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How we change as we ageA decline in cognitive abilities is a normal part of healthy aging, said Dr. Emily Rogalski, Rosalind Franklin Professor of Neurology at the University of Chicago. A diagnosis of mild cognitive impairment is made clinically when cognitive difficulties become frequent and fall outside what is considered normal aging. “There’s not a whole lot of good evidence that there’s anything special about age 80 that leads to a drop-off” in cognitive abilities, Mather said. And they use cognitive tests, such as the Mini Mental Status Exam (MMSE) or Montreal Cognitive Assessment (MOCA), to assess performance in different cognitive areas. Although population-level data associates aging with cognitive decline, the actual manifestation of aging is very diverse on an individual level, Rogalski said.
Persons: Joe Biden, Donald Trump, Biden, Trump, Nikki Haley, Nancy Pelosi, Emily Rogalski, Rosalind Franklin, , Molly Mather, , Angela Roberts, Roberts, “ There’s, Mather, MMSE, We’re, ” Mather, Nir Barzilai, Rogalski, “ We’ve, superagers, Barzilai, “ It’s, Dr, Sanjay Gupta, ” Roberts Organizations: CNN, House, Republican, NBC, Neurology, University of Chicago, UCSF, Aging, Northwestern University’s Feinberg School of Medicine, National Institute, Western University, Institute for Aging Research, Albert Einstein College of Medicine, American Federation for Aging Research, Trump, Biden, Get CNN, CNN Health, Locations: Mexico, Egypt, Montreal
“I'm staying here until I get a heart,” he said in a text message to The Associated Press on Wednesday night. Half of his siblings have the same condition — as did his father, who died at 54, when Scot was 16. Photos You Should See View All 15 Images“That was an immediate wake-up call," Pollard said in a recent telephone interview. He was a contestant on the 32nd season of “Survivor,” where he was voted out on Day 27 with eight castaways remaining. “They all agree that more ablations isn’t going to fix this, more medication isn’t going to fix that,” Pollard said.
Persons: Scot, Pollard, “ I'm, , , I’m, ” Pollard, It’s, , They're, It's Organizations: BOSTON, , NBA, Boston Celtics, Vanderbilt University Medical, Associated Press, Cleveland Cavaliers, Celtics, , , Ascension, Vincent Hospital, University of Chicago, Vanderbilt Locations: Kansas, Carmel , Indiana
Walmart is offering its store managers stock grants, which based on a manager's store format, can range between $10,000 and $20,000. It's not only managers that Walmart wants to encourage to buy into stock ownership. 1 employer, Walmart's decisions are likely to have significant ripple effects and could even lead to broader equity ownership among rank-and-file employees. Already companies such as Ingersoll Rand and Harley-Davidson have taken steps to broaden stock ownership to employees. "Stock ownership is a pillar of worker financial wellness."
Persons: John David Rainey, Chris Taylor, It's, John Furner, Doug McMillon, Biden, Marc Roloson, Aalap Shah, Pearl Meyer, Shah, Brian J, Albert H, Gordon, Stacey Kole, Ed Rataj, Michael Kestenbaum, Gallagher, Peter Follows, Kole, Ingersoll Rand, Davidson, Martin Whitman, Whitman, Pete Stavros's, Walmart's, Harvard's, WTW's Roloson Organizations: New York Stock Exchange, Walmart, International, NYSE, LinkedIn, Companies, Business Administration, Harvard Business School, The University of Chicago Booth School of Business, CBIZ, Carpedia, Harley, Just Locations: U.S
Mitchell joined the case on behalf of Trump around the time arguments were underway at the Colorado Supreme Court. Georgetown’s Supreme Court Institute, for instance, relies heavily on attorneys who have served in the US solicitor general’s office, the government’s top lawyers before the Supreme Court. (The Institute, which operates on a non-partisan basis and offers its sessions for free, declined to comment on the Trump case arrangement.) Particularly valuable for any moot court, along with former members of the solicitor general’s office, are former Supreme Court law clerks. In that November 2021 controversy, the Supreme Court allowed Mitchell 10 minutes as an an intervenor on the Texas side.
