Business

PayPal CEO offers $25m in cash advances for federal employees

PayPal CEO Dan Schulman. Photo: John Lamparski/Getty Images

PayPal CEO Dan Schulman announced in a USA Today op-ed Friday that the company would be committing $25 million in interest-free cash advances to federal employees impacted by the government shutdown.

Details: Schulman writes that 40% of all Americans aren't able to cover a $400 emergency expense, and that nearly 80% of full-time workers live paycheck to paycheck. Because many in the private sector are "in a position to help," Schulman writes, PayPal will offer up to $500 in interest-free cash advances to "any existing or new PayPal Credit customers who are federal employees and are struggling to make ends meet."

Go deeper: All the ways Americans are feeling the effects of the shutdown

Report: Opioid marketing associated with more overdose deaths

Oxycontin
Photo: John Ewing/Portland Press Herald via Getty Images

Marketing of opioids to doctors was associated with increased opioid prescribing and increased overdose deaths between 2013 and 2015, according to a new report posted in JAMA.

Why it matters: This study is the first to tie opioid marketing to opioid deaths. The results are damning to opioid manufacturers, which are being sued by cities and states plagued by the opioid epidemic.

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