setback. >> purdue pharma filing for bankruptcy to protect itself from more than 2000 lawsuits accusing it of fueling the opioid epidemic. the maker of oxycontin has a settlement plan valued at more than $10 billion. perdue's owners are the sackler family, they would hand over the company to a trust by counties, states, and cities that have sued the companies. >> i think we have known this was coming for a long time. we have seen the company and the sackler's in talks, and there are certainly some disputes about how much they should pay. i don't think this filing is by any stretch of the imagination the end of this discussion. it will probably be a long discussion in bankruptcy court over what exactly happens with these assets if this proposal goes ahead. >> shares of fedex falling in after-hours trading citing worsening trade tensions and a weaker global economy. significant cut here. $11 to $13, that is quite a drop from the previous year. thomas: it is. and it comes right after they reported their yearly earnings in june and brought down expectations quite a bit. they are bringing th

famous of these of courses purdue pharma, which was responsible for oxycontin, and they were shown to be really pushing this drug trying to make sales even while their own internal studies showed out addictive it was. and so purdue pharma silicates a lot of blame. but from these new documents we learned that and much less well-known company which is based in st. louis where i live actually make more of these pills, these oxycodone pills, than any other company. they were responsible for something like 29 billion opioid pills. and so now we're getting -- it's comparable to the big tobacco lawsuit in the '90s. >> host: the lawsuits that are being brought by states and cities and towns that have been consulted in a federal court in ohio, actually oklahoma, a judge recently ruled against johnson & johnson, another the company. but the judge in ohio has said that he thinks this will be a massive come on the skill of the tobacco settlement, a massive settlement. and i think, you know, , everyoe needs to be held accountable because it's shocking, really, when you read the documents that are

started bankruptcy proceedings after being accused of creating an opioid epidemic produced pharma has been flopped with a multi-billion dollar fine as i thought a moment for some 2 and a half 1000 lawsuits but nobody is likely to go to jail up explains purdue pharmaceuticals recently found liable for the opioid epidemic has filed for bankruptcy it's reached an agreement for a settlement with 22 different state attorney generals regarding its malfeasance and the lawsuits now some attorney generals are saying it's not enough it should not be about billionaires looking to use the bankruptcy process as a vehicle to further shield their assets and escape accountability this proposed deal isn't worth nearly what they say it is it doesn't require the sack there is to pay back a dime of the billions of dollars they sucked out of purdue through the sales. over the last many years now the opioid epidemic has claimed roughly 400000 lives so paying a big fine does seem a bit lenient right well you'll notice that none of these prosecutors are talking about jailing big pharma execs and they can

standing behind him. >>> just days after filing for bankruptcy purdue pharma reportedly wants to shell out $34 million in bonuses company. the drug company is facing thousands of lawsuits in connection with the opioid crisis. "the washington post" reports despite the legal trouble purdue has asked a judge for permission to pay the bonuses to certain employees. critics say the $34 million should go to victims of the opioid crisis instead. >>> time for a look at your weather for this friday morning. >> good morning. as we go through friday eastern texas will still be dealing with some rainfall. spotty showers and thunderstorms will still be numerous out there and some spots could pick up another one to two inches of rain. things will die down in the weekend but this is not good news because we've had more than 40 inches of rain, especially for areas just to the east of houston. and in the tropics there's still a lot more activity. we're also following hurricane jerry as it works through the atlantic. for accuweather i'm meteorologist melissa constanzer. >>> coming up, why students across the

maker purdue pharma reportedly asked a judge to authorize $34 million in employee bonuses. the washington post reporting the company wants to reward workers who met performance goals. this comes just days after purdue pharma filed for bankruptcy. starting today, impossible foods fake meat will hit grocery stores. the company's impossible burger will be available at southern california grocery store gelsons. it's the first phase of the plan to make them available at grocery stores nationwide. impossible foods is catching up to beyond meat whose fake meat products already in stores like kroger and target. and now you can really be on top of the world. the luxury action travel company is launching a pop-up hotel at the north pole. it will include 10 heatedi heatd igloos. the adventure is only available during april because that's when you can fly to the north pole safely by helicopter. cheryl: i want that and i want the yacht that you told me about earlier in the show. i want both. lauren: you've got to pick one. my birthday's in april. could be a nice expensive birthday present.