Persons: Jason Murray, Donald Trump, Jonathan Mitchell, who’ve, Murray, Mitchell, It’s, , David Frederick, ” Frederick, Trump, John Roberts, Roberts, Amy Coney Barrett, Brett Kavanaugh, Elena Kagan, Samuel Alito, Anderson, Jack Dempsey, disqualifying, Bartlit Beck, Olson Grimsley, Kagan, Neil Gorsuch, Eric Olson, Sean Grimsely, Antonin Scalia, Roe, Wade . Kagan, Dobbs Organizations: CNN, Liberal, Trump, SPAN Murray, Colorado, Georgetown Law, Institute, Lawyers, Colorado Supreme, Organizers, Supreme, Harvard, Appeals, University of Chicago, Jackson, Health Organization Locations: Trump, Washington, Denver, Colorado, Texas
Bond yields rise after jobs report
  + stars: | 2024-02-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBond yields rise after jobs reportCNBC's Rick Santelli with University of Chicago Professor Casey Mulligan, join 'Power Lunch' to discuss bond yields rising after today's jobs report.
Persons: Rick Santelli, Casey Mulligan Organizations: University of Chicago
There's an ideological gap widening between Gen Z's young men and women. Half of young men also believe they face some kind of discrimination, and less than half identify as feminists. Sharing the data, journalist and lawyer Imani Gandy commented on the pattern, saying: "YouTube algorithms are turning young men into sociopaths." "Women are going to rise up and women are going to take over everything and feminism is awful and women hate us," Stein said. "If you're being rewarded by the algorithm and by the platform you're creating on, you're going to probably keep doing it," she said.
Persons: Z's, , haven't, Daniel Cox, Imani Gandy, Trump, — Imani Gandy, Andrew Tate, Pearl Davis, Myron Gaines, cohost, Gaines, Weekes shaming, Davis, Tate, Krysten Stein, might've, Stein Organizations: Service, Survey Center, University of Chicago Locations: sociopaths
Carlyle Group Inc. co-founder David Rubenstein has reached an agreement to buy the Baltimore Orioles for $1.725 billion, according to a person with knowledge of the deal. The person spoke to The Associated Press on condition of anonymity Tuesday night because the agreement had not been announced. Rubenstein, a Baltimore native, will take over as the team's controlling owner, and he's assembled an investment team that includes Ares co-founder Michael Arougheti. The Angelos family has been in control of the Orioles since 1993, when Peter Angelos purchased the team for $173 million. The team recently reached a deal on a new lease extension at Camden Yards.
Persons: David Rubenstein, Rubenstein, he's, Michael Arougheti, Angelos, Peter Angelos, John, Carlyle, Jimmy Carter Organizations: Group Inc, Baltimore Orioles, Associated Press, Orioles, Camden, Duke, University of Chicago Law School Locations: Baltimore, Camden Yards . Maryland, Washington
“I will tell you that the last thing you want is to see multiple law enforcement officials with guns drawn pointing at my parents and thinking that something happened,” the former South Carolina governor told NBC. It’s been in the headlines recently because of a spate of incidents involving public officials. When prominent public officials are victims of swatting, one can’t always prove a cause-and-effect relationship between inflammatory rhetoric posted online or delivered during a speech and a caller’s reckless false emergency call to 911. We need tougher laws to protect public servants, and some states are increasing penalties for perpetrators of swatting. Swatting increases the likeliness of inadvertent harm to the public by the very people whose job it is to protect us.
