More than a year after the maker of OxyContin reached a tentative settlement over the toll of opioids, the money isn’t flowing yet.
That’s because a federal court is still considering whether it’s lawful to give members of the Sackler family who own Purdue Pharma protection from civil lawsuits in exchange for their contribution to the settlement: the company itself and up to $6 billion in cash. Lawyers on multiple sides of the case have asked the court to issue an opinion — or at least a timeline.
NYC transit agency stops Twitter service alerts
The transit authority that runs subways, commuter trains and buses in New York City is giving up on a system that sent automated alerts about service disruptions through Twitter, a platform the Metropolitan Transportation Authority decided to stop using on Tuesday.
MTA officials say they balked at Twitter’s recent decision to start charging for certain functions. The authority also was concerned with technical problems that had led to two recent outages of its Twitter alerts service.
Inflation pressures remain persistent as consumers pull back
Key measures of prices and wages remained high in March, keeping the Federal Reserve on track to raise interest rates next week for the 10th time since March of last year in its drive to defeat high inflation.
An index that is closely followed by the Fed rose 0.3% from February to March and 4.6% from a year earlier. That is still far above the Fed’s 2% target rate. Some Fed officials are concerned that core inflation hasn’t declined much since reaching 4.7% in July.
— Herald wire services
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