trouble you for another marshmallow? >>> purdue pharma will be allowed to pay out $34 million in bonuses to employees when it goes through bankruptcy. purdue pharma faces thousands of lawsuits for fuelling the opioid crisis through the painkiller oxycontin. the company's request was made at an initial court hearing this week. the filing does not protect members of the sackler family. the final hearing on the issue will be october 10th. >>> a new jersey man accused of terrorist activities on behalf of hezbollah. prosecutors say he conducted surveillance and photographed locations in new york city, boston and washington, d.c. around 2003, he was instructed by a, quote, handler in lebanon to prepare a detailed report on new york. the complaint says it included u.n. headquarters, the statue of liberty and ellis island, the new york stock exchange, times square and the city's three major airports. >>> there's an eighth death from vaping nationwide. and 530 cases reported in 39 states and 1 territory. that's up 150 cases from the week before. the latest death is in missouri, the first

drugmaker purdue pharma asking the judge to authorize $34 million in employee bonuses. washington post reporter becoming wants to reward workers performance goals, this is days after her do filed for bankruptcy, the company is facing thousands of lawsuits accusing them of helping them fuel the opioid crisis by misleading doctors about the risks of their painkiller oxycontin of which they made a lot of. jillian: a foxbusiness alert, major gun manufacturer suspending production of a are 15 rifles for civilians, it will still make them for the military and law enforcement. rob: they believe there are enough on the market, they don't need to produce them right now. staying, we think it is good sense to follow consumer demand and adjust as market dynamics change. cold has been a supporter of the second amendment for 180 years and remain so it will provide customers with the finest firearms in the world. millions of people demanding action on climate change. a global climate strike kicking off overnight in australia. jillian: students will be excused from class to protest. with our affiliate

in may. embattled drugmaker purdue pharma asking a judge to authorize $34 million in employee bonuses. the washington post reporting the company wants to reward workers who met performance goals. this comes just days after purdue filed for bankruptcy. the company is facing thousands of lawsuits accusing them of helping fuel the opioid crisis by misleading doctors about the risk of its painkiller oxycontin. the time is 15 minutes until the top of the hour and it is a day dedicated to raising awareness about the disease the directly impact 6 million americans. doctor nicole safire is live with a closer look at prevention. good morning. - in the last year, there were three victims of cybercrime every second. when a criminal has your personal information, they can do all sorts of things in your name. criminals can use ransomware, spyware, or malware to gain access to information like your name, your birthday, and even your social security number. - [announcer] that's why norton and lifelock are now part of one company, providing an all in one membership for your cyber safety that

tonight, opioid outrage. attorneys general up in arms after learning that purdue pharma which makes oxycontin wants to pay more than $34 million in performance bonuses to its employees. that's the same company that filed for bankruptcy this week. up front now attorney general josh shapiro refused to join the settlement and he's suing the sackler family which, of course, controls purdue. nice to have you. they want to pay $34 million in bonuses. do you have any idea what these quote, unquote, performance bonuses are for at the company which makes oxycontin? >> no, i don't, erin, and sadly, this is what we've come to expect from purdue. the same people that incentivized the kind of behavior that ultimately led to this crisis we're facing across this country, the same people that specifically targeted pennsylvania with 531,000 visits to doctors offices where they were specifically trying to target our veteran population and seniors and trying to get people hooked on their product, oxycontin, has the same chemical makeup as heroin. it doesn't surprise me, given their greed, given their

, according to the cdc and health agencies. >>> meantime, purdue pharma, maker of oxycontin, has asked a bankruptcy judge to halt more than 2,600 lawsuits against it for roughly nine months. the suits allege the company and its owners, members of the sackler family, helped fuel the nation's opioid epidemic. the pharmaceutical giant filed for bankruptcy on sunday after agreeing to a more than $10 million settlement deal with states and local governments that brought the bulk of cases. >>> and alexa is getting political. amazon's virtual assistant is gearing up for the 2020 u.s. presidential election. the company says alexa will provide users with information on polls, ballots, results, and more. candidates may also benefit. starting today they can sign up to receive campaign contributions. next month users will be able to donate up to $200 to a candidate by simply telling alexa who they want to send money to. >> it's a brilliant idea. if only you could vote through alexa, we'd probably have 100% compliance. >> it's wild. hey, alexa, who's the 2020 president? >> i know. maybe one d