Persons: Adam Kinzinger, Kinzinger, Tina ”, Tina ’, Nikki Haley, Haley, swatting, Andrew Finch, Finch, , It’s, GOP Florida Sen, Rick Scott, Scott, Anthony Gonzalez, Donald Trump ., Trump, Judge Arthur Engoron, “ TRUMP, Engoron, Jack Smith, Tanya Chutkan, Shenna Bellows, Joe Biden, David, Brennan, I’m, I’d, General Merrick Garland, Katherine Schweit, Nikki Haley’s Organizations: CNN, Republican, House Foreign Affairs, Air National Guard, Adam Kinzinger CNN, Police, Congress, Press, South, NBC, FBI, GOP Florida, swatting, Rep, Anthony Gonzalez of Ohio, Washington Post, New, Trump, Maricopa County Board, Brennan Center for Justice, University of Chicago, Justice Department, The Washington Post, Post Locations: Illinois, Washington, DC, South Carolina, Wichita , Kansas, Anthony Gonzalez of, Ohio, Virginia, toning, New York, Trump, Maine, Arizona, Maricopa, Nevada, The
Two-thirds of U.S. taxpayers say they spend “too much” on federal income taxes, as tax season begins. About 7 in 10 say the same about local property taxes, while roughly 6 in 10 feel that way about state sales tax. Generally speaking, Republicans are more likely than Democrats to view taxes as unfair, to say they are paying too much in taxes, and to see taxes as a poor value. “We tend to think of local government as less partisan.”Among those who pay federal income taxes, half say they would prefer having fewer government services if it meant reducing their bill. About one-quarter say they grasp the calculations for federal income tax.
Persons: Chris Berry, ‘ There’s, , Danny Velasquez, Velasquez, , Loretta Mwangi, Grettel, ” Grettel Mesa, Mesa, Charles Schwab Organizations: University of Chicago Harris School of Public Policy, Associated Press, NORC, for Public Affairs Research, University of Chicago Harris School of Public, Democratic, Democrat, , federal Social Security, Republican, Charles, Charles Schwab Foundation, Inc, AP Locations: Boston, Baltimore, U.S, Mesa, Fort Lauderdale , Florida
CNN —As Donald Trump wages a Supreme Court battle to stay on state presidential ballots, a potent contingent of the conservative legal world has united behind him. The new filings in the case of Trump v. Anderson also reinforce the tight world of Supreme Court lawyering. From the start, the Colorado voters trying to keep Trump off the ballot, and who won at the state Supreme Court level, have been represented by former US Supreme Court clerks who’ve become prominent advocates. In this screengrab from video, Jonathan Mitchell speaks during a panel on Supreme Court Justice Antonin Scalia's legacy in April 2016. A decision could come any day, and when that happens, the case of United States v. Trump would, no doubt, return to the justices.
Persons: Donald Trump, Jonathan Mitchell, Roe, Wade, Elena Kagan, Trump, who’ve, Noel Francisco, George W, Bush, John Yoo, Antonin Scalia, Clarence Thomas, Anderson, Mitchell, Thomas, Scalia, Jason Murray, Justice Kagan, Eric Olson, Sean Grimsley, John Paul Stevens, Sandra Day O’Connor, Joe Biden, , United States …, ” Mitchell, United States ’, , Francisco, William Barr, Michael Mukasey, Edwin Meese, Trump’s, Antonin Scalia's, Scott Gessler, Jack Smith Organizations: CNN, Republican National Committee, GOP, Trump, Colorado, White, Colorado Supreme, Capitol, Confederate, United, National Republican, University of Chicago, Supreme, SPAN, Republican, Dhillon Locations: Texas, Colorado, United States
Five more elite schools agreed to a settlement to resolve claims they colluded on financial aid. The 2022 lawsuit accused nearly 20 top schools of working in a "price-fixing cartel" to limit aid to students. AdvertisementFive more elite schools have now agreed to a settlement to put claims they colluded to limit financial aid to rest. On Tuesday, Emory, Yale, Brown, Columbia, and Duke agreed to pay a collective fine of $104.5 million to resolve allegations against 17 top schools that concerned the way each of them allocated financial aid. The other schools named in the original lawsuit have yet to announce trial dates or progress toward reaching a settlement.
