after industry report on falling US crude inventories Oil futures prices rose on Wednesday after industry reports showed a drop in U.S. crude inventories over the past week, Reuters reported, citing figures from the American Petroleum Institute on Tuesday. Brent futures gained $1.31, or 1.46%, to settle at $95.87 a barrel, while …

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision Read More »

Hong Kong Stocks Extend Gains After Last Session's Rally;  Asian markets mixed ahead of Fed decision

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision

Oil futures rise after industry report on falling US crude inventories Oil futures prices rose on Wednesday after industry reports showed a drop in U.S. crude inventories over the past week, Reuters reported, citing figures from the American Petroleum Institute on Tuesday. Brent futures gained $1.31, or 1.46%, to settle at $95.87 a barrel, while …

Hong Kong Stocks Extend Gains After Last Session’s Rally; Asian markets mixed ahead of Fed decision Read More »

WA sues to block Albertsons' $4 billion dividend ahead of Kroger merger

WA sues to block Albertsons’ $4 billion dividend ahead of Kroger merger

Washington’s top lawyer has asked a court to stop Albertsons from paying investors a $4 billion dividend due before the grocer’s proposed merger with rival Kroger. The lawsuit, filed Tuesday by state Attorney General Bob Ferguson, is among the first targeting the proposed merger, which would combine the two largest grocers operating in Washington into …

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US considering whether it has authority to review Musk's Twitter deal

US considering whether it has authority to review Musk’s Twitter deal

Comment this story Comment Big foreign investors would have access to confidential information about Twitter’s finances — and potentially its users — under the terms of Elon Musk’s deal to acquire the social media site, people familiar with the matter told The Washington Post. The revelation comes as Treasury Department officials begin to explore whether …

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Starbucks broke the law by closing a store that had just unionized: labor officials

Starbucks broke the law by closing a store that had just unionized: labor officials

Federal labor officials have filed a sweeping new lawsuit against Starbucks alleging the coffee chain retaliated against union workers by shutting down a popular location in Ithaca, New York, among other charges. A regional director of the National Labor Relations Board said the union’s claim that the June store closure was intended to deter workers …

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Oil industry reacts to Biden threatening potential windfall tax

Oil industry reacts to Biden threatening potential windfall tax

FOX Business host Stuart Varney says Biden knows inflation and gas prices hurt him politically. Oil industry groups react to President Joe Biden on Monday threatening potential windfall tax or other repercussions if oil companies don’t invest in boosting U.S. production and lowering prices to the consumption. The president, arguing in remarks on Monday that …

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Futures: the rally awaits signals from the Fed;  AMD and Devon shift earnings

Futures: the rally awaits signals from the Fed; AMD and Devon shift earnings

Dow Jones futures rose overnight, along with S&P 500 and Nasdaq futures, as attention turned to Wednesday’s Federal Reserve meeting and whether the policymakers will confirm or dash the Fed’s pivot hopes. X The stock market rally reversed from early gains on Tuesday as stronger-than-expected economic data was not what the Fed wanted to see. …

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