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Heviot
Heviot
·
2021-07-29
alrihjt
Palantir Could Be Ready For Its Next Breakout
As Palantir turns growth into income, PLTR stock is likely to start a new bull leg up
Palantir Could Be Ready For Its Next Breakout
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Heviot
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2021-07-29
$Tesla Motors(TSLA)$
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Heviot
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2021-07-29
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2021-07-24
$GENTING SINGAPORE LIMITED(G13.SI)$
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Heviot
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2021-07-22
Tell me your opinion about this news...
States Announce $26 Billion Settlement to Resolve Opioid Lawsuits
States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid
States Announce $26 Billion Settlement to Resolve Opioid Lawsuits
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Following itsmarket debuton Sept, 30, the shares hit a record high of $45 on Jan. 27. PLTR stock is currently at $22.50, around 50% off its peak.</p>\n<p>Understandably, investors have been concerned with the recent rapid decline in price. Many believe the company has visionary leadership and powerful secular growth trends. Its proprietary technology for predictive analytics has brought growth in customer numbers.</p>\n<p>Yet, the price action has been volatile. If you are a buy-and-hold investor, you could consider the current levels as an opportunity to go long.</p>\n<p>Here’s why.</p>\n<p><b>PLTR Stock Is A Growth Name</b></p>\n<p>Denver-based Palantir was founded in 2003 by Peter Thiel, the co-founder of <b>PayPal</b>(NASDAQ:<b><u>PYPL</u></b>), to provide solutions for managing and securing data at massive scales. The company builds and deploys two main software platforms.</p>\n<p>The first one is Palantir Gotham, which focuses on the government intelligence and defense agencies. The other is Palantir Foundry, which is used by leading companies from energy, transportation, financial services and health care sectors. Additionally, it offers Palantir Apollo, the continuous delivery software that powers SaaS platforms, Foundry and Gotham, in the public cloud.</p>\n<p>Since its early days, Palantir has been considered a controversial company, mainly due to agreements initially made with government agenciessuch as the CIA. Yet, its recent contracts showed the company could easily expand into broader commercial markets. In the last four quarters, Palantir increased the number of its customers from 125 to 149.</p>\n<p>The group had previously made data management agreements with several big companies such as <b>Scuderia Ferrari</b>,<b>Airbus</b>(OTCMKTS:<b><u>EADSY</u></b>),<b>Rio Tinto</b>(NYSE:<b><u>RIO</u></b>), and <b>IBM</b> (NYSE:<b><u>IBM</u></b>). Most recently Foundry for Builders was launched to support the growth of early-stage companies including startups <b>Chapter</b>,<b>Hence AI</b>,<b>Adyton</b> and <b>Gecko Robotics</b>. Moreover,it beganaccepting <b>Bitcoin</b>(CCC:<b><u>BTC-USD</u></b>) as payment and may also invest in the cryptocurrency.</p>\n<p>Management also highlights it offers services for humanitarian purposes, such as the World Food Program meand combating Covid-19.In late 2020 and early 2021, Palantir cooperated with the Greek government and England’s National Health Service to improve their response to the pandemic. In June, PLTR was named by <b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>) as a 2021 Global AWS Partner Network (APN) Public Sector Partner Award winner in its work to fight against Covid-19.</p>\n<p><b>How Recent Earnings Came</b></p>\n<p>According to Q1 2021 financials of Palantir, which were released on May 11, revenues totaled $341 million, growing 49% year-over-year. The net loss was $123.5 million compared to a loss of $54.3 million a year ago. Adjusted diluted EPS was 4 cents versus a loss per share of 1 cent same quarter prior year. Cash flow from operations stood at $117 million and adjusted free cash flow was $151 million, up 44%.</p>\n<p>Palantir has proven its sustainability and potential for higher growth.Only in the last couple of months, PLTR won a $111 million contract from the U.S. Special Operations Command. It also expanded its Space Force partnership with a new $32.5 million contract and made a $7.4 million contract renewal with the U.S. Centers for Disease Control and Prevention.</p>\n<p>The Federal Aviation Administration contracted the company for support in aircraft certification and continued operational safety. Finally, management teamed up with <b>DataRobot</b> to develop AI demand forecasting solutions.</p>\n<p>So far this year,PLTRshares are down 4%. The company’sconsensus forward price-earnings (P/E) ratiois 166x. The stock trades at 33x its current sales. And its price-to-book (P/B) ratio stands at 22x. These ratios imply a rich valuation. Currently, 12-month price targets for the shares range from $17 to $30.