, purdue pharma, the company behind the mega-opioid oxycontin, charged with fueling the epidemic that has claimed the lives of 400,000 americans. purdue is currently in bankruptcy court, trying to settle thousands of lawsuits brought against the company, filing for bankruptcy almost automatically puts all of those lawsuits against the company on hold. but crucial point. that doesn't stop the mounting pile of lawsuits against the family behind purdue pharma, which was enriched to multibillion dollar effect by the sales of oxycontin and that has taken billions of dollars out of the company as the company approached bankruptcy. so bankruptcy stops the lawsuits against the company but not against the family. except now tonight lawyers for purdue are asking the bankruptcy judge to also put on hold all the lawsuits against the sacklers personally, which is an effort to try to shield the family's wealth from these lawsuits. lawyers as of now are asking for an injunction against lawsuits against the sackler family personally because they say they are related parties to purdue in the over

are anymore corrupt pal for pound, person for person, then is this is. look at purdue pharma and opiates. look at the trump administration, how corrupt that is. i don't think unions are anymore corrupt. amy: [indiscernible] days of the teamsters and the longshoreman in the 1950's and 1960's, there was a redness corruption. -- horrendous corrrruption. there's much less corruption but they're still one bit of corruption is still too much. this i want to ask about task rabbit. >> in the book, i explained 50 different ways that corporate america is trying to squeeze workers and we can unions using more tims, contracting out more. the latest is using apps to turn more and more workers into here today, gone tomorrow, here this minute, gone next minute workers, so they don't have to -- they owe little responsibility to these workers. this is the big fight now with uber and lyft. the companies are saying you are independent contractors, not employees. if they are employees, the workers can unionize. if they are employees, the company has to pay part of the social security and medical tax

. the #1 choice of online sellers. go to shipstation.com/tv and get 2 months free. >>> purdue pharma says it will continue to make oxy con din for now. purdue filed for bankruptcy this week, part of a plan over filed lawsuits at the center of the opioid crisis. c spoke to attorneys for purdue after a bankruptcy hearing tuesday. one of them told us the plan is not to stop the sale of oxycontin. he said, quote, what we want to do is stop the inappropriate use and abuse. cnn has reached out to purdue for additional information. >>> the sitting chairman has been indicted. granville sheriff williams is facing charges. he coached the would-be assassin and told him to, quote, take care of it. so why on earth would he do this? according to the indictment the sheriff had been told freeman, the former deputy planned to release an audio recording of the sheriff using racially offensive language. >>> a college football fan asked for beer money and the hospital ended up with a $60,000 gift. iowa state alum carson king held up a sign on game day says busch light supply needs replenish. money started po

second are the nicotine it's not worth it in the end. national news now purdue pharma the maker of oxycontin was in bankruptcy court today. the company is hoping the filing will help settle all the lawsuits. it's facing in connection withhe opioid epidemic. more than 2000 state local and native american governments have filed lawsuits against the company. purdue pharma says that it's planning to set aside 10 billion dollars to address the crisis but some states like pennsylvania and new york a vow not to drop their lawsuits. despite the bankruptcy proceedings. you're not going to frighten us you're not going to intimidate us you're not going to out. >>moyer we're going to make sure that justice is done. >>purdue pharma will continue making its opioid oxycontin for now even while it pursues bankruptcy protection. pittsburgh pirates pitcher vasquez has been arrested and charged with soliciting an under-age girl 4 sacks investigators in florida say they found out last month that vasquez had a reported sexually relationship with a 13 year-old they say the alleged victim who is now 15 c

