Supreme Court Rejects Purdue Pharma Opioid Settlement

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 27 June 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

P.M. Edition for June 27. The Supreme Court has blocked a Purdue Pharma opioid settlement that would have shielded the wealthy Sackler family from civil lawsuits. WSJ’s Alexander Gladstone discusses what the ruling means for patients and their families. And Walgreens plans to shutter many of its U.S. stores and move away from the primary-care business. WSJ health reporter Anna Mathews explains what is behind the shift in strategy. Plus, follow our live coverage of the first presidential debate of the 2024 campaign. Sabrina Siddiqui hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This program is brought to you by Vanta.
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0:09.0	ISO 2701 and more.
0:11.0	Learn how by watching Vanta's on-demand demo
0:14.0	at vantage.com slash W.S.J.
0:16.3	The Supreme Court rejects the Purdue Pharma
0:21.6	opioid settlement threatening billions of
0:23.7	dollars for victims and Walgreens plans to close many of its stores across the
0:29.2	U.S. Pharmacies are increasingly saying they just don't actually make enough on filling prescriptions to survive.
0:36.0	Plus, a newly discovered species of dinosaur bears an uncanny resemblance to a certain character from Marvel.
0:45.0	It's Thursday, June 27th.
0:46.5	I'm Sabrina Siddiqui for the Wall Street Journal.
0:48.4	This is the PM edition of What's News,
0:50.5	the top headlines and business stories that move the world today.
0:56.5	The Supreme Court delivered a series of rulings in high profile cases today.
1:01.0	One of those decisions saw the nation's highest court reject a bankruptcy plan for the
1:05.0	maker of OxyContin, Purdue Pharma. The plan would have allocated billions of dollars
1:09.7	from members of the wealthy Sackler family to combat opioid addiction in exchange for
1:14.2	shielding them from civil lawsuits over their alleged role in fueling the drug
1:17.5	epidemic. The 5-4 decision is among the highest profile bankruptcy decisions
1:22.0	ever from the Supreme Court.
	...

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