Today’s Top 12 Stories Across Forbes:
OxyContin manufacturer Purdue Pharma has tentatively settled with 22 state attorneys general over 2,000 lawsuits filed against the company for its alleged role in the opioid crisis. According to reports, the proposed settlement could be up to $12 billion.
President Donald Trump has agreed to delay the introduction of the latest round of tariffs on China as a “gesture of goodwill.” The move could signal a thaw in the trade war ahead of key talks in October.
A Supreme Court ruling will allow the enforcement of a new Trump administration policy that will block most migrants from Central and South American from claiming asylum in the United States.
"Vaping has become a very big business ... but we can’t allow people to get sick and allow our youth to be so affected,” Trump warned as his administration prepared to ban flavored vape products following six deaths possibly linked with the devices and a surge of use among high schoolers.
Despite a landmark bill passed by California lawmakers yesterday that effectively requires businesses across industries to reclassify independent contractors as employees, Uber says it does not expect to make any changes to the way it classifies drivers in the state. Instead, Uber says it is prepared to fight any legal challenges and has set aside an additional $30 million for a ballot measure to provide workers with other benefits.
Japanese billionaire Yusaku Maezawa has struck a $3.7 billion deal to sell most of his Zozo online fashion empire to Yahoo Japan. The next stop for Maezawa? A round trip orbiting the Moon with Elon Musk’s SpaceX.
When SmileDirectClub makes its public debut in New York today, the company’s 30-year-old founders are set to become two of the youngest entrepreneurs in the nation to crack into the billionaire ranks.
Women occupy 20% of board seats for publicly traded companies (up from 15% in 2016), with the increase coming from a California law requiring their appointments and social pressure put on companies to become more diverse. Will this be a consistent, upward trend?
T. Boone Pickens died in Dallas yesterday at age 91. A personal essay on when the oil and gas tycoon got a brain scan. “I was truly astonished,” said his doctor. His brain “activated in places that young brains activate.” That made sense to Pickens: “I’d rather surround myself with sharp young minds than play golf and gin rummy all day.”
The No. 1 team in the country now generates nearly $80 million per year in revenue, ranking the Tigers among college football’s most valuable teams.
Sean Miyashiro has positioned his company 88rising at the forefront of music and entertainment. With a roster that includes international artists Rich Brian, Joji, Niki and Higher Brothers, along with the help of mentor Jimmy Iovine and partnerships with Hot One’s host Sean Evans, 88rising is set to have its most successful year ever.
Get our 12 best stories sent straight to your inbox with the inside scoop on the world’s most important entrepreneurs and superstars, expert career advice and success secrets. Or, see all Forbes newsletters.