McKesson dropped an interesting nugget in its earnings call yesterday: The drug distributor expects to spend $150 million defending itself in state and national opioids lawsuits in its 2021 fiscal year, which starts next March, up from more than $100 million this year.

Between the lines: $150 million is a rounding error for McKesson, which handled $214 billion of revenue last year. But the company is essentially breaking even these days, and those legal costs could go up by billions of dollars if a settlement is reached.

Go deeper: FDA blasts McKesson for not monitoring opioid shipments

Go deeper

Planned Parenthood launches digital ad campaign for Biden

Photo: Erik McGregor / Contributor

Planned Parenthood Votes, the political arm of the national reproductive rights group, is ramping up its general election efforts, launching five-figure digital ad campaigns across nine battleground states.

Why it matters: This is the group's biggest election cycle effort yet, part of a larger $45 million investment ahead of November's election, and provides a glimpse of how Democrats are trying to take down President Trump on women's health issues while boosting Joe Biden as the alternative.

Pro-Trump PAC drops $23 million on summer anti-Biden ads

Screenshot: America First Action

America First Action, a leading pro-Trump super PAC, will focus on Arizona, North Carolina, Pennsylvania and Wisconsin in a $23 million anti-Biden summer ad campaign beginning next week.

Why it matters: The ad buy signals which swing states the groups sees as most vulnerable for President Trump. Arizona and Wisconsin were not included earlier this year in the core battleground strategy.

Updated 20 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 5 a.m. ET: 12,910,357 — Total deaths: 569,128 — Total recoveries — 7,116,957Map.
  2. U.S.: Total confirmed cases as of 5 a.m. ET: 3,304,942— Total deaths: 135,205 — Total recoveries: 1,006,326 — Total tested: 40,282,176Map.
  3. States: Florida smashes single-day record for new cases with over 15,000 — NYC reports zero deaths for first time since pandemic hit.
  4. Public health: Ex-FDA chief projects "apex" of South's curve in 2-3 weeks — Testing czar: Lockdowns in hotspots "should be on the table"
  5. Education: Betsy DeVos says schools that don't reopen shouldn't get federal funds — Pelosi accuses Trump of "messing with the health of our children."