Morgan Stanley’s chief strategist thinks investors are in for a bumpy ride after they realize there’s no more Fed rate cut ‘heroin’

With inflation falling from its 40-year high in June, investors are betting the Federal Reserve will end its interest rate hiking cycle and “pivot” to rate cuts this year, juicing markets like they di...

White House Announces $1.5 Billion For Worsening Opioid Crisis

Topline The White House on Friday announced $1.5 billion in funding to tackle the nation’s opioid epidemic, a major public health crisis that reached record levels during the Covid-19 pandemic, exacts...

CVS, Walgreens and Walmart Ordered to Pay $650 Million to Ohio Counties in Opioid Case

A federal judge in Ohio has ordered the companies owning CVS, Walgreens and Walmart pharmacies to pay $650 million over 15 years to two Ohio counties after a jury found them liable for contributing to...

Drugmaker Endo Says Bankruptcy Likely Imminent

Endo International PLC, a pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently. The...

‘Like Coming Off Heroin’: How Bad Will This Bitcoin Bear Market Get?

In brief Cryptocurrencies have been closely correlated with U.S. equities. Prices are expected to keep trending downward. Crypto Winter is no longer coming—it’s here. A bear market. But just how bad w...