Persons: , Duke, Brown, Brian Clark, Johns Organizations: Service, Duke, Yale, Group, University of Chicago, Columbia, Emory, UChicago, Cornell, MIT, Northwestern, Notre Dame, Vanderbilt, Dartmouth, CalTech, Johns Hopkins Locations: Emory, Yale, Brown, Columbia, Northwestern, Georgetown, Notre, Penn, Rice
WASHINGTON (AP) — President Joe Biden on Wednesday vetoed a Republican measure that would have blocked a White House waiver that allows some foreign-made content in federally funded chargers for electric vehicles. The White House said the GOP plan would actually block made-in-America requirements, since it would revert U.S. policy to a 1980s rule that allows foreign content in U.S. manufacturing. The GOP bill "would eliminate the domestic manufacturing requirement for electric vehicle chargers, thereby harming domestic manufacturing and American jobs,'' Biden said in a veto statement. If enacted, the GOP resolution would revert U.S. policy to a 1983 rule that waives domestic requirements for many manufactured products. The Senate approved the measure, 50-48, i n November, despite a White House veto threat.
Persons: Joe Biden, Biden, Reagan, , Sen, Marco Rubio, Democratic Sens, Sherrod Brown of, Joe Manchin, Jon Tester, Kyrsten, Rubio Organizations: WASHINGTON, Wednesday, Republican, GOP, EV, Democratic, Biden, Associated Press, NORC, for Public Affairs Research, Energy, Institute, University of Chicago, America Locations: America, U.S, People’s Republic of China, China, United States, Florida, Sherrod Brown of Ohio, West Virginia, Montana, Arizona
MILWAUKEE (AP) — A new estimate shows hearing loss affects approximately 37.9 million Americans and is more common in rural areas than urban ones and in men than women. The estimates are for 2019 and only include people who have hearing loss in both ears. Experts say rural Americans need better access to hearing screenings and specialists. Audiologist Melanie Buhr-Lawler, a clinical professor at the University of Wisconsin-Madison, said she saw the threats to hearing health growing up on a farm in rural Wisconsin and later researching hearing loss in rural residents. “People who live in rural areas have a hearing health double-whammy," said Buhr-Lawler, who was not involved with the study.
Persons: NORC, audiologist Nicholas Reed, , David Rein, Audiologist Melanie Buhr, Lawler, Buhr, Robert Wood Johnson Organizations: MILWAUKEE, University of Chicago, Johns Hopkins University, University of Wisconsin, , U.S . Centers for Disease Control, Associated Press Health, Science Department, Robert Wood Johnson Foundation, AP Locations: Madison, Wisconsin, Tomah , Wisconsin
China has just opened the deepest and largest underground laboratory in the world. AdvertisementChina has opened the biggest and deepest underground laboratory in the world in a bid to uncover the secrets of dark matter. That leaves us with one overarching theory; that there is another type of matter acting on the universe, or so-called dark matter. CJPL hosts the Particle and Astrophysical Xenon Experiments (PandaX) and the China Dark Matter Experiment. "There is enough replication already," he said, adding that it may be better to try to find a new approach in the hunt for dark matter.
Persons: , Gran, Ning Zhao, Juan Collar Organizations: Service, Gran Sasso National Laboratory, Nature News, Nature, Sanford Underground Research, Shanghai Jiao Tong, University of Chicago Locations: China, China's Sichuan Province, CJPL, Sichuan, Italy, , South Dakota, Shanghai, Shanghai Jiao Tong University, Illinois
There were papers on the local economic impact of wind turbine manufacturing, the stability of electricity grids as they absorb more renewable energy, the effect of electric vehicles on housing choices, how wildfire smoke strains household finances. Janet Currie, the incoming president of the American Economic Association, chose an environmental economist, Michael Greenstone of the University of Chicago, to deliver the conference’s keynote lecture. He focused on the global challenge of shifting to renewable energy and the corresponding potential to alleviate air pollution that is particularly deadly in developing countries like India and Indonesia. “This isn’t just a series of topics, but it’s a big, interrelated problem,” Dr. Currie said. “Not only economists but everybody else is realizing that this is a first-order problem, and it’s affecting most people in some way.
