Top of the morning to you. And a fine one it is. Lots of sunshine and clear blue skies are once again enveloping the Pharmalot campus, where the official mascot is sniffing about the grounds and the short person will soon awake for another day of gainful summer employment. As for us, we are as busy as ever hunting and gathering items of interest. We trust you have your own hectic agendas. So join us as we hoist the ever-present cup of stimulation — our choice today is wild mountain blueberry — and attack the to-do list. Have a grand day, everyone, and do stay in touch. …
West Virginia cities and counties reached a $400 million settlement with McKesson, AmerisourceBergen and Cardinal Health to resolve the allegations that the three wholesalers fueled an opioid crisis in the state, Reuters notes. More than 100 local governments had sued the distributors, alleging they recklessly oversupplied West Virginia with prescription pain medication. The settlement ends those lawsuits and builds on previous settlements reached by the companies with the state Attorney General’s office. Along with Johnson & Johnson, the distributors previously agreed to a $26 billion nationwide settlement of opioid litigation, but that settlement did not include West Virginia.
The economic plan advanced by Senate Democrats would lead to higher taxes for makers of clothing, drugs, and electronics, according to an analysis by the Joint Committee on Taxation, adding complexity to the debate over the 15% U.S. corporate minimum tax, Bloomberg News explains. Democrats say the additional data help bolster their case that the 15% minimum tax is necessary to compel profitable U.S. companies that have outsourced jobs and used creative tax planning to avoid levies to pay more to the Internal Revenue Service. Republicans have criticized the levy as detrimental to American manufacturing and that it could mean more jobs being shipped overseas.
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