OxyContin maker to plead guilty, pay $8 billion, close the company – CNN

New York (CNN Business)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. The money will go to opioid treatment and abatement programs. The privately held company has …

YouTube banning anyone who questions the ‘official narrative’

(Reuters) - YouTube, the video service of Google parent Alphabet Inc, said on Thursday it was banning content that targets an individual or a group using conspiracy theories such as QAnon or pizzagate that have “been used to justify real-world violence.” The company said in a blog post it would begin enforcing these expanded hate …

TV news networks will benefit from the U.S. election ‘chaos’ | Reuters

With few sporting events and a captive audience due to the COVID-19 pandemic, a drawn-out, nail-biter of an election could appeal to marketers like the finance, technology, retail, social media and entertainment companies that have bought debate and election night ads. At least two networks, Fox Corp’s Fox News and Comcast Corp’s NBC, are expecting …

Seagram’s liquor heiress gets six years for role in NXIVM trafficking ring | Reuters

Seagram's liquor heiress Clare Bronfman was sentenced to more than six years in prison on Wednesday for her role in a New York self-help organization that federal prosecutors say engaged in forced labor, extortion and sex trafficking. Bronfman, 41, pleaded guilty in April 2019 to two felony counts in connection to her involvement with Albany-based …

Goldman Sachs to pay Malaysia $3.9 billion over its involvement in a scandal – Reuters

Goldman Sachs shares rose 0.68% in New York morning trading on the Malaysia news and signals the U.S. Department of Justice could be near closing a similar probe. A spokesman for the Justice Department declined to comment.“We view this as positive as GS is closer to removing a key overhang for investors, and this provides …

Twitter bans 7,000 QAnon accounts and free speech

Twitter announced on Tuesday it has begun taking sweeping actions to limit the reach of QAnon content and banned many of the conspiracy theory's followers due to ongoing problems with harassment and the dissemination of misinformation. Twitter will stop recommending accounts and content related to QAnon, including in email, push, and follow recommendations and will …

The Panama Papers Investigation Bites Deutsche Bank – Forbes

Deutsche Bank's reputation is already toxic. Now it has been hit by revelations from the Panama Papers investigation. What does this mean for its future? The German federal prosecutor said that two Deutsche Bank employees may have been helping clients to set up offshore companies to launder money. Diverting money through offshore companies is not …