Purdue opioid settlement nears approval amid wide support
A looming plan to settle thousands of opioid lawsuits could move forward as all states except Oklahoma back the deal. The plan would require local governments and victims to vote by Sept. 30, with up to 7 billion from Sackler family members over 15 years to fund anti addiction efforts and compensation.
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Amazon Eyes Hayward Robotaxi Plant to Challenge Waymo
Amazon plans a 220,000 square foot Hayward facility to produce up to 10,000 Zoox robotaxis annually, aiming to expand from Las Vegas to San Francisco and beyond. Zoox projects three per hour next year, reaching 10,000 by 2027, with half parts imported. Waymo expands to Atlanta, Miami, and New York testing, while Tesla eyeing its own robo taxi rollout amid safety delays.
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Fed Leaves Key Rate Unchanged Amid Inflation Outlook
Federal Reserve holds the target rate for a fourth straight meeting while signaling inflation may rise this year. Projections show slower growth, higher prices, and unemployment edging up to 4.5 percent as tariffs loom. Powell notes holds until tariff impact is clearer.
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Stocks barely move as Fed hints rate cuts possible
U S stocks finish mixed after the Fed projects two rate cuts by year end 2025. The S P 500 barely changes while the Dow dips about 0 1 percent and the Nasdaq nudges higher. Oil swings as traders weigh inflation risks from tariffs and energy costs.
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Market In Review Highlights Exemptions In Asset Values
A brief note in The Market In Review discusses stock market indexes and exemptions affecting asset valuations. The report outlines how certain securities may be treated for tax or regulatory purposes and the potential impact on portfolio assessments and reporting.
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