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Fentanyl is now the most commonly used drug involved in drug overdoses, according to a new government report. The latest numbers from the US Centers for Disease Control and Prevention's National Center for Health Statistics say that the rate of drug overdoses involving the synthetic opioid skyrocketed by about 113% each year from 2013 through 2016.The number of total drug overdoses jumped 54% each year between 2011 and 2016. In 2016, there were 63,632 drug overdose deaths.According to Wednesday's report, which analyzed death certificates for drug overdose deaths between 2011 and 2016, fentanyl was involved in nearly 29% of all overdose deaths in 2016. In 2011, fentanyl was involved in just 4% of all drug fatalities. At the time, oxycodone was the most commonly involved drug, representing 13% of all fatal drug overdoses.From 2012 to 2015, heroin became the most frequently involved drug in overdose deaths. In 2011, the number of fatal heroin overdoses was 4,571, or 11% of all drug fatalities. In 2016, that number more than tripled to 15,961 deaths, representing a quarter of all drug overdoses that year.The authors of the new study also found that most overdoses involved more than one drug. In 2016, 2 in 5 cocaine-related overdose deaths also involved fentanyl. Nearly one-third of fentanyl-related overdoses also involved heroin. More than 20% of meth-related fatal overdoses also involved heroin. 1423
FORT WAYNE, Ind. — A man who lost an eye after being struck by a tear gas canister police in Indiana fired during a May protest over George Floyd’s death is suing the city and a police officer. Twenty-one-year-old Balin Brake's federal lawsuit contends the injury “has permanently changed his life." He's seeking damages from the city of Fort Wayne and the unidentified officer who fired the canister. The Journal Gazette reports that Brake's right eye had to be surgically removed after it was struck by a tear gas canister during the May 30 protest. City spokesman John Perlich declined to comment on the pending litigation. 634
Ford is suspending production of the F-150 truck, its best-selling and most profitable vehicle, after a fire at a supplier's plant in Michigan last week.Ford announced that it will suspend production of the F-150 at its plant in Dearborn, Michigan on Wednesday night. It had already suspended truck production at a plant in Kansas City, Missouri. Those are the only plants that make the truck.A company spokesperson said he doesn't know when production will begin again. Ford doesn't expect any disruption for customers or dealerships because it has an 84-day supply of the truck in dealers' inventories. 612
Federal Reserve chairman Jerome Powell gave investors reason to cheer on Wednesday when he suggested that the Fed may slow down its interest rate hikes.The Dow surged on the news and closed up 600 points, or more than 2%, in midday trading. The S&P 500 and Nasdaq each rose about 2% as well.Powell reassured investors that the Fed wouldn't risk killing off economic growth by continuing to aggressively raise rates next year."Our gradual pace of raising interest rates has been an exercise in balancing risks," Powell said during a speech at the Economic Club of New York. "We know that moving too fast would risk shortening the expansion. We also know that moving too slowly -- keeping interest rates too low for too long -- could risk other distortions in the form of higher inflation."Powell noted that rates remain relatively low and that they are just below what many economists consider "neutral for the economy -- that is, neither speeding up nor slowing down growth."Investors seemed to interpret Powell's comments as a sign that the Fed, which is widely expected to raise rates again at a meeting next month, may now only hike rates once or maybe twice at most in 2019 as opposed to earlier forecasts of three or four hikes.The Dow's most cyclical stocks were among the biggest gainers. Shares of Boeing (BA), Caterpillar (CAT), Microsoft (MSFT) and Apple (AAPL) helping to lead the rally.In fact, only four Dow stocks -- Verizon (VZ), United Technologies (UTX), DowDupont (DWDP) and Procter & Gamble (PG) -- were trading lower Wednesday afternoon.Matthew Cheslock, a trader at Virtu Financial, told CNNMoney editor-at-large Richard Quest on "Markets Now" Wednesday that the market interpreted Powell's comments as meaning that we are "closer to normal rates. I think that was what really sparked the market to go higher."Cheslock added that some of Powell's remarks about the market not being in a bubble were reassuring as well.Powell's comments may assuage concerns about the Fed possibly going too far with rate increases, a criticism leveled by President Donald Trump.But Tobias Levkovich, Citigroup chief US equity strategist, told Quest that the market may be overreacting."I'm not dancing or partying right at the moment," he said, adding that the Fed has talked about gradual rate hikes "for a very long time." "Maybe [the markets] were just worried it would be worse," Levkovich said.To that end, Trump, who chose Powell to replace former Fed chief Janet Yellen, has often bashed him and the Fed on Twitter and in interviews for the rate hikes.In fact, Trump attacked Powell again in a Washington Post interview Tuesday, saying he was "not even a little bit happy" with Powell and that the Fed was making a mistake with so many rate hikes.Trump even added that sometimes decisions he makes with his "gut" matter more than what other people's brains tell him.Whether or not investors were using their guts or brains when deciding to jump back into stocks Wednesday remains to be seen. But it's clear that the bulls were back in charge on Wednesday."Markets Now" streams live from the New York Stock Exchange every Wednesday at 12:45 p.m. ET. Hosted by Quest and CNNMoney's business correspondents, the 15-minute program features incisive commentary from experts.You can watch "Markets Now" at CNNMoney.com/MarketsNow from your desk or on your phone or tablet. If you can't catch the show live, check out highlights online and through the Markets Now newsletter, delivered to your inbox every afternoon.The-CNN-Wire 3545
Former Trump campaign chairman Paul Manafort sought a plea deal before his trial in Washington, DC, federal court next month, but talks stalled over issues raised by special counsel Robert Mueller, The Wall Street Journal reported Monday, citing people familiar with the matter.Manafort was found guilty last Tuesday in a separate trial in Virginia federal court on eight counts of financial crimes, including tax fraud, bank fraud and hiding foreign bank accounts. He faces a second set of criminal charges next month in Washington of failure to register his foreign lobbying and money laundering conspiracy.The talks between the defense and prosecutors occurred last week as the Virginia jury was deliberating, people familiar with the matter told the Journal. The newspaper said it was unclear what issues Mueller raised or what terms for a potential plea might have been proposed.Representatives for Manafort and Mueller declined to comment to the Journal.The second trial is scheduled to begin on September 17 and is also related to Manafort's political consulting work in Ukraine. Mueller's office has almost three times as many exhibits?it wants to show a jury as it did in the Virginia case, indicating how expansive Mueller's investigation of Manafort has been. 1298