Financial News

MSOC: Gunter Named Sun Belt Defensive Player of the Week
October 1, 2019
AP-NC Newswatch
October 2, 2019
Financial News





Opioid settlement…Libra doubts…Flavored tobacco ban 

UNDATED (AP) – Johnson & Johnson has become the latest drugmaker to settle a lawsuit with two Ohio counties over the toll of opioids. If the $20 million deal is finalized, it would leave only one drugmaker in a federal trial scheduled to begin later this month, along with four drug distributors and one pharmacy chain. The company is not admitting wrongdoing and still faces more than 2,000 other lawsuits.
SAN FRANCISCO (AP) – A new report says partners in Facebook’s cryptocurrency-based payments network, Libra, are wavering in their support amid a backlash from U.S. and European officials. The Wall Street Journal reported Tuesday that Visa Inc., Mastercard Inc. and others that signed on to help build Libra are reconsidering their involvement. The newspaper cited anonymous people familiar with the matter.


LOS ANGELES (AP) – Los Angeles County has banned flavored tobacco products including e-cigarettes, chewing tobacco and menthol cigarettes. The county’s Board of Supervisors voted unanimously Tuesday to adopt the ban after protests from business owners and advocates of vaping who say e-cigarettes help people quit smoking. The ordinance takes effect in 30 days. Retailers will then have 180 days to clear their shelves of flavored tobacco and apply for updated licenses required under the new rules.


DETROIT (AP) – General Motors de Mexico says it will perform “preventive” maintenance to facilities and equipment at its Silao manufacturing complex while it is shut down due to a labor dispute in the United States. The company says that “for the moment,” its facilities in Ramos Arizpe, San Luis Potosi and Toluca are operating normally.


LONDON (AP) – British royal Meghan, the Duchess of Sussex, has sued a tabloid newspaper that she claims illegally published a personal letter she wrote to her father. Prince Harry accused the Mail on Sunday of editing out parts of the letter in “an intentionally destructive manner” to “manipulate” readers and provide an inaccurate picture of his wife, formerly the American actress known as Meghan Markle. He said Tuesday it was the last straw in a “ruthless campaign” by the tabloids in general to smear her.


AP-WF-10-02-19 1031GMT