governments have filed lawsuits against purdue pharma over the opioid crisis but now the company bankruptcy ahead in sports. a better moment for the us trump's key family is mike heads to the park where his grandfather car. >>became a major league legit >>to gun is going to be a viable in this country. this is not a case that that people are going to the sale of we want to do is stop the inappropriate use in the abuse. the people in end of life paying people through the media surgical needs. >>i'm going to be able to get the medicine they need. >>purdue pharma will continue making opioid fox a cotton for now even while it pursues bankruptcy protection. the pharmaceutical company was in bankruptcy court today, hoping that that will settle all the lawsuits is facing in connection with the opioid epidemic. >>now merrill has the very latest. >>the opioid crisis spans every corner of the country catching the attention of the president. >>the opioid epidemic last year we saw the first nationwide decline in drug over does and it was a very big to climb more than 2000 state local and nat

insight. do it i've run from the washington post. >>up next opioid maker purdue pharma in bankruptcy court in effort to try to settle more than 2000 lawsuits against them. geico makes it easy to get help when i need it. with licensed agents available 24-7, it's not just easy. it's having-jerome-bettis- on-your-flag-football-team easy. go get 'em, bus! ohhhh! [laughing] c'mon bus, c'mon! hey, wait, wait, wait! hey man, i got your flag! i got your flag, man! i got your flag! it's geico easy. with licensed agents available 24/7. 49 - nothing! woo! >>pharma the maker of oxycontin appeared in bankruptcy court today. >>that company is hoping that declaring bankruptcy will help settle all the lawsuits. it's facing a connection with the opioid at the demick not a real merit has the very latest. >>the opioid crisis spans every corner of the country catching the attention of the president. >>the opioid epidemic last year we saw the rst nationwide to climb in drug over does and it was a very big to climb more than 2000 state local and native american governments have filed lawsuits a

york, tonight. >> roughlyng three-hour bankruptcy proceeding attorneys for you are purdue pharma asked the judge essentially to keep the lights on a to continue paying employees and suppliers a the bleegers maker of oxycontin ves through bankruptcy proegtd, a muted pret pruru perhaps fro a bitter fight. >> it has pursued by more than 600 sboits flaming claiming it fumed the opioid keisis that's 4 hundred thousand lives in the last two decades. they aim oh give company assets ito plaintiffs. it involves the billionaire ownerhe sackler family known for donations to museums and universities. possibly more payments pending the sale of the overseas company. but at at least 10 states s attorney gener that's n enough and nom some from have named the family in suits. the pure attorney plan to asksk litigation against the company and curreofficers, other thanes a and directors and employees tdt could shi the sackler "fast money" meanwhile theap family the say the representativiveus td of citi and counties signed onto the deal. one represent seven motly right attorney. >> joe writ >> trying toge

physical violence. but they believe o'neill's actions caused the boy's death. and purdue pharma the maker of toxic hot and is in bankruptcy court today. yeah it is hoping that declaring bankruptcy will help settle all the lawsuits that it's facing. >>in connection with the opioid epidemic, not mural has the latest. >>the opioid crisis spans every corner of the country catching the attention of the president. >>the opioid epidemic last year we saw the first nationwide decline in drug over does and it was a very big decline more than 2000 state local and native american governments have filed lawsuits against purdue pharma the manufacturer about the cotton and other opioid companies. >>purdue pharma which denies any wrongdoing is now in bankruptcy court. its plato set aside billion to address the crisis releasing a statement saying the deal will provide billions of dollars in critical resources to communities across the country trying to cope with the opioid crisis. we will continue to work wi state attorneys general and other plaintiffs representatives to finalize and implement this

search for justice against purdue pharma on the sackler family for their role in the opioid epidemic has been one doozy talk watchers well now my friends finally finally it is a bit shall we the we don't have to wait any longer as part of a deal struck last week on september 11th of all days per group arm of the maker of oxycontin filed for chapter 11 bankruptcy on sunday evening as the new york times reports this move is up the center of the company's efforts to shield itself and its owners from more than 2600 federal and state lawsuits after voting on sunday to agree to the settlement in chapter 11 steve miller now out of the band the chairman of produce board of directors told the media quote this settlement framework avoids wasting hundreds of millions of dollars and years on protracted litigation and instead will provide billions of dollars in critical resources to communities across the country trying to cope with the opioid crisis. better late than never stevie wonder late than never oh and speaking of billions it appears that a 1000000000 is exactly what the state of new york