Persons: Monika Piazzesi, Janet Currie, Michael Greenstone, Dr, Currie, Organizations: American Finance Association, American Economic Association, University of Chicago Locations: Venice, India, Indonesia
Opinion: The return to office fallacy
  + stars: | 2024-01-22 | by ( Opinion Peter Bergen | ) edition.cnn.com   time to read: +5 min
And yet, some corporate titans are still pushing for their employees to return to their offices. Working parents, in particular, benefit from not having to waste time, money and flexibility commuting to an office. A 2023 Bankrate survey found that 74% of working women with children are in favor of remote work, while 64% of all working Americans support it. I am writing this column in Washington, DC, but work with editors in New York, London or Atlanta. So why do some bosses still feel it necessary to prolong the slow and necessary death of The Office?
Persons: Peter Bergen, CNN —, Banks, Goldman Sachs, Morgan, Jamie Dimon, Organizations: New, Arizona State University, Apple, Spotify, CNN, Peter Bergen CNN, titans, JPMorgan Chase, Meta, Pew Research Center, University of Chicago Locations: New America, , Brooklyn, Manhattan, Chicago, Mexico City, San Francisco, Washington ,, New York, London, Atlanta
Read previewThe James Webb Space Telescope has discovered the oldest black hole ever detected, breaking its own record. It's about 40 million years older than the record-breaking black hole Webb also discovered and announced in November. AdvertisementA cosmic clue in this black hole's outsized appetiteA disk of hot gas swirls around a feeding black hole in this illustration. AdvertisementPeering at the early universe with Webb "is like upgrading from Galileo's telescope to a modern telescope overnight," Maiolino said. He added that his team hopes to search for smaller "seeds" of black holes with future Webb observing time.
Persons: , James Webb, Webb, Nick Risinger, JWST, Chandra, Daniel Holz, Roberto Maiolino, Maiolino Organizations: Service, Business, ESA, Hubble, Sky Survey, NASA, CSA, University of Chicago, New York Times, University of Cambridge, JPL, Caltech
Here are the results of a survey of about 2,000 registered voters eligible to vote in the Republican caucus, compiled by the Associated Press, which offer a look at voting patterns and trends. The numbers are based on interviews with survey respondents who said they voted or intended to vote. Numbers will continue to update as more responses are added and the survey’s weighting adjusts. Source: AP VoteCast conducted by NORC at the University of Chicago for the Associated Press, Fox News and The Wall Street Journal
Persons: NORC Organizations: Republican, Associated Press, University of Chicago, Fox News, Street
London CNN —World leaders are flocking to Davos this week to pontificate on the planet’s most pressing problems. Even in the absence of a new crisis, soaring debt servicing costs will constrain efforts to tackle climate change and care for aging populations. Mortgage rates and other borrowing costs soared as investors demanded much higher premiums for owning UK debt. Mounting debt and political brinksmanship have already taken their toll on America’s credit rating, which typically affects borrowing costs for the government, businesses and households. And that would increase the government’s borrowing costs.
Persons: worryingly, Michael Saunders, , Saunders, that’s, Liz Truss, Dave Ramsden, Fitch, Moody’s, Raghuram Rajan, “ It’s, ” Rajan, Anna Cooban Organizations: London CNN —, Bank, CNN, Oxford Economics, Bank of England, AAA, States ’, Reserve Bank of India, Labour Party, Treasury Department, Federal, University of Chicago Booth School of Business Locations: Davos, Kingdom, Argentina, States, United States, Switzerland
New York CNN —The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures price index, measured 2.6% annually in November. So, getting that number down to the Fed’s 2% target should happen in no time, right? That’s because much of the run-up in inflation came from pandemic-induced supply chain disruptions and unusual spikes in demand. The reason is that as inflation cools more, the remaining components that work to keep inflation above the Fed’s target are increasingly “sticky,” meaning they’re the least responsive to changes in market conditions. And it’s so far, so good.”That said, though it’s not the Fed’s go-to inflation gauge, Thursday’s CPI report showed that the road to 2% could come with more bumps.
