Illustration: Lazaro Gamio/Axios
A judge in Oklahoma ruled today that Johnson & Johnson was responsible for fueling the state's opioid epidemic and will have to pay $572 million in damages — far less than the $17 billion the state had demanded. J&J said it would appeal the decision.
Why it matters: This is a groundbreaking ruling and a potentially ominous harbinger for the opioid companies and distributors at the heart of the enormous national lawsuit pending before an Ohio judge.
Americans' trust in the Federal Reserve fell again in October, with just 34% saying they have a fair amount or a great deal of trust in the central bank in the latest Axios/Ipsos poll.
What's happening: While trust in the Fed rises with age, income level and among those who say they know more about the institution, there was not a single group where even half of respondents said they trusted the Fed.
Illustration: Annelise Capossela/Axios
Photo illustration: Aïda Amer/Axios. Photo: Win McNamee/Getty Images
USA Today, one of the largest newspapers by circulation in America, gave Joe Biden its first-ever presidential endorsement on Tuesday.
The big picture: A slew of media companies are endorsing a candidate this year for the first time ever, citing the unprecedented nature of this election.