Latest USA Headlines

All the headlines from our USA Topic Page, ordered by recency.

Facing Deceptive Opioid Marketing Suits, Mallinckrodt Files for Bankruptcy

Oct 12 2020 // Mallinckrodt Plc filed for bankruptcy protection on Monday, saddled with lawsuits alleging it fueled the U.S. opioid epidemic and after it lost a court battle to avoid paying higher rebates to state Medicaid programs for...

Oklahoma High Court OK’s US Chamber’s Support of $465M Opioid Judgment Appeal

Oct 12 2020 // The U.S. Chamber of Commerce can support Johnson & Johnson’s bid to overturn a $465 million judgement against the opioid manufacturer, the Oklahoma Supreme Court has ruled. The court allowed the Chamber along...

Senator Calls on U.S. to Delay IPO by China’s Ant Group

Oct 12 2020 // Senator Marco Rubio, who has successfully urged the Trump administration to pursue investigations of Chinese companies, called on Friday for the U.S. government to consider options to delay an initial public offering of...

Returning After Hurricane Delta, Louisiana Evacuees Face Power Outages, Extreme Heat

Oct 11 2020 // 10/11/2020 06:21 PM— Storm-weary coastal Louisiana residents who fled from the path of Hurricane Delta in recent days streamed back to their homes on Sunday to face cleanup and repairs from the second hurricane to batter...

U.S. Olympics Sues Insurers Over Stalled Nassar Sex Abuse Settlement

Oct 11 2020 // The United States Olympic and Paralympic Committee (USOPC) said on Friday it has filed a lawsuit against its insurance providers for failing to fulfill obligations in reaching a settlement with survivors of the Larry...

U.S. Sues Yale University Claiming Illegal Favoritism for Blacks, Hispanics in Admissions

Oct 9 2020 // Yale University was sued by the U.S. Department of Justice, which claims the Ivy League school illegally discriminates against White and Asian-American applicants in undergraduate admissions by favoring Black and Hispanic...

China’s Ping An-Backed Lufax Files for $3 Billion U.S. IPO

Oct 9 2020 // Lufax Holding Ltd., one of China’s largest online wealth management platforms, on Wednesday filed to list its shares in the United States, the latest company looking to take advantage of a rebound in capital...

Update: Louisiana Residents Flee as Delta Bears Down on U.S. Gulf Coast

Oct 8 2020 // 10/09/2020 10:41 AM LAKE CHARLES, La., Oct 9 — The streets in Lake Charles in southwest Louisiana were deserted as a powerful Hurricane Delta approached, threatening to add misery to people struggling to recover from the...

Chance of La Niña Through Winter Now at 85%, Says U.S. Weather Service

Oct 8 2020 // A U.S. government weather forecaster on Thursday said there is an 85% chance of La Niña conditions continuing through the upcoming Northern Hemisphere winter. The chance of the weather pattern continuing into the spring...

Analysts Say U.S. Restrictions Unlikely to Hurt Ant Group’s $35 Billion IPO

Oct 8 2020 // Ant Group’s $35 billion initial public offering (IPO) is unlikely to suffer from any U.S. restrictions on the Chinese financial technology giant due to its very limited overseas presence, potential investors and...

U.S. Offshore Energy Firms Prep for Massive Hurricane

Oct 7 2020 // Oil and gas workers withdrew en masse from U.S. offshore production facilities and onshore refineries began preparations on Wednesday as Hurricane Delta was forecast to grow into a powerful storm over the Caribbean on its...

Supreme Court Hears Google’s Appeal of Oracle’s $8 Billion Copyright Claim

Oct 7 2020 // The U.S. Supreme Court appeared divided on Wednesday as it considered whether to protect Alphabet Inc.’s Google from a long-running lawsuit by Oracle Corp. accusing it of infringing Oracle copyrights to build the...

How Coronavirus Is Changing Claims, Risks, Work, Habits, Supply Chains and More

Oct 7 2020 // The magnitude of the COVID-19 pandemic as an economic loss events is unprecedented for companies and insurers alike and claims trends and risk exposures are likely to evolve in both the mid- and long-term as a result of...

Category 3 Hurricane Delta Hits Mexico; Expected to Strengthen, Then Move to U.S.

Oct 7 2020 // Updated Oct 7., 2020, 6:58 AM— Hurricane Delta weakened to a Category 3 storm just before slamming into the coast of Mexico, but remains life-threatening. Delta came ashore along the northeastern Yucatan Peninsula near...

Hollywood’s Insurer Braces for Claims Due to COVID-Related Movie, TV Shutdowns

Oct 6 2020 // Allianz SE, Europe’s largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it’s the largest...

Tropical Storm Delta Expected to Threaten Gulf Coast as Major Hurricane This Week

Oct 6 2020 // 10/06/2020 09:09 AM— Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane...

Judge Orders Cisco to Pay $1.9 Billion in Cybersecurity Patent Lawsuit

Oct 6 2020 // A U.S. judge on Monday ordered Cisco Systems Inc. to pay $1.9 billion to a Virginia company that accused it of copying its cybersecurity patents. U.S. District Judge Henry Morgan in Norfolk, Virginia, concluded after a...

Energy Firm Evacuations Underway as Another Major Storm, Delta, Threatens Gulf Coast

Oct 5 2020 // Energy companies on Monday began evacuating offshore oil platforms as the 25th named storm of the year formed in the Caribbean and was forecast to become a major hurricane before it entered the Gulf of Mexico and threatens...

Ridesharing Companies Spend Big in California to Oppose Even Costlier Gig Law

Oct 5 2020 // Uber Technologies Inc. and Lyft Inc. together are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as employees. That sum looks less...

Insurers Gain Early Wins in COVID-19 Business Interruption Lawsuits

Oct 5 2020 // Insurers have succeeded in dismissing COVID-19 business-interruption lawsuits in 17 out of 23 cases heard so far, with a growing number of judges finding that some tangible alteration of a property is required to trigger...