Mallinckrodt Trust Says ‘Gruesome’ Opioid Payment Deal Was Best It Could Do
Representatives for opioid victims said they agreed to forgo the remaining $1 billion of payments they’re owed in a revised deal with Mallinckrodt Plc to ensure they at least get some of the funds the bankrupt drugmaker had promised injury claimants last year. #press
Cannabis Reclassification Request, Hurrican Idalia, and More
Source: Bloomberg, 4:05 #press
The PC Slump and Apple's iPhone Event (Podcast)
Source: Bloomberg, 40:06 #press
Drug Distributors Ride Weight-Loss Hype But Valuations Stay Low
Lesser-known pharmaceutical distributors are quietly cashing in on the hype around Novo Nordisk A/S and Eli Lilly & Co.’s weight-loss drugs, without their valuations being bid up to the same lofty heights. #press
Regional Banks Face Fed Demands, Grayscale CEO on ETF, and More
Source: Bloomberg, 6:17 #press
GDP, Housing, Grayscale CEO, and VR Headsets (Podcast)
Source: Bloomberg, 53:40 #press
Ford Pro CEO Ted Cannis Talks EV Adoption (Podcast)
Source: Bloomberg, 6:14 #press
Bond Vigilantes and the Deficit (Audio)
Source: Bloomberg, 7:09 #press
Apple and Salesforce (Audio)
Source: Bloomberg, 8:58 #press
https://www.bloomberg.com/news/audio/2023-08-30/apple-and-salesforce-audio?utm_source=press.coop
Your Carbon Footprint Should Bring You Joy (Podcast)
Source: Bloomberg, 34:57 #press
HHS Calls for Moving Marijuana to Lower-Risk US Drug Category
US health officials are recommending easing restrictions on marijuana, a move that sets the stage for potentially expanding the cannabis market. #press
Nvidia-Backed CoreWeave Seeks Stake Sale at Up to $8 Billion Valuation
CoreWeave, a cloud computing provider that’s becoming one of the hottest startups in the artificial intelligence race, is exploring a minority stake sale that values the company at as much as $8 billion or more, according to people with knowledge of the matter. #press
UK Home Sales Set to Fall
Home sales in the UK are set to fall to their lowest level in a decade.
Alex Morgan explains the impact that stubbornly high mortgage rates are having on the housing market. (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2023-08-30/uk-home-sales-set-to-fall?utm_source=press.coop
MAGA's Latest Fad Taps AI to Create Trumped-Up History
Next year’s US election has already set off a deluge of fake images, just not the ones you might expect. But first… #press
Hurricane Idalia Makes Landfall in Florida
Hurricane Idalia churned into Georgia after knocking out power to hundreds of thousands of Florida customers, grounding more than 900 flights and unleashing floods along far from where it came ashore as a Category 3 storm earlier Wednesday. The storm came ashore earlier as a Category 3 hurricane near Keaton Beach, Florida. ... #press
American Air Flight Attendants Vote to Support Possible Strike
American Airlines Group Inc. flight attendants gave their union leaders approval to trigger a strike if the labor group is eventually allowed to end contract negotiations under federal labor law, the Association of Professional Flight Attendants said. #press
Grayscale CEO Michael Sonnenshein Talks Bitcoin ETFs (Podcast)
Source: Bloomberg, 10:46 #press
Bond Market Outlook in 2023 (Audio)
Source: Bloomberg, 9:24 #press
Kyiv: Aftermath of Largest Russian Missile Attack in Months
Ukraine’s capital came under the heaviest Russian missile and drone attack since the spring. At least two people were killed and three wounded amid housing damage and falling debris in the capital region, local authorities said. (Source: Bloomberg) #press
Tyson Taps Fresh Meats Head to Oversee Newly Created Supply Chain Center
Tyson Foods Inc. said its fresh meats head, Brady Stewart, will get the added role of supervising a newly created supply chain center as the troubled US meat giant seeks to boost efficiencies across its operations. #press