announcing its new streaming service. how does it stack up in the streaming wars and purdue pharma in bankruptcy court. they begin proceedings after agreeing to resolve thousands of lawsuits markets. the business of trading goods and services. nasdaq operates among the largest markets in the world. and our technology powers markets from indonesia to chile. great markets are built on a foundation of trust and integrity, forged through leading edge technology and a smart regulatory framework. as technology advances, regulation must keep pace to allow the markets to evolve. today we see an opportunity to modernize regulation, to make markets more accessible to investors and entrepreneurs of all sizes. from the graduate buying her first stock, to an institution investing in thousands. the markets belong to everyone and stand as a symbol of economic advancement, social progress and limitless opportunity. that's the tomorrow that we envision and to get there, we'll have to rewrite it today. >>> welcome back here is your cnbc news update at this hour. deputy white house press secretary hogan

turn in the legal drama surrounding part purdue pharma the corporate career creator of oxycontin the drug experts place at the center of the u.s. opioid abuse addiction an overdose crisis on sunday night purdue pharma filed for chapter 11 bankruptcy protection to shield that staggering profits from more than 2600 pending suits still pending over produce role in creating and pushing the miraculously profitable drug a.p. reporter jeff mulvihill kahn commented on the legal state of play. but now what happens is up to a bankruptcy judge. one of the major issues remaining for the bankruptcy judge sort out will be whether there are lawsuits against cleaners the family that owns the company can move ahead and state courts. produce chapter 11 filing includes an endorsement by their corporate board of the roughly $12000000000.00 settlement between perdue and a coalition of at least 10 state attorneys general and a number of local and trouble governments that was announced last week however attorneys general from a majority of u.s. states have vocally declined to join that statement one of tho

america's lawyer is on hand to break down purdue pharma declarations and what it could mean going forward for the fight over who will pay for the opioid prices and how much grieving families will get. a little price that shot up on the news of a drone attack on saudi oil facilities podhoretz above a trading is standing by to begin to oil prices and whether the incident is a $1.00 off or the start of a trend was. a mobile happened with in facebook getting regulators around the world to set up a little straighter in their chair and actually pay attention to the space. as current currencies continue to disrupt the payments space governments are waking up to the risks christiane managed to catch up with matthew walker to get his view on the future of regulation in the thin tech space so much content if it in just 27 minutes can we do it just watch let's go. the 1st strike in more than 10 years by the united auto workers union leads our global report today as 46000 workers a general motors bring production to a halt at 55 plants across the united states the current contract between wor

pharma is underway right now. purdue filed for bankruptcy as part of a deal to settle more than 2,000 lawsuits against them, lawsuits brought by local communities across the nation for the company's role in fueling the opioid crisis. so what is going to happen today, and what does this mean for the thousands and thousands of families across the country that are battling against opioid addiction as we speak? joining me right now is one of the lead attorneys representing the thousands of plaintiffs in the federal opioid case, paul ferrell. paul, thank you for joining me. >> no problem. thank you for having me. >> thank you. what are you expecting to happen today? >> well, today is day one. it's the first day, as they call it in the bankruptcy proceedings, so it's gathering of lawyers in white plains, new york. the bankruptcy judge is going to look over the petition and make some immediate decisions regarding the operations of the company and then begin developing a plan for the sale of assets for the debts. >> what kind of decisive action are you hoping could happen come today? >> i don

court beginning just about 12 minutes ago over purdue pharma's bankruptcy filing, why several states are expected to fight this thing and the manhattan district attorney issuing a subpoena for the president's tax returns. what does this move mean for those who want to uncover the president's personal and business finances? we're talking about both next. ♪ limu emu & doug and now for their service to the community, we present limu emu & doug with this key to the city. [ applause ] it's an honor to tell you that liberty mutual customizes your car insurance so you only pay for what you need. and now we need to get back to work. [ applause and band playing ] only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ >>> happening right now as of about 15 minutes ago, one of the nation's biggest drugmakers is in a new york courtroom. purdue pharma reps are in front of the judge for the first time after the controversial bankruptcy filing. part of its plan to settle this multi-billion lawsuit over its role in the opioid crisis. purdue wants to keep selling the drugs but give