</p>\n<p><b>Bottom Line on PLTR Stock</b></p>\n<p>PLTR is a growth stock and the recentfinancials showed it could soon turn into a profitable company. Management will release second quarter financial results on Aug. 10. Wall Street will want to see growth, both in revenue and number of customers.</p>\n<p>If Palantir is on right track, then investors are likely to hit the “buy” button. But if the Street has concerns over the metrics, then it could be another volatile August for PLTR stock. Long-term investors could consider buying the dips, especially toward $20, and remain long-term regardless of daily fluctuations.</p>\n<p>Finally, investors who want to hedge their bets could also consider an exchange-traded fund that holds PLTR stock in their portfolio. Examples include the <b>ARK Next Generation Internet ETF</b>(NYSEARCA:<b><u>ARKW</u></b>), the <b>FlexShares Morningstar US Market Factors Tilt Index Fund</b>(CBOE:<b><u>TILT</u></b>), the <b>Renaissance IPO ETF</b>(NYSEARCA:<b><u>IPO</u></b>), the <b>VanEck Vectors Social Sentiment ETF</b>(NYSEARCA:<b><u>BUZZ</u></b>), and the <b>Vanguard Growth ETF</b>(NYSEARCA:<b><u>VUG</u></b>).</p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Palantir Could Be Ready For Its Next Breakout</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPalantir Could Be Ready For Its Next Breakout\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 21:03 GMT+8 <a href=https://investorplace.com/2021/07/pltr-stock-could-be-ready-for-its-next-breakout/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Data-mining and analytics group Palantir Technologies(NYSE:PLTR) has been on the radar of growth investors. Following itsmarket debuton Sept, 30, the shares hit a record high of $45 on Jan. 27. PLTR ...</p>\n\n<a href=\"https://investorplace.com/2021/07/pltr-stock-could-be-ready-for-its-next-breakout/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PLTR":"Palantir Technologies Inc."},"source_url":"https://investorplace.com/2021/07/pltr-stock-could-be-ready-for-its-next-breakout/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143651896","content_text":"Data-mining and analytics group Palantir Technologies(NYSE:PLTR) has been on the radar of growth investors. Following itsmarket debuton Sept, 30, the shares hit a record high of $45 on Jan. 27. PLTR stock is currently at $22.50, around 50% off its peak.\nUnderstandably, investors have been concerned with the recent rapid decline in price. Many believe the company has visionary leadership and powerful secular growth trends. Its proprietary technology for predictive analytics has brought growth in customer numbers.\nYet, the price action has been volatile. If you are a buy-and-hold investor, you could consider the current levels as an opportunity to go long.\nHere’s why.\nPLTR Stock Is A Growth Name\nDenver-based Palantir was founded in 2003 by Peter Thiel, the co-founder of PayPal(NASDAQ:PYPL), to provide solutions for managing and securing data at massive scales. The company builds and deploys two main software platforms.\nThe first one is Palantir Gotham, which focuses on the government intelligence and defense agencies. The other is Palantir Foundry, which is used by leading companies from energy, transportation, financial services and health care sectors. Additionally, it offers Palantir Apollo, the continuous delivery software that powers SaaS platforms, Foundry and Gotham, in the public cloud.\nSince its early days, Palantir has been considered a controversial company, mainly due to agreements initially made with government agenciessuch as the CIA. Yet, its recent contracts showed the company could easily expand into broader commercial markets. In the last four quarters, Palantir increased the number of its customers from 125 to 149.\nThe group had previously made data management agreements with several big companies such as Scuderia Ferrari,Airbus(OTCMKTS:EADSY),Rio Tinto(NYSE:RIO), and IBM (NYSE:IBM). Most recently Foundry for Builders was launched to support the growth of early-stage companies including startups Chapter,Hence AI,Adyton and Gecko Robotics. Moreover,it beganaccepting Bitcoin(CCC:BTC-USD) as payment and may also invest in the cryptocurrency.\nManagement also highlights it offers services for humanitarian purposes, such as the World Food Program meand combating Covid-19.In late 2020 and early 2021, Palantir cooperated with the Greek government and England’s National Health Service to improve their response to the pandemic. In June, PLTR was named by Amazon(NASDAQ:AMZN) as a 2021 Global AWS Partner Network (APN) Public Sector Partner Award winner in its work to fight against Covid-19.\nHow Recent Earnings Came\nAccording to Q1 2021 financials of Palantir, which were released on May 11, revenues totaled $341 million, growing 49% year-over-year. The net loss was $123.5 million compared to a loss of $54.3 million a year ago. Adjusted diluted EPS was 4 cents versus a loss per share of 1 cent same quarter prior year. Cash flow from operations stood at $117 million and adjusted free cash flow was $151 million, up 44%.\nPalantir has proven its sustainability and potential for higher growth.Only in the last couple of months, PLTR won a $111 million contract from the U.S. Special Operations Command. It also expanded its Space Force partnership with a new $32.5 million contract and made a $7.4 million contract renewal with the U.S. Centers for Disease Control and Prevention.