Families protest as Purdue Pharma lawyers enter the courthouse for a status update in the case. Photo: Suzanne Kreiter/The Boston Globe via Getty Images

Purdue Pharma, the producer of OxyContin, settled a lawsuit on Tuesday brought by the state of Oklahoma alleging that the company made billions of dollars while fueling the country's opioid crisis, reports Bloomberg.

The big picture: Purdue was set to go to trial in Oklahoma in May, along with fellow opioid manufacturers Johnson & Johnson and Teva. The settlement only covers the claims against Purdue, which agreed to pay $270 million with the help of its owners, the Sackler family, per the Wall Street Journal. The outcome of the Oklahoma case was largely viewed as a bellwether for a much larger, consolidated national opioids lawsuit underway in Ohio.

Go deeper: Where the national opioids lawsuit could be headed

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Updated 46 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Americans feel Trump's sickness makes him harder to trustFlorida breaks record for in-person early voting — McConnell urges White House not to strike stimulus deal before election — Republican senators defend Fauci as Trump escalates attacks.
  2. Health: The next wave is gaining steam.
  3. Education: Schools haven't become hotspots — University of Michigan students ordered to shelter-in-place.
  4. World: Ireland moving back into lockdown — Argentina becomes 5th country to report 1 million infections.

Report: Goldman to settle DOJ probe into Malaysia's 1MDB for over $2B

Illustration: Lazaro Gamio/Axios

Goldman Sachs has agreed with the Department of Justice to pay over $2 billion for the bank's role in Malaysia's multi-billion dollar scandal at state fund 1MDB, Bloomberg first reported.

Why it matters: The settlement, expected to be announced within days, would allow Goldman Sachs to avoid a criminal conviction in the U.S. over the bribery and money laundering scandal that saw three of its former bankers banned for life from the banking industry by the Federal Reserve Board.

Trump threatens to post "60 Minutes" interview early after reportedly walking out

Trump speaks to reporters aboard Air Force One, Oct. 19. Photo: Mandel Ngan/AFP via Getty Images

President Trump tweeted on Tuesday that he was considering posting his interview with CBS' "60 Minutes" prior to airtime in order to show "what a FAKE and BIASED interview" it was, following reports that he abruptly ended the interview after 45 minutes of taping.

Why it matters: Trump has escalated his war on the media in the final stretch of his re-election campaign, calling a Reuters reporter a "criminal" this week for not reporting on corruption allegations about Hunter Biden and disparaging CNN as "dumb b*stards" for the network's ongoing coronavirus coverage.