america's lawyer was on hand to break down purdue pharma declaration and what it could mean going forward for the fight over who will pay for the opioid prices and how much grieving families will get. plus oil prices and shot up on the news of a drone attack on saudi oil facilities horwitz above trading at standing by to begin to oil prices and whether the incident is a one off or the start of a trend. i'm up with happened with. facebook getting regulators around the world to set up a little straighter in their chair and actually pay attention to the space. as current currencies continue to disrupt the payments space governments are waking up to the risks christiane managed to catch up with matthew walk to get his view on the future of regulation in the thin tech space so much content to fit in just 27 minutes can we do it just watch let's go to the 1st strike in more than 10 years by the united auto workers union leads our global report today as 46000 workers at general motors bring production to a halt at $55.00 plants across the united states the current contract between worker

purdue pharma as the encroaching declaration and what it could mean going forward for the fight over who will pay for the opioid crisis and how much grieving families will get. plus oil prices and shot up on the news of a drone attack on saudi oil facilities top horwitz above the trading is standing by to begin to oil prices and whether the incident is a one off or the start of a trend a lot. i love with happen with the increased book getting regulators around the world to set up a little straighter in their chair and actually pay attention to this space.

the stock today. >>> purdue pharma files bankruptcy. $10 billion will be paid to state and local governments to help deal with the crisis. is it enough, is it too much? we're asking ohio's attorney general coming next. >>> we'll ask for the outbreak of vaping-related illnesses. california man has become the 7th person to die because of a vaping-related illness. there is an operation scepter to investigate vaping but is it all what it seems. >>> president trump calling out "the new york times" at a rally last night. he is calling for resignations rebirth of "the new york times." it is all about the article alleging sexual misconduct against justice kavanaugh. "the times" had to issue a correction to acknowledge the alleged victim had no recollection of the event which undermines the story itself. we're getting no that with brian kilmeade a little later this hour. ♪ at fidelity, we believe your money should always be working harder. that's why your cash automatically goes into a money market fund when you open a new account. just another reminder of the value you'll find at fidel

chapter 11 bankruptcy case. purdue pharma filed for uction two days ago, the first step in a plan that would provide 10 to $12 billion to help reimburse state and local governments and clean up the damage caused in the opioid crisis. powerful prescription painkillers and illegal opioids have been blamed for more than 400,000 deaths in the u. s. some people believe the declaration is letting company owners off easy. >> i think justice would be them losing their company and losing their money. >> purdue has reached a settlement with state ask leaders representing local governments that have signed off on the deal. the family who owns purdue will pay at least $3 billion and give up its ownership of the company. >>> the nation's worst measles epidemic in almost 30 years may be in its final stages. for the first time in 11 moss, a full week has gone by with no new cases. the epidemic started a year ago and by the spring, at least 70 new cases were reported every wreak. so far this year, there have been more than 1200 cases of this highly contagious but preventable disease mainly in unvaccin

who shouldn't be with xfinity xfi. simple. easy. awesome. >> sandra: another big story purdue pharma taking big step in its pharmacy journey, the producers of oxycontin will appear in federal court to file for chapter 11 bankruptcy in order to resolve thousands of lawsuits with a multibillion-dollar settlement. oxycontin has been blamed for more than 400,000 deaths right here in the united states over just the past few decades. several states have balked at joining the deal because it fails to fund the company liable for the opioid crisis. >> name like bubblegum, cotton candy, these are obviously targeted to young people. we would abandon all flavors besides tobacco and menthol. >> it's because there's new york governor cuomo declaring the public health emergency to ban the sale of flavored e-cigarettes. we want to bring in a personal story, she is the founder of the rating of e-cigarettes and this is the son, also anti-vaping advocates. i should say now you are. caitlin welcome to the show. so he's vaping in his apartment in new york city and you kind of think something is up. what happene

losing their company and losing their money. >> purdue pharma has reached a tentative settlement with two dozen states and lawyers representing about 2000 local governments who have signed on to this deal. the family which owns purdue pharma will pay at least 3able billion dollars toward thesettlement and give up ownership of the company. >>> people in pleasant hill are upset their library will close for two years. the county is planning to close the existing branch on oak park boulevard while a new library is built across the street. ktvu is at the city council meeting where people ask council members to intervene. >>> since 1961, the pleasant hill library has been open and servicing generations of residents in the community. however, at the end of this school year, the library will shut its doors. as a new library will be built across the street in this vacant lot. >> we pay taxes for library services. the fact that they are closing it and leaving us to scatter doesn't make any sense to us. >> county leaders say the original plan was to build housing behind the new library. but