\nThe Federal Aviation Administration contracted the company for support in aircraft certification and continued operational safety. Finally, management teamed up with DataRobot to develop AI demand forecasting solutions.\nSo far this year,PLTRshares are down 4%. The company’sconsensus forward price-earnings (P/E) ratiois 166x. The stock trades at 33x its current sales. And its price-to-book (P/B) ratio stands at 22x. These ratios imply a rich valuation. Currently, 12-month price targets for the shares range from $17 to $30.\nBottom Line on PLTR Stock\nPLTR is a growth stock and the recentfinancials showed it could soon turn into a profitable company. Management will release second quarter financial results on Aug. 10. Wall Street will want to see growth, both in revenue and number of customers.\nIf Palantir is on right track, then investors are likely to hit the “buy” button. But if the Street has concerns over the metrics, then it could be another volatile August for PLTR stock. Long-term investors could consider buying the dips, especially toward $20, and remain long-term regardless of daily fluctuations.\nFinally, investors who want to hedge their bets could also consider an exchange-traded fund that holds PLTR stock in their portfolio. Examples include the ARK Next Generation Internet ETF(NYSEARCA:ARKW), the FlexShares Morningstar US Market Factors Tilt Index Fund(CBOE:TILT), the Renaissance IPO ETF(NYSEARCA:IPO), the VanEck Vectors Social Sentiment ETF(NYSEARCA:BUZZ), and the Vanguard Growth ETF(NYSEARCA:VUG).","news_type":1},"isVote":1,"tweetType":1,"viewCount":908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808897062,"gmtCreate":1627567806356,"gmtModify":1633763717051,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>jrk","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>jrk","text":"$Tesla Motors(TSLA)$jrk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808897062","isVote":1,"tweetType":1,"viewCount":634,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":808892899,"gmtCreate":1627567717011,"gmtModify":1633763718627,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/808892899","repostId":"1165497040","repostType":4,"isVote":1,"tweetType":1,"viewCount":688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174790732,"gmtCreate":1627135898426,"gmtModify":1631884042296,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/G13.SI\">$GENTING SINGAPORE LIMITED(G13.SI)$</a>jdjd","listText":"<a href=\"https://laohu8.com/S/G13.SI\">$GENTING SINGAPORE LIMITED(G13.SI)$</a>jdjd","text":"$GENTING SINGAPORE LIMITED(G13.SI)$jdjd","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/174790732","isVote":1,"tweetType":1,"viewCount":509,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174707474,"gmtCreate":1627135775798,"gmtModify":1633767715776,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/174707474","repostId":"1109439356","repostType":4,"isVote":1,"tweetType":1,"viewCount":494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172963949,"gmtCreate":1626927792781,"gmtModify":1633769638186,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/172963949","repostId":"1175204168","repostType":4,"repost":{"id":"1175204168","kind":"news","pubTimestamp":1626924650,"share":"https://www.laohu8.com/m/news/1175204168?lang=&edition=full","pubTime":"2021-07-22 11:30","market":"us","language":"en","title":"States Announce $26 Billion Settlement to Resolve Opioid Lawsuits","url":"https://stock-news.laohu8.com/highlight/detail?id=1175204168","media":"WSJ","summary":"States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid","content":"<p>States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to address an epidemic in painkiller addiction that hasn’t abated.</p>\n<p>The nation’s three largest drug distributors—McKesson Corp.,AmerisourceBergen Corp., and Cardinal HealthInc.—and drugmaker Johnson & Johnson have been negotiating the deal for more than two years, but Wednesday’s announcement signifies an important milestone that could clear the way for money to be received by states as soon as early next year.</p>\n<p>States can’t use the money to fill general budget holes, as they did after a $206 billion deal with tobacco companies in the 1990s. Instead, the majority must be spent on social services to address the harms of opioid addiction, like treatment programs, education on how to dispose of pills and needles, and bolstered funds for first responders. One community may use it to help a large problem of addiction in the homeless population, while another may be more focused on opioid-addicted babies.</p>\n<p>“It won’t be used to fill potholes, or build libraries, or balance budgets,” said Paul Geller, a plaintiffs’ lawyer representing several cities and counties involved in the deal.</p>\n<p>Individuals and families who have been affected by opioid abuse won’t receive any money directly.