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FT News Briefing

Thursday, September 12

FT News Briefing

Forhecz Topher

News, Daily News, News & Politics

4.41.3K Ratings

🗓️ 12 September 2019

⏱️ 10 minutes

🧾️ Download transcript

Summary

Purdue Pharma and its controlling Sackler family members strike a preliminary deal with several US states and local governments to resolve legal claims stemming from the opioid crisis, the FT reports that the Pentagon is compiling a list of companies with ties to the Chinese military and the UK government releases the controversial “Operation Yellowhammer” document that outlines the potential damage from a no-deal Brexit. Plus, the FT’s Philip Stafford explains why investors have given a cold shoulder to Hong Kong Exchanges and Clearing's £32bn bid for the London Stock Exchange.

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Transcript

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0:00.0

The UK's energy partner.

0:06.0

Learn more at equinore.

0:10.0

Good morning from the newsroom of the Financial Times.

0:12.0

Today is Thursday, September 12th. Good morning from the newsroom of the Financial Times.

0:12.6

Today is Thursday, September 12th,

0:15.2

and this is your FT news briefing.

0:18.4

Purdue Pharma has reached a tentative deal

0:20.8

with several US states to resolve legal claims stemming from the

0:24.3

opioid crisis. The Pentagon is compiling a list of companies with ties to the

0:29.0

Chinese military and after refusing for months to release the Operation Yellow Hammer plan, the UK government

0:35.8

has made a document that outlines the potential effects of a no-deal Brexit public.

0:41.0

Plus, the FT's Philip Stafford explains why investors have given a cold

0:44.7

shoulder to Hong Kong's 32 billion pound bid for the London Stock Exchange.

0:49.2

I'm Mark Filipino and here's the news you need to start your day.

0:57.0

On Wednesday, Purdue Pharma and members of the controlling Sackler family struck a preliminary

1:01.6

deal with several U.S US states and local governments.

1:04.8

This came as the company tried to resolve legal claims stemming from the American opioid crisis.

1:10.0

But some places like New York wouldn't come to the table.

1:13.8

The F.T's Pharmaceutical and biotech reporter Hannah Cushler has more.

1:18.2

So we've been waiting for Purdue Pharma, which is the maker of OxyContin,

1:21.9

this incredibly powerful opioid and the family that

1:25.2

controls it the Sackler family to settle the vast number of lawsuits that they

...

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