UPDATE: Walmart offers to pay $3.1B to settle opioid lawsuits
Indiana Attorney General Todd Rokita announced that Indiana’s tentative share of the prospective settlement is about $53 million.
Associated Press
Articles
New Pence book details split with Trump: ‘Did not end well’
The book comes as former Vice President Mike Pence appears increasingly likely to run for president in 2024. That would put him in direct conflict with former President Donald Trump, who’s expected to formally launch his reelection campaign Tuesday.
Measure of U.S. wholesale inflation eases to 8%
The annual figure is down from 8.4% in September. On a monthly basis, the government said Tuesday that its producer price index, which measures costs before they reach consumers, rose 0.2% in October from September.
Amazon plans new virtual care offering based on messaging
The retail giant said Tuesday it will launch “Amazon Clinic” in 32 states—but not Indiana—to provide medication refills and care for conditions like allergies, erectile disfunction, hair loss, migraines and urinary tract infections.
Fed’s top financial regulator urges ‘guardrails’ for crypto
Michael Barr, the Fed’s vice chair for supervision, said Congress should pass legislation that would impose regulation on crypto currencies in the wake of the swift collapse last week of FTX, a leading crypto exchange.
Frontier, 5 other airlines to refund more than $600 million
The largest U.S. airlines, which accounted for the bulk of complaints about refunds, avoided fines, and an official said no other U.S. carriers are being investigated for potential fines.
Battle over the iPhone app store spills into appeals court
The high-stakes battle involve a setup that generates an estimated $15 billion to $20 billion for Apple every year, which has helped lift its market value to nearly $2.4 trillion.
After election, marijuana advocates look to more states
With the addition of Maryland and Missouri, 21 states have legalized recreational marijuana for adults over the past decade—even though it remains illegal under federal law.
Flying home for holidays likely to cost travelers much more this year
Airline executives say that based on bookings, they expect huge demand for flights over Thanksgiving, Christmas and New Year’s. Travel experts say the best deals for airfares and hotels are already gone.
FTX bankruptcy also endangers founder’s philanthropic pledges
The rapid collapse of cryptocurrency exchange FTX into bankruptcy last week has also shaken the world of philanthropy, due to the tens of millions of dollars in financial pledges and influence of FTX founder Sam Bankman-Fried in the “effective altruism” movement.
NFL Players Association calls on 6 venues, including Indy’s, to change playing surfaces
The association said the turf at Lucas Oil Stadium and five other venues results in “statistically higher in-game injury rates” involving non-contact and lower-extremity injuries. The NFL disputed the NFLPA’s conclusions.
Twitter Blue signups unavailable after raft of fake accounts
Twitter’s relaunched premium service—which grants blue-check “verification” labels to anyone willing to pay $8 a month—was unavailable Friday after the social media platform was flooded by a wave of impostor accounts.
Biden set to expand methane emissions rules amid push for more oil
The supplemental rule comes as President Biden has accused oil companies of “war profiteering” and raised the possibility of imposing a windfall tax on energy companies if they don’t boost domestic production.
U.S. judge in Texas strikes down Biden loan-forgiveness plan
A U.S. judge on Thursday blocked President Joe Biden’s plan to provide millions of borrowers with up to $20,000 apiece in federal student-loan forgiveness.
AP source: US authorities investigate crypto exchange FTX
The swift collapse of cryptocurrency exchange FTX sent more shockwaves through the crypto world on Thursday, with authorities now investigating the firm for potential securities violations and analysts bracing for a further downturn in crypto prices.
U.S. consumer inflation eases to 7.7% over past 12 months
Helping drive the inflation slowdown from September to October were used car prices, which dropped for a fourth straight month. Also down were the prices of clothing and medical care.
Musk seeks to reassure advertisers on Twitter after chaos
The latest erratic move on the minds of major advertisers—that the company depends on for revenue—was Musk’s decision to abolish a new “official” label on high-profile Twitter accounts just hours after introducing it.
Cryptocurrencies plunge as Binance scraps deal for rival FTX
Bitcoin sank to a two-year low after Binance confirmed earlier rumors and news reports that it was ready to back out of the FTX deal, struck between the CEOs of the two exchanges on Tuesday.
Defying inflation worries, U.S. casinos have best quarter ever
Sixteen states reported quarterly highs in overall gambling revenue, including five of the six largest markets: Indiana, Michigan, Nevada, New York and Pennsylvania.
Kentucky, Michigan voters approve protecting abortion rights
The Tuesday ballot measures came months after the Supreme Court overturned Roe v. Wade and the constitutional right to abortion it guaranteed to women nationwide.