News Wrap: Purdue Pharma files for federal bankruptcy protection

News Wrap: Purdue Pharma files for federal bankruptcy protection


JUDY WOODRUFF: More than 49,000 workers at
General Motors plants across the country are on strike tonight after contract talks broke
down. It’s the first nationwide walkout at GM since
2007, and it affects 33 manufacturing plants and 22 distribution warehouses across nine
states. We will take a closer look after the news
summary. Besieged drugmaker Purdue Pharma had filed
today for federal bankruptcy protection. It was part of plan by the maker of OxyContin
to settle thousands of lawsuits stemming from the opioid crisis. The tentative settlement could be worth $12
billion. President Trump now says it is — quote — “looking”
like Iran was behind a weekend drone attack on crude oil facilities in Saudi Arabia. But he also says he’s waiting for definitive
proof. Houthi rebels in Yemen claimed responsibility,
and Iran has denied any involvement. The U.N. Security Council convened today in
New York, as the special envoy to Yemen sounded the alarm via video link. MARTIN GRIFFITHS, U.N. Special Envoy for Yemen:
This extremely serious incident makes the chances of a regional conflict that much higher
and of a rapprochement that much lower. And with Yemen in some way or other linked,
none of that, none of that is good for Yemen. JUDY WOODRUFF: The cost of oil surged today
in the wake of the attack. Prices in New York jumped $8 a barrel, or
nearly 15 percent. We will focus on the attack and its potential
consequences later in the program. The spike in oil prices pushed stocks lower. The Dow Jones industrial average lost 142
points to close at 27076. The Nasdaq fell 23 points. And the S&P 500 slipped nine. In Afghanistan, NATO reports that a U.S. service
member was killed in action today, the 17th so far this year. Earlier this month, President Trump called
off peace talks with the Taliban after an attack that killed another American soldier. Businesses and subways in Hong Kong reopened
today, after another weekend of protests that saw some in the crowds throwing bricks and
firebombs. Police on Sunday fired tear gas and water
laced with blue dye to mark demonstrators, who used umbrellas to shield themselves. Today, in Geneva, a pro-democracy legislator
from Hong Kong appealed to the U.N. human rights body to investigate. TANYA CHAN, Pro-Democracy Hong Kong Legislator:
The police call protesters cockroaches. Brutal crackdowns and preemptive violence
against them are hence regarded as acceptable pest control to curb free speech. Today marks the 100th day of the movement,
but there is no sign the police will exercise restraint. This is a result of the lack of democracy
in Hong Kong. JUDY WOODRUFF: The police, in turn, blamed
what they called radical protesters. They have arrested now more than 1,400 people
since the demonstrations began in June. A storm that hit the Bahamas this weekend
could grow into a major hurricane, but it is veering away from the U.S. mainland. Humberto had sustained winds of 90 miles an
hour late today. Officials warned of rip currents along the
East Coast. By Wednesday, the storm could lash Bermuda
with dangerous wind and rain. President Trump charged today that U.S. Supreme
Court Justice Brett Kavanaugh is under assault by charges that are lies, after a new allegation
of sexual misconduct. The New York Times reported over the weekend
that it happened during Kavanaugh’s student days at Yale. The Times later added that friends of the
alleged victim say that she cannot recall the incident. Prosecutors in New York City have subpoenaed
the president’s tax returns. Reports today said the subpoena went to Mr.
Trump’s accounting firm. It seeks the last eight years of state and
federal returns for the president and for his business, the Trump Organization. Meanwhile, the U.S. House Oversight Committee
is asking Transportation Secretary Elaine Chao for documents involving her family’s
shipping company. Democrats say they want to know if any of
her official actions were designed to benefit Foremost Group. Chao’s father founded the firm. New York Yankees great Mariano Rivera was
awarded the Presidential Medal of Freedom today. The Hall of Fame pitcher was a five-time World
Series champion and regarded by many as the best closing pitcher in baseball history. And the famed front man of The Cars, Ric Ocasek,
has died of heart disease. He was found Sunday in his New York apartment,
a year after The Cars were inducted into the Rock and Roll Hall of Fame. They had a string of hits in the 1970s and
’80s, including “My Best Friend’s Girl.” Ric Ocasek was 75 years old. Still to come on the “NewsHour”: autoworkers
take to the picket lines for better wages; questions surround attacks on Saudi Arabian
oil; on the ground in Israel before a critical election; and much more.

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