McKinsey Proposed Paying Pharmacy Companies Rebates for OxyContin Overdoses

NEW YORK TIMES

When Purdue Pharma agreed last month to plead guilty to criminal charges involving OxyContin, the Justice Department noted the role an unidentified consulting company had played in driving sales of the addictive painkiller even as public outrage grew over widespread overdoses.

Documents released last week in a federal bankruptcy court in New York show that the adviser was McKinsey & Company, the world’s most prestigious consulting firm. The 160 pages include emails and slides revealing new details about McKinsey’s advice to the Sackler family, Purdue’s billionaire owners, and the firm’s now notorious plan to “turbocharge” OxyContin sales at a time when opioid abuse had already killed hundreds of thousands of Americans. read more »

Facebook, Google to face new antitrust suits in US

FOX BUSINESS NEWS

Big Tech’s legal woes are expected to worsen in the coming weeks as federal and state antitrust authorities prepare to file new lawsuits against Facebook Inc. and Alphabet Inc.’s Google, people familiar with the matter said.

The authorities are readying as many as four more cases targeting Google or Facebook by the end of January, these people said, following the Justice Department’s antitrust lawsuit against Google last month. read more »