Persons: , John Cochrane, Jerome Powell, Gregory Daco, That’s, Powell, Cochrane, , ” Paul Donovan, ” Powell, I’d, it’s Organizations: New, New York CNN, Hoover Institute, , University of Chicago, CNN, UBS Global Wealth Management Locations: New York, EY
New York CNN —It was the year of artificial intelligence, and no Big Tech company leaned into the trend like Microsoft. That’s why CNN Business’ staff chose Nadella as the CEO of the Year, beating out other contenders including Chase CEO Jamie Dimon, OpenAI CEO Sam Altman and Nvidia CEO Jensen Huang. “There’s no question 2023 was the year of AI,” Nadella told CNN in an emailed response. OpenAI CEO Sam Altman and Nadella shared the stage at OpenAI’s first developer conference to discuss their partnership. Nadella told CNN he indeed remains “focused” on empowering both people and organizations to achieve more, as it continues to make and deploy new products.
Persons: Satya Nadella, Nadella, Jamie Dimon, Sam Altman, Jensen Huang, , ” Nadella, Pfizer’s Albert Bourla, Taylor Swift, Gil Luria, DA Davidson, , OpenAI —, Justin Sullivan, OpenAI’s Altman, Altman, “ It’s, OpenAI, ” OpenAI, ” Luria, Greg Brockman, Luria, Fred Havemeyer, “ Mr, Brad Barket, Stuart Carlaw, Nadella’s, he’s, ” Carlaw, hasn’t, ” Takeshi Numoto, — CNN’s Allison Morrow Organizations: New, New York CNN, Big Tech, Windows, CNN Business ’, Chase, Nvidia, CNN, Fortune, Microsoft, Ivy League, University of Wisconsin -, University of Chicago Booth School of Business, ChatGPT, Google, Macquarie, ABI Research Locations: New York, Silicon Valley, Seattle , Washington, Valley, India, University of Wisconsin - Milwaukee, Instacart, OpenAI
For decades, Big Tech companies have avoided responsibility for anything posted on their platforms. Generative AI is about to end this prized legal protection. Meta, Google, Microsoft, Amazon and even Apple have spent the last year rushing to roll out generative AI tools and models to compete with OpenAI. Generative AI models and tools, however, are developed, owned and operated by Big Tech companies. Otherwise, by creating generative AI tools and providing the outputs, Chander sees few ways a tech company will be able to refute its role in generative AI content.
Persons: Meta, Bard, Mark Zuckerberg, what's, Aziz Huq, Anupam Chander, Chander, Huq, they've, Jason Schultz, It's, Schultz, " Shultz, Kali Hays Organizations: Big Tech, Google, Microsoft, Apple, Facebook, Business, Meta, University of Chicago's Law School, Georgetown Law, Institute, Rebooting Social Media, Harvard University, NYU Law, Technology Law, Policy Clinic, Twitter Locations: khays@insider.com, @hayskali
10 industry leaders transforming business in 2023
  + stars: | 2023-12-11 | by ( ) www.businessinsider.com   time to read: +20 min
In 2023, Business Insider's annual list of People Transforming Business highlights key players across the advertising, ESG, finance, AI, and labor sectors. Increasingly, they're turning to more opaque private credit markets to borrow money. The world of private credit sits outside the traditional banking system. Analysts expect the private credit market to balloon in size — likely keeping lawyers like Breen very busy. Muthukrishnan is trying to make sense of how risky these private credit loans are by overseeing what is so far the most comprehensive look at vulnerabilities in the industry.
