Good afternoon: Today's PM — edited by Justin Green — is 425 words, a 2-minute read.
A big drop in a bigger bucket: America's biggest drug distributors have reached a $215 million opioid settlement in Ohio, with a much bigger one expected very soon.
Why it matters: Opioid makers, drug distributors and pharmacies know they will collectively be on the hook for tens of billions of dollars to clean up an epidemic that has killed numerous Americans, Axios' Bob Herman reports. But they likely will deny wrongdoing.
The big picture: "The deal, which is a combination of cash payouts and donations of addiction treatments, could become a model for a nationwide settlement of thousands of similar cases in state and federal courts," the NYT reports.
What's next: The defendants are negotiating a global settlement that could be worth nearly $50 billion.
People watch sheep crossing the city during the Fiesta de la Trashumancia in Madrid, Spain.
Photo: Axios on HBO
Mitt Romney is a Twitter lurker, the senator admitted to me during our "Axios on HBO" interview and scooped last night by Slate's Ashley Feinberg.