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Mallinckrodt proposes $1.6 billion opioid deal, Chapter 11 for generics unit: WSJ
(Reuters) – Mallinckrodt Plc <MNK.N> is finalizing a settlement proposal of at least $1.6 billion that would place its U.S. generic drug business into bankruptcy to address the debt maturities and liabilities arising out of the opioid crisis, the Wall Street Journal reported on Monday. The proposed deal includes a Chapter 11 filing covering the […]
Unshackled by EU, countries have fiscal freedom to fight coronavirus
By Jan Strupczewski BRUSSELS (Reuters) – The European Union is giving governments all the fiscal leeway they need to individually deal with the economic impact of the coronavirus and may decide on a more concerted stimulus if the economy suffers severely, officials said on Thursday. The decision, the latest by policymakers around the world to […]
Youngest CEO of a Black-Owned Business Lands at Walmart
What were you doing for kicks at the age of six? That is worth considering in light of Lily Frilly founder Lily Adeleye’s latest news: The six-year-old has lined up distribution in more than 1,000 stores for her label. The company was started three years ago with an emphasis on hair bows, but apparel and […]