</p>\n<p>An opioid crisis that has claimed half a million lives in the U.S. has triggered more than 3,000 lawsuits filed by states, local governments, Native American tribes, hospital groups and others against players in the pharmaceutical industry. The lawsuits allege drugmakers pushed their painkillers for uses far beyond what was medically necessary and that distributors and pharmacies didn’t do enough to halt masses of pills from flowing into communities.</p>\n<p>Drug addiction got worse during the pandemic,with opioid overdose deaths up about 37%in 2020 from the prior year, according to government data.</p>\n<p>The companies pushed back, saying they made and distributed a medically necessary and federally regulated product. But at the same time, the burdens of litigation—like turning over millions of internal documents, making employees available for depositions, and preparing for complex trials that could air embarrassing details—has sent many of the companies to the negotiating table.</p>\n<p>The attorneys general from Tennessee, North Carolina, Pennsylvania, New York, Louisiana, Delaware and Connecticut jointly announced the completed deal Wednesday, which had beenrumored earlier this week.</p>\n<p>“There’s not enough money in the world frankly to address the pain and the suffering and the tragedy of the families all of us know in our states,” Connecticut Attorney General William Tong said.</p>\n<p>The broad terms call for the three distributors to pay up to $21 billion collectively over a period of 18 years, and for Johnson & Johnson to contribute $5 billion over nine years. The amounts could decrease if not enough states sign on, and the companies can still walk away if they decide the level of participation doesn’t buy them the global peace they are seeking to put the lawsuits behind them.</p>\n<p>McKesson, AmerisourceBergen and Cardinal said in a joint statement that they dispute the allegations against them but believe the deal is an important step toward resolving the claims and “delivering meaningful relief to communities across the United States.”</p>\n<p>Johnson & Johnson’s general counsel, Michael Ullmann, said, “We recognize the opioid crisis is a tremendously complex public health issue,” adding that the funds will help address the problem.</p>\n<p>Shares for the four companies rose this week after news reports, including from The Wall Street Journal, that the settlement was expected to come this week. Analysts said the development was positive, although investors likely baked the settlement amount into stock prices since the amounts have been known, and noted that the wholesalers have reserved cash to make the payments.</p>\n<p>However, some analysts said companies that didn’t reach settlements this week, such as Teva Pharmaceutical Industries Ltd., still face a risk because it is unclear when they may resolve the litigation and, potentially, what it would cost them.</p>\n<p>Completing the deal took thousands of hours of negotiations between private plaintiffs’ lawyers representing communities, state attorneys general, and lawyers for the four companies. Frequent in-person meetings gave way to nightly Zoom calls held for months during the pandemic.</p>\n<p>The final details came together as opioid lawsuits went to trial in three states, putting pressure on both sides. Jurors in New York sawjoking emails that employeesat one distributor sent about addicts, including one that circulated a song about “Pillbillies” set to the theme of “The Beverly Hillbillies.”</p>\n<p>The settlements, if completed, would resolve the opioid lawsuits for these four companies, but several other targets remain. Trials are under way in California and New York against drugmakersTeva PharmaceuticalLtd.,AbbVieInc.’sAllergan, andEndo InternationalPLC. National pharmacy chains have also been named in hundreds of suits and are scheduled to go to trial in October. Two other companies that were targets of the suits, including OxyContin-maker Purdue Pharma LP, filed for bankruptcy to handle the liability and are negotiating their own settlements with states.</p>\n<p>The deal terms give states 30 days to join or reject the settlement. If the companies decide enough states are participating, local governments will have another few months to lend support. The amount a state ultimately receives hinges largely on recruiting its municipalities to join.</p>\n<p>If a state government opts out, then its counties or cities won’t be able to access the money.</p>\n<p>Attorney General Bob Ferguson of Washington state said he is rejecting the settlement because the $30 million a year that could flow to the state isn’t the “transformative amount of money” needed to deal with the devastation from the opioid crisis. The state has upcoming trial dates against the four companies, and Mr. Ferguson said he plans to go forward.</p>\n<p>The percentage of the $26 billion allocated to each state is based on the population and the impact of opioid addiction in each region.</p>\n<p>Beyond the money involved, the distributors have agreed to create a clearinghouse intended to help the companies better spot suspicious drug orders. For the first time, AmerisourceBergen, Cardinal and McKesson would be able to see where their competitors are sending pills, which the architects of the deal say would better enable them to spot pharmacies from which drugs are being diverted for illegal uses.