Persons: Mira Murati, who's, Vince Toye, Eileen Fisher, Eileen Fisher Fisher, Guerin Blask, Eileen Fisher Eileen Fisher, she's, Fisher, Janelle Jones, Jones, Lexey, , She's, Justin Breen, Proskauer Breen, Proskauer Justin Breen, he's, Breen, Ares Capital, He's, McLaren, Julie Su, Labor Julie Su, Department of Labor Julie Su, Su, Marty Walsh, Murati, Jim Wilson, Neal Mohan, YouTube Mohan, Katie Thompson, YouTube It's, YouTube isn't, Mohan, Muthukrishnan, Satya Nadella, Microsoft Satya Nadella, Ben Kriemann, Nadella, Steve Ballmer, Mathias Döpfner, Axel Springer, Tim Cook, Apple Cook, Justin Sullivan, Cook, Steve Jobs, Jobs, JPMorgan Chase Toye, JPMorgan Chase, Toye, they'll, Vince Toye's, Bella Sayegh, Rebecca Ungarino, Lara O'Reilly, Juliana Kaplan, Alex Nicoll, Tim Paradis, Stephanie Hallett, Michelle Abrego, Josée Rose, Ryan Joe, Emily Canal, Kaja Whitehouse, Alyssa Powell, Davis, Jonann Brady Organizations: JPMorgan, Service Employees International, SEIU, New York, Ford, Service Employees International Union, United Auto Workers Union, Spelman College, US Department of Labor, Economic Policy Institute, Center for Economic, Research, Department of Labor, The New York Times, Ares, Churchill Asset Management, European, Atlético Madrid, Labor, Labor Department, MacArthur Foundation, New York Times, Dartmouth, OpenAI, Associated Press, YouTube, NFL, DirecTV, Federal, Microsoft, Manipal Institute of Technology, University of Wisconsin -, University of Chicago, Apple, Apple Watch, Google, Time, JPMorgan Chase, National Housing Trust, Trenton Almgren Locations: McDonald's, Lorain , Ohio, Atlanta, California, Los Angeles, Albania, Canada, Muthukrishnan, Hyderabad, India, University of Wisconsin - Milwaukee, OpenAI, Virginia, Wells Fargo, Trenton
Barring individual victims from pursuing their own lawsuits against the Sackler family “raises serious constitutional questions,” the department argued. OxyContin’s commercial success helped the Sackler family earn billions of dollars and the family became known for philanthropy around the world. As the country’s opioid crisis worsened, attention shifted to the role played by Purdue Pharma and the Sackler family. Many of the suits allege that the Sackler family knew of OxyContin’s addictive properties but, nevertheless, continued to promote the drug. The Supreme Court hearing comes at a time of devastating losses due to drug overdoses in the US.
Persons: Los Angeles CNN —, Sackler, Mortimer, Raymond Sackler, , George Frey, Elizabeth Prelogar, ” Anthony Casey, ­, ­ –, Purdue Frederick, ” Lindsey Simon, Organizations: Los Angeles CNN, Purdue, New, US, US Justice Department, Purdue Pharma, Supreme, Knoa Pharma, Purdue Pharma L.P, Bloomberg, Sackler, , University of Chicago, school’s, Law, Finance, Guggenheim, Centers for Disease Control, , Emory University Locations: New York, Purdue, Provo , Utah, U.S, United States, Paris
For years, Purdue Pharma, the maker of the prescription painkiller OxyContin, had been entangled in lawsuits seeking to hold it to account for its role in the spiraling opioid crisis. A pathbreaking settlement reached last year appeared to signal the end to thousands of those cases, funneling billions of dollars toward fighting the epidemic in exchange for exempting members of the billionaire Sackler family, which once controlled the company, from civil lawsuits. But on Monday, the Supreme Court will hear arguments over whether the agreement is a violation of federal law in a case that could have ramifications not just for Purdue but also for organizations that turn to bankruptcy court, as the company did, to resolve claims of mass injury. “There’s huge implications for all of corporate bankruptcy,” said Anthony J. Casey, a law professor at the University of Chicago. “I think this is probably the most important bankruptcy case before the court in 30, maybe 40 years.”
Persons: Sackler, , , Anthony J, Casey Organizations: Purdue Pharma, Purdue, University of Chicago
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