meta_pixel
Tapesearch Logo
Log in
What A Day

Amount Past Purdue

What A Day

Crooked Media

News, Daily News

4.612K Ratings

🗓️ 9 July 2021

⏱️ 17 minutes

🧾️ Download transcript

Summary

OxyContin maker Purdue Pharma reached a deal where 15 states agreed to drop their opposition to the company's bankruptcy plan in exchange for concessions from the Sackler family. The move has paved the way for the company to settle with plaintiffs, who blame Purdue for its role in the country’s opioid crisis, for roughly $4.5 billion. The world’s known COVID deaths just passed 4 million by one count, and many countries are still seeing rises in cases and hospitalizations due to the Delta variant and vaccine inequity. Meanwhile in the U.S., White House officials said that nearly 100 percent of recent COVID deaths have been among those who are unvaccinated. And in headlines: Biden announced an end-date for U.S. military presence in Afghanistan, two Haitian Americans are arrested for the assassination of President Moïse, and Michael Avenatti was sentenced for attempting to extort $20 million from Nike. For a transcript of this episode, please visit crooked.com/whataday

Transcript

Click on a timestamp to play from that location

0:00.0

It's Friday, July 9th. I'm E. Kila Hughes.

0:09.2

And I'm getting in the rest of the second. This is what a day the podcast that was playing out of every spaceship in the new US intelligence report on

0:16.0

Spaceships. Yeah, don't ask us how they got it, but the aliens are apparently in love with what?

0:21.6

They are real. They are smart and they are obsessed with daily news.

0:25.3

Yeah, I heard that they sang along to the headlines, Jacob.

0:35.1

On today's show, a vaccine tailored to the Delta variant may be on the way,

0:38.8

plus we will have headlines, but first, the latest.

0:42.3

The Sacklers will be permanently banned from the opioid business.

0:45.6

Purdue Farmo will cease to exist. And most importantly, the public will witness the most significant

0:51.7

disclosure in any case ever. Yeah, so that is Massachusetts attorney general,

0:55.7

Moira Healy announcing what is considered a big victory for victims and their families of the opioid crisis.

1:01.4

But Akila, tell us more about this. All right, so it's a doozy.

1:04.9

Late Wednesday night, 15 states for each an agreement with Purdue Farmo, the maker of oxy cotton.

1:09.9

And the company's been sued repeatedly for its contribution to the opioid crisis as we all know.

1:14.3

But this new agreement paves the way for a settlement of at least $4.5 billion with a B dollars.

1:19.4

And this is coming on the heels of Johnson and Johnson settlement with New York state two weeks ago,

1:23.7

for $230 million, re opioids. And yes, wow, is correct.

1:27.7

Yeah, I mean, this is obviously good news or better news than receiving nothing for the damage

1:32.2

that has been caused here, but it is a settlement. So what then are the terms of this agreement?

1:37.6

All right, so for $4.5 billion, Purdue Farmo has made sure that all of the states involved will

1:42.4

drop their opposition to the company's bankruptcy plan. And in return, Purdue will release millions

1:47.7

of documents to those states and will also promise an additional $50 million for members of the

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Crooked Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Crooked Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.