August 18 , 2020 - Biz in 60 - a podcast by TRT World

US states seek $2.2T in damages from Purdue Pharma
US states are seeking 2-point-2 trillion dollars from opioid maker, Purdue Pharma, as part of its bankruptcy restructuring plan. In court filings, 49 states plus Washington DC accuse the OxyContin- maker of fueling America's opioid epidemic that's killed around 450-thousand people since 1999. Last year, Purdue filed for bankruptcy to halt more than 2-thousand lawsuits.

Norway's wealth fund reports 13.1% return in Q2
Norway's 1-trillion dollar oil fund has reported its second-best quarter in its history.. with a 13.1-percent return in the three months to the end of June. The result was driven by a rebound in global stock markets. It marks a sharp turnaround for the world's largest sovereign wealth fund.. which lost 21-billion- dollars in the first half of the year.

Walmart reports upbeat Q2 earnings as online sales surge
Walmart has reported better-than-expected second-quarter results as online sales nearly doubled during the pandemic. Net profit at the world's largest retailer came in at 6-and- a-half billion dollars, marking a jump of 80-per cent from a year ago. US same-store sales also rose around 10-percent as shoppers spent their coronavirus stimulus checks.

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