The family that owns OxyContin maker Purdue Pharma used Swiss bank accounts to conceal the transfer of millions of dollars from the company to themselves, New York state’s attorney general contends in court papers filed Friday. 7:10 p.m.
The Food and Drug Administration said Friday that it had detected low levels of a cancer-causing contaminant in samples of heartburn medicines containing the drug commonly known as Zantac. It was advising patients who take over-the-counter versions to consider switching to a different medication. 7:04 p.m.
Pacific Gas & Electric has agreed to pay $11 billion to a group of insurance companies representing claimants from deadly Northern California wildfires in 2017 and 2018 as the company tries to emerge from bankruptcy, the utility announced Friday. 5:32 p.m.
London officials said in a letter to the Hong Kong Stock Exchange that they had fundamental concerns about the proposal, adding that the Hong Kong exchange’s relationship with the territorial government there would “complicate matters.” 5:25 p.m.