striking on christina. thank you. ainsley: thank you. steve: purdue pharma filed for bankruptcy after agreeing to estimated 10 billion-dollar settlement to resolve thousands, i believe 2,000 lawsuits connected to the opioid crisis. brian: our next guest lost her sister jenny to opioid overdose in 2017 and said this is just the tip of the iceberg calling the epidemic 20 years conspiracy against patients in a new op-ed. ainsley: that author kelly o'connor joins us now to explain. good morning, kelly. >> good morning. thank you for having me. ainsley: you are welcome. tell us about your story. >> sure. so my sister jenny died in 2017. 71,000 people died that year of a drug overdose. jenny was just one of them. she was 44 years old. suburban mom. college graduate. and i was really blind sided by it. i wasn't educated about opioid use disorder. our family never talked about it. so, i tried to tell our story as much as i can so other people don't make the same mistakes we did. i mean, i would have done anything for my sister. she never asked. just one in 10 people to struggle with opioids s

last few weeks in the search for justice against purdue pharma on the sackler family for their role in the opioid epidemic has been one doozy talk watchers well now my friends finally finally it is a bestial we the we don't have to wait any longer as part of a deal struck last week on september 11th of all days per group arm of the maker of oxycontin filed for chapter 11 bankruptcy on sunday evening as the new york times reports this move is up the center of the company's efforts to shield itself and its owners for more than 2600 federal and state lawsuits after voting on sunday to agree to the settlement in chapter 11 steve miller now out of the band the chairman or.

opioid crisis. purdue pharma the maker of oxycontin filed for bankruptcy the move experts say is an attempt to force a settlement of over 2,000 lawsuits. kate sf snow reports. >> reporter: with the bankruptcy filing lawsuits against purdue will be put on hold. the first step toward what the company and owners, the sacklers, call a $10 billion settlement. but today, resistance. >> this proposed deal isn't worth nearly what they say it is it doesn't require the sacklers to pay back a dime of the billions of dollars they sucked out of purdue. >> reporter: the massachusetts attorney general, one of 25 that reject the idea of settling with purdue on the other side, 29 attorneys general who support the deal including states like ohio and west virginia where opioids flooded in purdue's chairman said they chose not to spend all their money battling lawsuits. >> we think the best answer is put the company on the table, have a settlement so that all of the value can as soon as possible go to the unfortunate victims of the opioid crisis. >> reporter: on friday, new york's attorney general said

pharmacist today about getting vaccinated against whooping cough. >> a fox business alert, purdue pharma will file bankruptcy joining a settlement deal with the company. rob: more on the hearing. >> purdue pharma filing for bankruptcy after negotiating a multibillion-dollar settlement to settle these lawsuits that have been filed against the company. what we are seeing is an initial court hearing in white plains new york in federal courts, a housekeeping, the judge is going to meet with purdue pharma. of the company can continue paying its bills as a go through this chapter 11 bankruptcy protection process, make sure it can pay employees, vendors, all of that is the first step in the bankruptcy filing. rob: i couldn't believe i read about this yesterday with netflix and seinfeld, how much netflix paid for bloom me away and it is only estimates. >> this is a huge deal that seinfeld will be coming to netflix, streaming all 180 episodes starting in 2021. this is a huge deal for netflix. they lost their major shows including the office and friends which are moving to competitive streaming service

. there are only four known survivors in the us. today purdue pharma set to appear in court after filing for bankruptcy to resolve thousands of lawsuits connected to the opioid crisis. tracy carrasco from foxbusiness is here with more on what we can expect. >> the first step for purdue pharma after filing for bankruptcy, chapter 11 bankruptcy protection over the weekend so the initial hearing will be held in federal court in white plains new york for the bankruptcy process. what we can expect from this is more of a housekeeping type of hearing so they will appear before the judge, the judge wants to know can they keep up with expenses as it goes through the chapter 11 bankruptcy process, it will be authorizing those payments to employees and paying other bills, other vendors and all that as well, not facing any of these states the file lawsuits against purdue pharma for its role in the opioid crisis in the us. >> let's talk about another company that had problems, boeing max jets, will step into the cockpit. >> that is what we are hearing, the faa head stephen dixon is reportedly

