In a trial in Oklahoma, records showed the firm was consulted about sales at a time when abuse of pain medicine was widespread. Cases in two other states also shed light on its role. Source: NYT > Business – Walt Bogdanich
Back-to-School Sales Tax ‘Holidays’ Lure Shoppers Despite Slim Savings
“People who won’t walk across the street to save $5 on a pair of pants will take a day off from work to take advantage of a sales-tax holiday,” a tax expert said. Source: NYT > Business – Ann Carrns
Stop & Shop Strike Ends With Union Claiming Victory on Pay and Health Care
More than 30,000 cashiers, bakers and other supermarket workers had been on strike for 11 days across three states in New England. Source: NYT > Business – SANDRA E. GARCIA
Wynn Leaders Helped Hide Sexual Misconduct Allegations Against Company’s Founder, Report Says
The Massachusetts gambling regulator found that some executives “were part of affirmative efforts to conceal allegations against Mr. Wynn that came to their attention.” Source: NYT > Business – TIFFANY HSU and MOHAMMED HADI
Lawsuits Lay Bare Sackler Family’s Role in Opioid Crisis
Three generations of the Sackler family were deeply involved in running Purdue Pharma and knew of opioid abuse risks, according to lawsuits. Source: NYT > Business – DANNY HAKIM, RONI CARYN RABIN and WILLIAM K. RASHBAUM
Economic View: Modern Monetary Theory Makes Sense, Up to a Point
Urgent goals might justify more debt for a while, the economist Robert Shiller says, but this does not license unlimited spending or endlessly accelerating debt. Source: NYT > Business – ROBERT J. SHILLER