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Opioid Victims Struggle to Claim Their Part of Purdue’s $6 Billion Settlement

Opioid overdose victims say the stringent documentation requirements effectively lock them out of making claims against Purdue, especially if their loved ones died a number of years ago, Bloomberg

Driller’s Bankruptcy Lenders Fidelity, Apollo Stripped of Controlling Stake

Fidelity Investments and Apollo Global Management took control of a Texas driller with oil prices at historic lows in 2020, then kept the company alive until prices came back. Their payoff will likely

Instant Pot Maker Gets $30 Million of Fresh Bankruptcy Financing

Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, received court approval on Tuesday to borrow an additional $30 million to fund itself through bankruptcy, Bloomberg News

Ex-FTX Executive Salame Talking to Prosecutors About Plea Deal

Ryan Salame, the former co-chief executive of FTX Digital Markets, is in negotiations with federal prosecutors to plead guilty to criminal charges following the implosion of the cryptocurrency

U.S. Credit Card Debt Tops $1 Trillion, Overall Consumer Debt Little Changed

Americans borrowed more than ever on their credit cards in the last quarter, the New York Federal Reserve Bank said on Tuesday, with balances surpassing $1 trillion for the first time even as overall

Moody's Downgrades U.S. Banks, Warns of Possible Cuts to Others

Moody's cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation's biggest lenders, warning that the sector's credit strength will likely be

WeWork Raises Doubt About Its Survival

WeWork on Tuesday raised doubt about its ability to stay in business as the co-working space provider faces losses and a dwindling cash pile amid major changes in the way people work, WSJ Pro

NFIB: U.S. Small Business Confidence Rises to 8-Month High in July

U.S. small business confidence edged up to an eight-month high in July, as concerns about inflation fell to the lowest level in nearly two years, a report released on Tuesday showed, Reuters reported

Wall Street’s New WhatsApp Fines Take Tab Past $2.5 Billion

Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp and personal email to

EV Firm Proterra Files for Chapter 11 Protection

Electric-vehicle parts supplier Proterra filed for chapter 11 bankruptcy protection on Monday, making it the latest company to go belly up in an industry grappling with supply chain constraints