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US halts $1.8bn fund for victims of alleged government 'weaponisation'
Urgent
Politics·6/1/2026AI summary

US halts $1.8bn fund for victims of alleged government 'weaponisation'

A US$1.8 billion fund established by President Donald Trump to compensate victims of alleged government "weaponisation" has been put on hold by federal judges in Virginia and Florida. The fund, intended to address claims of government abuse, faced legal challenges and political backlash, including concerns that individuals involved in the January 6 Capitol attack could benefit. The Justice Department stated it disagrees with the ruling but will comply with the court's order.

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SCMP Economy
Purdue Pharma to Be Dissolved Under $50B+ Opioid Settlement
Developing
Business·4/30/2026AI summary

Purdue Pharma to Be Dissolved Under $50B+ Opioid Settlement

Purdue Pharma, maker of OxyContin, is set to be dissolved and replaced by Knoa Pharma by week's end as a sweeping $50bn+ settlement resolving thousands of opioid lawsuits takes effect. A federal judge delivered the final criminal sentence Tuesday, clearing the way for the deal. The Sackler family, which owns Purdue, will pay up to $7bn over 15 years. The settlement comes as the opioid crisis has been linked to more than 900,000 US deaths since 1999. Many victims expressed frustration, arguing the sentence provides no real justice for individuals.

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Guardian Business