Attorney general

Purdue Pharma reaches tentative opioids settlement

Purdue logo and sign outside of a headquarters building.
Photo: Drew Angerer/Getty Images

Purdue Pharma has tentatively reached the first "global" settlement in the nationwide opioids lawsuit, the New York Times and AP report. The plaintiffs later confirmed this to Axios.

The big picture: The deal would reportedly result in the maker of OxyContin entering bankruptcy and the Sackler family owners paying $3 billion over 7 years, among other terms. Some states still aren't on board with the proposal and may pursue Purdue and the Sacklers further, NYT reports. But the first major deal appears imminent ahead of the scheduled October trial.

CEO indictment hangs over latest startup Pronto.ai

Anthony Levandowski, at the Mobile World Congress in February 2017.
Anthony Levandowski at the Mobile World Congress in February 2017. Photo: Andrej Sokolow/picture alliance via Getty Images

Tuesday's indictment of former Uber executive Anthony Levandowski for allegedly stealing trade secrets when he worked at Google puts his latest self-driving technology company, Pronto.ai, in a tough spot.

The big picture: The San Francisco-based startup, believed to be funded mostly by Levandowski himself, has been working on aftermarket kits to outfit heavy-duty trucks with driver-assistance technology.