Sackler Family Debated Lawsuit Risk While Taking Billions from Purdue

A memo advised a Sackler family member who co-owned Purdue Pharma to keep assets overseas to protect against litigation. 


 
Elon Musk Says He Once Approached Apple CEO About Buying Tesla

The Tesla chief said that he previously reached out to Tim Cook about the possibility of the iPhone maker buying the electric-vehicle company but that Mr. Cook refused to meet with him. 


 
Shareholders Denied Official Seat at Mallinckrodt's Bankruptcy Bargaining Table

Mallinckrodt shareholders lost their bid for an official committee to represent them in the drugmaker's bankruptcy. 


 
U.S. Sues Walmart, Alleging Role in Fueling Opioid Crisis

The Justice Department accuses the retail giant of ignoring warnings from its own pharmacists about inadequate screening of questionable prescriptions amid pressure to sell addictive painkillers quickly. 


 
Google, Facebook Agreed to Cooperate, Draft Suit Alleges

Facebook and Google agreed to "cooperate and assist one another" if they ever faced an investigation into their pact to work together in online advertising, according to an unredacted version of a lawsuit filed by 10 states against Google last week. 


 
How Amazon Wins: By Steamrolling Rivals and Partners

CEO Jeff Bezos still runs the e-commerce giant with the drive of a startup trying to survive. That strand of its corporate DNA is becoming a liability, as its tactics to dominate nearly every market-furniture, diapers, tripods, shoes-make it a target for antitrust enforcers and politicians. 


 
Passenger Who Died on United Flight Had Covid-19, Coroner Says

A passenger who died on a United Airlines flight last week had Covid-19, according to a coroner's report. 


 
Don't Hit the Brakes on CarMax

Muted retail sales and Covid-related store restrictions seem to be weighing heavily on CarMax investors' minds, but they should look further ahead. 


 
Airlines Prepare to Bring Back Thousands of Workers

The Covid-19 relief bill passed by Congress will cover carriers' payrolls through March, but a rebound in air travel remains uncertain. 


 
SEC Approves NYSE's Plan for New IPO Alternative

The exchange's new type of direct listing would let companies issue new shares and sell them to public investors in a single, large transaction on the first day of trading, much like the first trade in an IPO.

(END) Dow Jones Newswires

12-22-20 1915ET