</p>\n<p>“This settlement…puts in place controls that will go a long way to making sure this never happens again,” Pennsylvania Attorney General Josh Shapiro said.</p>\n<p>Johnson & Johnson, which used to provide a raw ingredient used in painkillers to other companies and stopped selling its own handful of opioid painkillers in the U.S. last year, agreed to stay out of the opioid business for the next decade.</p>\n<p>Just over $2 billion of the overall amount will go toward attorney fees and expenses, the majority of that to private plaintiffs’ lawyers who represented thousands of cities and counties and some states.</p>\n<p>Gary Wellendorf of Youngstown, Ohio, who used or abused opioids for 40 years and lost his wife to an overdose, said he hopes some of the money can be spent on making treatment programs available for those who can’t afford it.</p>\n<p>“It’s a split-second decision to get help,” said Mr. Wellendorf, who is 63 years old, adding that few options are available without insurance or funding.</p>\n<p>If veterans’ benefits hadn’t picked up the cost of his addiction treatment a few years ago, he said, “I’d probably be dead.”</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>States Announce $26 Billion Settlement to Resolve Opioid Lawsuits</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStates Announce $26 Billion Settlement to Resolve Opioid Lawsuits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-22 11:30 GMT+8 <a href=https://www.wsj.com/articles/states-announce-26-billion-settlement-to-resolve-opioid-lawsuits-11626890613?mod=business_lead_pos1><strong>WSJ</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to ...</p>\n\n<a href=\"https://www.wsj.com/articles/states-announce-26-billion-settlement-to-resolve-opioid-lawsuits-11626890613?mod=business_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AGN":"艾尔建","TEVA":"梯瓦制药","JNJ":"强生","ABBV":"艾伯维公司"},"source_url":"https://www.wsj.com/articles/states-announce-26-billion-settlement-to-resolve-opioid-lawsuits-11626890613?mod=business_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175204168","content_text":"States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to address an epidemic in painkiller addiction that hasn’t abated.\nThe nation’s three largest drug distributors—McKesson Corp.,AmerisourceBergen Corp., and Cardinal HealthInc.—and drugmaker Johnson & Johnson have been negotiating the deal for more than two years, but Wednesday’s announcement signifies an important milestone that could clear the way for money to be received by states as soon as early next year.\nStates can’t use the money to fill general budget holes, as they did after a $206 billion deal with tobacco companies in the 1990s. Instead, the majority must be spent on social services to address the harms of opioid addiction, like treatment programs, education on how to dispose of pills and needles, and bolstered funds for first responders. One community may use it to help a large problem of addiction in the homeless population, while another may be more focused on opioid-addicted babies.\n“It won’t be used to fill potholes, or build libraries, or balance budgets,” said Paul Geller, a plaintiffs’ lawyer representing several cities and counties involved in the deal.\nIndividuals and families who have been affected by opioid abuse won’t receive any money directly.\nAn opioid crisis that has claimed half a million lives in the U.S. has triggered more than 3,000 lawsuits filed by states, local governments, Native American tribes, hospital groups and others against players in the pharmaceutical industry. The lawsuits allege drugmakers pushed their painkillers for uses far beyond what was medically necessary and that distributors and pharmacies didn’t do enough to halt masses of pills from flowing into communities.\nDrug addiction got worse during the pandemic,with opioid overdose deaths up about 37%in 2020 from the prior year, according to government data.\nThe companies pushed back, saying they made and distributed a medically necessary and federally regulated product. But at the same time, the burdens of litigation—like turning over millions of internal documents, making employees available for depositions, and preparing for complex trials that could air embarrassing details—has sent many of the companies to the negotiating table.\nThe attorneys general from Tennessee, North Carolina, Pennsylvania, New York, Louisiana, Delaware and Connecticut jointly announced the completed deal Wednesday, which had beenrumored earlier this week.\n“There’s not enough money in the world frankly to address the pain and the suffering and the tragedy of the families all of us know in our states,” Connecticut Attorney General William Tong said.\nThe broad terms call for the three distributors to pay up to $21 billion collectively over a period of 18 years, and for Johnson & Johnson to contribute $5 billion over nine years. The amounts could decrease if not enough states sign on, and the companies can still walk away if they decide the level of participation doesn’t buy them the global peace they are seeking to put the lawsuits behind them.