April 28, 2026

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Purdue Pharma to Be Sentenced, Paving Way for Opioid Settlement

Purdue Pharma appeared in New Jersey federal court on Tuesday for sentencing on charges of deceiving government regulators and paying kickbacks to doctors to boost opioid sales. The sentencing will complete a plea deal that clears the way for the …

Trump Says Iran Wants Hormuz Open in Tussle Over War’s End

President Donald Trump said Iran has asked the U.S. to lift a naval blockade of the Strait of Hormuz while the two sides negotiate an end to the two-month war, which has upended global energy supplies. Tehran wants the critical …

Sony Defeats UK Suit Over Performers’ Rights for Classic Hendrix Albums

Sony Music Entertainment on Tuesday defeated a London lawsuit claiming performers’ property rights in relation to Jimi Hendrix’s classic 1960s albums, which the label had warned could have caused chaos for the music industry. London’s High Court ruled guitarist Noel …

Bayer Gets Mixed Reception at Supreme Court on Roundup Suits

The U.S. Supreme Court gave Bayer AG a mixed reception on its bid to stop tens of thousands of lawsuits claiming its Roundup herbicide should have been labeled as a cancer risk. Hearing arguments in Washington Monday, the justices weighed …

Medical Marijuana Resked: Implications for Insurance Coverage, Capacity and Compliance

The Department of Justice issued an order on April 23, rescheduling state-licensed medical marijuana and Food & Drug Administration-approved cannabis products to Schedule III of the Controlled Substances Act (CSA). The order is also expected to jumpstart the stalled Drug …

Medtronic Says Cyberattack on IT Network Has Not Disrupted Operations

Medical device maker Medtronic said on Monday a cyberattack on its computer systems last week did not affect its products or ability to meet patient needs, and is not expected to materially impact its business or financial results. Medtronic said …

With Lower Q1 Insured Losses, Re/insurers Well-Placed for More Costly Quarters Ahead

Global and regional natural catastrophe activity and loss totals were lower in the first quarter of 2026 than in comparable quarters of previous years, leaving the re/insurance industry well-positioned as it heads into the more costly second and third quarters, …

Air Taxis to Fly Between JFK Airport and Manhattan for 10 Days

Joby Aviation Inc. is flying electric air taxis between John F. Kennedy International Airport and Manhattan this week to show off its quieter, zero-emission aircraft in a city weary of noise pollution. The demonstration flights are New York’s first point-to-point …

Former Ransomware Negotiator Pleads Guilty to Aiding Attackers

A former ransomware negotiator has pleaded guilty to charges he helped a ransomware group extort tens of millions of dollars from companies. Angelo Martino, 41, of Land O’Lakes, Florida, worked for a cyber incident response company as a ransomware negotiator …