. >>> purdue pharma, the makers of oxycontin files for bankruptcy. what that means for the thousands of lawsuits that they face and the family who's behind it all next. >>> if you saw the news over the weekend that purdue pharma was declaring bankruptcy, you might think, well, just deserts. here's this company that multiple independent reports, investigations show used a variety of tactics to put on the entire medical system, from hospitals to doctors. not just to ensure that the opioid the company produced for pain got prescribed but that the entirety of american medicine reconceptualized the importance of pain and pumped opioids into its patients. it was extremely lucrative as an undertaking. more than $35 billion in sales launched in 1996 according to the wall street journal. the company was extremely successful in pushing prescriptions. opioid sales sharply rising in the critical years from the late '90s onward. it was devastatingly destructive to america. they were involved in more than 47,000 drug deaths according to the cdc. nearly 218,000 people died in the u.s. from overdose

purdue pharma will be put on hold. the sackler family which owns purdue has been in talks for weeks to settle those cases. days ago purdue pharma reached a tentative settlement with many of the state and local governments suing over the toll of opioids. that deal could be worth up to $12 million. >> it is an upgrade, the fairmont hotel in san jose getting a make over. the lobby, front desk, will be relocated and redone. the fairmont sold last year for $223 million. the new owners want to make the south bay staple more modern. renovations, they say, will take about four months. >> okay. how about this. barack obama boulevard. it might be happening in the south bay. milpitas is considering renaming dixon landing road to barack obama boulevard. the reason, the road leads into the sunny hills community. and that's one of the first integrated neighborhoods in america. >> what's going on in the country itself, it's important to find those persons that are heroes, persons that we can look up to, persons that have done a number of things in this country that we can be proud of. >> okay. so wha

turns over the last few weeks in the search for justice against purdue pharma on the sackler family for their role in the opioid epidemic has been one doozy talk watchers well now my friends finally finally it is a special we the we don't have to wait any longer as part of a deal struck last week on september 11th of all days per group arm of the maker of oxycontin filed for chapter 11 bankruptcy on sunday evening as the new york times reports this move is up the center of the company's efforts to shield itself and its owners for more than 2600 federal and state lawsuits. after voting on sunday to agree to the settlement in chapter 11 steve miller now out of the band the chairman of producers board of directors told the media quote this settlement framework avoids wasting hundreds of millions of dollars and years on protracted litigation and instead will provide billions of dollars in critical resources to communities across the country trying to cope with the opioid crisis. better late than never stevie better late than never oh and speaking of billions it appears that a 1000000000

purdue pharma on the sackler family for their role in the opioid epidemic has been one doozy arc watchers well now my friends finally finally it is a bit shall we the we don't have to wait any longer as part of a deal struck last week on september 11th of all days per group arm of the maker of oxycontin filed for chapter 11 bankruptcy on sunday evening as the new york times reports this move is up the center of the company's efforts to shield itself and its owners from more than 2600 bedroom.

an important development in the legal battle over opioids. last night, purdue pharma, the maker of oxycontin, filed for bankruptcy protection. the company says that will free up to $10 to $12 billion to pay state and local governments. the money would be used in part for treatment programs. 24 states have agreed to take part in the settlement. others plan to move ahead with a lawsuit against purdue and its owners, the sackler family. now building was leveled by a propane explosion. it narrowly missed a school bus that had just picked up kids.rse wounded. and as don dahler reports, this tilding had just been built. >> there's nothing left of it. >> reporter: cell phone footage htken right after the explosion in farmington, maine, shows debris falling like snow. franklin county sheriff scott y shols was one of the first on the scene. >> you know, i spent a year in iraq, and that's about the closest i can explain it. it was just total devastation. >> reporter: from the air, the extent of the blast zone is visible. the entire building that housed an organization for people with disabil