Good morning, everyone. Damian Garde here, filling in for Ed Silverman on the last work day of a holiday-shortened week. On that note, we’ll be taking off tomorrow and Friday in the name of Thanksgiving, so you won’t see your requisite menu of tidbits again until Monday. But first, here are this morning’s items of interest to get your day started.
Purdue Pharma, maker of OxyContin, pleaded guilty to three charges related to its role in the opioid epidemic that has led to hundreds of thousands of deaths, the Associated Press reports. The company admitted to misleading authorities and paying doctors to encourage prescribing OxyContin. The agreement includes $8.3 billion in penalties and forfeitures, but Purdue only has to hand over $225 million as long as it complies with a separate settlement.