Wednesday, October 21, 2020

OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company

Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company.
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OxyContin maker to plead guilty to federal criminal charges, pay $8 billion, and will close the company
Purdue Pharma, the maker of OxyContin, has agreed to plead guilty to three federal criminal charges for its role in creating the nation's opioid crisis and will pay more than $8 billion and close down the company. Read more »
 
Warning to Wall Street: SPACs may be out of control
Reverse mergers were long reserved to the backwaters of Wall Street. Today, they've become the hottest way to go public. Read more »
 
It's time for investors to move beyond Big Tech
Big Tech companies have been the hottest stocks on Wall Street all year, pre- and post-pandemic. But some experts think it's time for a new crop of dynamic up-and-comers in fields like virtual reality and health tech to take center stage in your portfolio. Read more »
 
Wall Street could call the 2020 election before the media does
With an unprecedented number of mail-in ballots to count, news organizations will probably exercise extreme caution before declaring a winner on the night of the election. Wall Street, on the other hand, isn't known for its patience. Read more »
 
Bitcoin surges after Paypal jumps into the cryptocurrency business
PayPal is launching its own cryptocurrency service, allowing people to buy, hold and sell digital currency on its site and applications. Read more »
 
Whole Foods will now get your groceries ready for pickup in one hour
Amazon is expanding one-hour grocery pickup across all of its nearly 500 Whole Foods stores in the United States. Read more »
 
 
 
 
Dow Nasdaq S&P
-97.97   -31.80   -7.56
28,210.82   11,484.69   3,435.56
-0.35%   -0.28%   -0.22%
YTD -1.15%   YTD +28.00%   YTD +6.34%
 
Biggest Winners
Twitter Inc +8.39%
 
Chubb Ltd +7.48%
 
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Biggest Losers
Pioneer Natural Resources Co -6.09%
 
Concho Resources Inc -6.01%
 
ConocoPhillips -5.95%
 
KeyCorp -5.05%
Hottest ETF
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NYSE Market Volume
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10-yr 0.82% +0.02
Euro $1.19 +0.00 / +0.27%
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