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Insys Therapeutics founder John Kapoor. Pat Greenhouse/The Boston Globe via Getty Images

A jury has found John Kapoor, the founder and former CEO of Insys Therapeutics, and 4 other executives guilty of a scheme that involved bribing doctors to prescribe the company's powerful opioid, Subsys, for patients who didn't need it and tricking health insurers to pay for it, Reuters reports.

Why it matters: This trial was a high-profile affair that many people viewed as a referendum on Big Pharma's role in the national opioid crisis. Other major makers of painkillers, including Purdue Pharma and Johnson & Johnson, also are facing potential trials.

Go deeper

Senate confirms retired Gen. Lloyd Austin as defense secretary

Photo: Greg Nash-Pool/Getty Images

The Senate voted 93-2 on Friday to confirm retired Gen. Lloyd Austin as secretary of defense. Sens. Mike Lee (R-Utah) and Josh Hawley (R-Mo.) were the sole "no" votes.

Why it matters: Austin is the first Black American to lead the Pentagon and President Biden's second Cabinet nominee to be confirmed.

House will transmit article of impeachment to Senate on Monday, Schumer says

Photo: Drew Angerer/Getty Images

Senate Majority Leader Chuck Schumer (D-N.Y.) announced that the House will deliver the article of impeachment against former President Trump for "incitement of insurrection" on Monday.

Why it matters: The Senate is required to begin the impeachment trial at 1pm the day after the article is transmitted.

Dan Primack, author of Pro Rata
2 hours ago - Politics & Policy

Private equity bets on delayed tax reform in Biden administration

Illustration: Brendan Lynch/Axios

In normal times, private equity would be nervous about Democratic Party control of both the White House and Congress. But in pandemic-consumed 2021, the industry seems sanguine.

Driving the news: Industry executives and lobbyists paid very close attention to Treasury Secretary nominee Janet Yellen's confirmation hearings this week, and came away convinced that tax reform isn't on the near-term agenda.