McKesson's old headquarters in San Francisco. Photo: Justin Sullivan/Getty Images

The 3 major prescription drug distributors — AmerisourceBergen, Cardinal Health and McKesson — have proposed paying a combined $10 billion to settle the national lawsuit alleging they fueled the opioid crisis through negligent shipping and monitoring of painkillers, Bloomberg reports. States countered with $45 billion.

Why it matters: This is the first look into what the health care industry is willing to pay to make this lawsuit go away. Drug wholesalers operate large cash flows, making a settlement of this size rather manageable for them, but it'd still be a hit to shareholders' pockets because the companies run on low net profit margins.

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6 mins ago - World

Trump announces normalization of ties between Israel and UAE

Trump with Netanyahu at the White House. Photo: Alex Wong/Getty Images

President Trump announced a "historic" deal Thursday which will see Israel and the UAE open full diplomatic relations, and Israel suspend its annexation plans in the West Bank.

Why it matters: This is a major breakthrough for Israel, which does not have diplomatic recognition in many Middle Eastern countries but has been steadily improving relations in the Gulf, largely due to mutual antipathy toward Iran.

Updated 28 mins ago - Politics & Policy

Trump vows to block stimulus funding for mail-in voting and USPS

President Trump on Thursday told Fox Business' Maria Bartiromo that Democratic demands to fund mail-in voting and the U.S. Postal Service in ongoing coronavirus stimulus negotiations were a non-starter.

Why it matters: Trump directly linked Democrats' desired $3.6 billion for mail-in voting and $25 billion for the USPS to his continued baseless claims that increased mail-in voting will lead to widespread voter fraud.

Wind and solar power hit record global market shares in first half of 2020

Reproduced from Ember; Chart: Axios Visuals

A steep decline in coal-fired power combined with rising wind and solar output drove the carbon-free sources to record global market share in the first half of 2020, per a new analysis from the environmental think tank Ember.

Why it matters: The report shows how the coronavirus pandemic is speeding the ongoing shakeup of the global power mix — but also how it's occurring too slowly to reach international climate goals.