McKinsey to pay 650 million over opioid work
McKinsey & Company will pay 650 million to settle a federal probe over its role aiding Purdue Pharma in boosting OxyContin sales. The deal avoids criminal charges if conditions are met for five years, while former partner Martin Elling pleads guilty to obstruction of justice for deleting documents.
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Seafood industry hopes and fears as Trump plans loom
Sea food sellers view the incoming Trump administration as a potential ally for fishing interests while analysts warn trade hostilities with Canada and China could raise prices. Conservationists fear deregulation may threaten stressed stocks. industry voices expect a shift away from Biden era emphasis on ocean conservation and wind power. Canada, a key market for U S lobster and other seafood, could face a 25 percent tariff, risking prices and availability. Industry groups anticipate fishermen gaining a seat at the table in high level decisions amid changes to protection areas like Northeast Canyons and Sea Mounts.
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Mixed stock close ends bumpy week on Wall Street
Wall Street finished mixed after a volatile week with the S&P 500 essentially flat at 6051.09, the Dow slipping 0.2 percent to 43828.06, and the Nasdaq up 0.1 percent to 19926.72. Broadcom jumped 24.4 percent on strong results and AI growth outlook, offsetting declines in Nvidia, Meta, and Alphabet.
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