McKinsey to pay $573 million over role in pushing opioids

McKinsey to pay $573 million over role in pushing opioids

McKinsey & Co. said it will pay nearly $600 million to settle allegations that it fueled the nationwide opioid crisis by helping Purdue Pharma push addictive painkillers. Some $573 million of that will go to 47 states and the District of Columbia, which accused the white-shoe consulting firm of helping Purdue “turbocharge” OxyContin sales as … Read more

Trump Deutsche Banker resigned after real estate deal probe

Trump Deutsche Banker resigned after real estate deal probe

The surprise resignation of Donald Trump’s personal Deutsche Banker appears to have been related to a real estate deal she did with a company linked to Jared Kushner. According to a Financial Industry Regulatory Authority disclosure, former Deutsche Bank private banker Rosemary Vrablic was “permitted to resign” in December after the conclusion of an internal … Read more

Victoria’s Secret CEO Stuart Burgdoerfer stepping down

Victoria's Secret CEO Stuart Burgdoerfer stepping down

Victoria’s Secret’s interim CEO is stepping down in the middle of a turnaround of the troubled lingerie company that appears to be paying off.  Stuart Burgdoerfer, the longtime CFO of the company’s parent, L Brands, had served as interim CEO of Victoria’s Secret for the past nine months and has helped steer sales upward despite … Read more

Brett Ratner’s RatPac buys WallStreetBets founder’s story

Brett Ratner's RatPac buys WallStreetBets founder's story

The man behind the message board that sparked a stock market revolution has sold his life story to director Brett Ratner’s film production company, a new report says. Jaime Rogozinski, the founder of Reddit’s WallStreetBets forum, made the deal earlier this week with Ratner’s RatPac Entertainment, whose roster of hits includes “Wonder Woman” and “Dunkirk,” … Read more

779,000 filed as COVID crisis continues

779,000 filed as COVID crisis continues

American workers filed 779,000 applications for unemployment benefits last week in the latest sign that the labor market is still in the throes of its coronavirus crisis. The newest batch of initial jobless claims brought the total for the COVID-19 pandemic to roughly 77.2 million — a number nearly twice as large as California’s population. … Read more

Maxine Waters wants Redditor Keith Gill at GameStop hearing

Maxine Waters wants Redditor Keith Gill at GameStop hearing

Roaring Kitty might be going to Congress. US Rep. Maxine Waters wants Keith Gill — the Reddit user who helped ignite GameStop’s unprecedented stock rally — to testify at a congressional hearing about the recent retail investor revolution. The House Financial Services Committee chair said she has Gill on her list of potential witnesses along … Read more

Ex-White House comms director Bill Shine joins NewsNation

Ex-White House comms director Bill Shine joins NewsNation

Former Fox News executive and White House director of communications Bill Shine has joined NewsNation, according to a new report Wednesday. Shine was hired by NewsNation, a new, 24-hour news service from WGN, in June 2020, before its official launch, the DailyMail reported. Shine will help oversee talk shows across NewsNation, which was launched to … Read more

GameStop surge helps IT worker turn stimulus cash into $36K

GameStop surge helps IT worker turn stimulus cash into $36K

Reddit’s war on Wall Street helped a California IT worker turn his coronavirus stimulus check into a $36,000 windfall, he told The Post. The modest stock portfolio that Arya Hamzelou claims he opened with his family’s relief payment ballooned thanks partly to the social-media-fueled surge in shares of GameStop and AMC Entertainment, he said. Hamzelou … Read more