Global Settlement Offer Now at $49.5b

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Johnson & Johnson, McKesson, AmerisourceBergen, and Cardinal Health are offering $26 billion to settle, which brings our “global” opioid settlement figure — including Teva’s standing $23.5 billion offer — to $49.5 billion. “Lawyers familiar with the talks said that at least 45 states regard the terms positively” (NYT), and that “only Nevada, New Mexico, Oklahoma and Washington State appear to oppose it” (Cleveland).