1) From ABC news, I am Daria Albinger. A chapter in the nation’s opioid crisis has been closed. A pharmaceutical giant, many say, with the center of it, has learned today that its $10 billion bankruptcy reorganization plan has been approved; “With the judge’s approval, Purdue Pharma will cease to exist; its asserts transferred to a new public benefit cooperation that’s task with combatting in opioids epidemic. The company’s been accused of accelerating through aggressive and misleading marketing of Oxycontin. The plan includes a contribution of roughly $4.5 billion from members of the Sackler families, even though they have denied wrong-doing or liability in exchange their immune from opioids lawsuits and admit no wrong-doing in a crisis that has afflicted hundreds of thousands of Americans. Aaron Katersky, ABC News, New York.”
2) The Louisiana is beginning to recover from Hurricane Ida. “We start to see the lights come back on, in some places.” Governor John Bel Edwards says more than 11,000 homes and businesses had power restored today, but a million in Louisiana and Mississippi are still without power. Edwards also says gas and diesel are in short supply.
3) Praise for US service members who helped evacuate more than 120,000 people from Afghanistan over the last two weeks. “The Pentagon’s saying that even though the troops are out, the challenge isn’t over; ‘Continue our counter terrorism efforts, continue our military efforts to protect the American people for the next 20 years’; Joint Chief of Staff Chairman General Mark Milley saying the US is able and ready to attack terror groups inside Afghanistan by air. Andy Field, ABC News, Washington.”
4) A student is dead and another is on the run after a school shooting in Mount Tabor, North Carolina. Winston-Salem Police say the suspect has not yet been apprehended. It was the second school shooting this week in the state.
5) Stocks closed mixed, the Dow down slightly, the S&P 500 unchanged, and the Nasdaq at a new high. You’re listening to ABC News.
6-1) I am Charles Payne, and this is the Fox
Business report.
“Stocks kicking off the first day of trading of the month, mixed on weaker than expected private payrolls data, but the Nasdaq notched a new record close its 33rd for the year. The Dow falling 48 points, the Nasdaq up 50, S&P 500 up a point. The private sector added 374,000 jobs in August, well below estimates. The broader jobs report from the Labor Department comes out on Friday.
6-2) And Amazon stock finished slightly higher. The e-commerce giant said it’s looking to hire about 55,000 people globally among its corporate and technology ranks including 40,000 in the US during a recruiting event this month. Amazon is continuing a hiring spree that began at the start of the pandemic.
6-3) And
shares of Workhorse tumbled 7%, following news that financial regulators have
opened an investigation into the electric delivery truck company.
That’s your Fox Business report, I am Hilarie Barsky,
invested in you.”