\nMcKesson, AmerisourceBergen and Cardinal said in a joint statement that they dispute the allegations against them but believe the deal is an important step toward resolving the claims and “delivering meaningful relief to communities across the United States.”\nJohnson & Johnson’s general counsel, Michael Ullmann, said, “We recognize the opioid crisis is a tremendously complex public health issue,” adding that the funds will help address the problem.\nShares for the four companies rose this week after news reports, including from The Wall Street Journal, that the settlement was expected to come this week. Analysts said the development was positive, although investors likely baked the settlement amount into stock prices since the amounts have been known, and noted that the wholesalers have reserved cash to make the payments.\nHowever, some analysts said companies that didn’t reach settlements this week, such as Teva Pharmaceutical Industries Ltd., still face a risk because it is unclear when they may resolve the litigation and, potentially, what it would cost them.\nCompleting the deal took thousands of hours of negotiations between private plaintiffs’ lawyers representing communities, state attorneys general, and lawyers for the four companies. Frequent in-person meetings gave way to nightly Zoom calls held for months during the pandemic.\nThe final details came together as opioid lawsuits went to trial in three states, putting pressure on both sides. Jurors in New York sawjoking emails that employeesat one distributor sent about addicts, including one that circulated a song about “Pillbillies” set to the theme of “The Beverly Hillbillies.”\nThe settlements, if completed, would resolve the opioid lawsuits for these four companies, but several other targets remain. Trials are under way in California and New York against drugmakersTeva PharmaceuticalLtd.,AbbVieInc.’sAllergan, andEndo InternationalPLC. National pharmacy chains have also been named in hundreds of suits and are scheduled to go to trial in October. Two other companies that were targets of the suits, including OxyContin-maker Purdue Pharma LP, filed for bankruptcy to handle the liability and are negotiating their own settlements with states.\nThe deal terms give states 30 days to join or reject the settlement. If the companies decide enough states are participating, local governments will have another few months to lend support. The amount a state ultimately receives hinges largely on recruiting its municipalities to join.\nIf a state government opts out, then its counties or cities won’t be able to access the money.\nAttorney General Bob Ferguson of Washington state said he is rejecting the settlement because the $30 million a year that could flow to the state isn’t the “transformative amount of money” needed to deal with the devastation from the opioid crisis. The state has upcoming trial dates against the four companies, and Mr. Ferguson said he plans to go forward.\nThe percentage of the $26 billion allocated to each state is based on the population and the impact of opioid addiction in each region.\nBeyond the money involved, the distributors have agreed to create a clearinghouse intended to help the companies better spot suspicious drug orders. For the first time, AmerisourceBergen, Cardinal and McKesson would be able to see where their competitors are sending pills, which the architects of the deal say would better enable them to spot pharmacies from which drugs are being diverted for illegal uses.\n“This settlement…puts in place controls that will go a long way to making sure this never happens again,” Pennsylvania Attorney General Josh Shapiro said.\nJohnson & Johnson, which used to provide a raw ingredient used in painkillers to other companies and stopped selling its own handful of opioid painkillers in the U.S. last year, agreed to stay out of the opioid business for the next decade.\nJust over $2 billion of the overall amount will go toward attorney fees and expenses, the majority of that to private plaintiffs’ lawyers who represented thousands of cities and counties and some states.\nGary Wellendorf of Youngstown, Ohio, who used or abused opioids for 40 years and lost his wife to an overdose, said he hopes some of the money can be spent on making treatment programs available for those who can’t afford it.\n“It’s a split-second decision to get help,” said Mr. Wellendorf, who is 63 years old, adding that few options are available without insurance or funding.\nIf veterans’ benefits hadn’t picked up the cost of his addiction treatment a few years ago, he said, “I’d probably be dead.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172969884,"gmtCreate":1626927740648,"gmtModify":1633769638429,"author":{"id":"4089975214761290","authorId":"4089975214761290","name":"Heviot","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4089975214761290","authorIdStr":"4089975214761290"},"themes":[],"htmlText":"well","listText":"well","text":"well","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172969884","repostId":"2153407916","repostType":4,"isVote":1,"tweetType":1,"viewCount":680,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":false}