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NEW YORK (AP) -- The Dow Jones Industrial Average climbed above 27,000 for the first time ever Thursday. The S&P 500 also hit a closing high milestone of its own Thursday, a day after its first move above 3,000.Steep losses in drugmakers and real estate companies were offset by gains for banks and technology companies.Nvidia climbed 3.9% and Goldman Sachs rose 2.6%.Pharmaceutical makers dropped after the White House scrapped a plan to overhaul a system of rebates those companies pay to insurers and distributors.Bond yields spiked following weak demand at an auction for 30-year Treasurys.The S&P 500 rose 6 points, or 0.2%, to 2,999.The Dow rose 227 points, or 0.8%, to 27,088. The Nasdaq fell 6 points, or 0.1%, to 8,196. 744

NEW YORK (AP) — A tentative deal has been reached to settle multiple lawsuits brought against the television and film company co-founded by Harvey Weinstein, who has been accused of sexual misconduct by scores of women.Attorneys involved in the negotiations told a federal bankruptcy court judge during a hearing in Wilmington, Delaware, Thursday that a breakthrough in a still-unfinished mediation had put a settlement within reach.The amount of the deal wasn't revealed in court, but a person familiar with the negotiations told The Associated Press it was worth million. The person wasn't authorized to reveal details of the discussions and spoke on condition of anonymity."We now have an economic agreement in principal that is supported by the plaintiffs, the (New York attorney general's) office, the defendants and all of the insurers that, if approved, would provide significant compensation to victims, creditors and the estate and allow the parties to avoid years of costly, time consuming and uncertain litigation on all sides," Adam Harris, a lawyer for studio co-founder Bob Weinstein, told the judge.He cautioned that there was still "a lot of work here to do.""But," he added, "I personally am very optimistic."The size of the settlement was first reported by The Wall Street Journal.More than 15 lawsuits have been filed accusing Harvey Weinstein or the company of misconduct. The settlement would cover many of them, including a class action by alleged victims that accuses the film company of operating like an organized crime group to conceal widespread sexual harassment and assaults.It would also resolve a civil suit by the New York attorney general alleging that Harvey Weinstein's media company, in enabling his mistreatment of women, violated labor laws.The New York attorney general's office declined to comment on the amount of the settlement.Any settlement would need to be approved by the courts.Harvey Weinstein also faces criminal charges in New York of rape and performing a forcible sex act. His trial is scheduled to begin in September. The settlement wouldn't resolve his criminal case.Weinstein denies all allegations of nonconsensual sex.An attorney who represents unsecured creditors in the bankruptcy of the Weinstein film studio, Robert Feinstein, told U.S. Bankruptcy Court Judge Mary Walrath that mediation talks that had broken down a few months ago had recently been restarted.A global settlement of the class action lawsuit and all other legal action against the Weinstein Co. seemed to become possible only in the past few days, he said, though he cautioned that many details remained to be resolved."I think we are poised to get there. I can't assure the court that we will," he said.Harris said the settlement was complex due to the number of claims, and insurance companies, involved."We're dealing with potential claims here that go back . more than 25 years," he said, adding that the nature of the allegations had also made for "a highly charged environment, with very strong feelings on all sides."___Associated Press writer Randall Chase in Dover, Delaware, contributed to this report. 3151

NOGALES, Ariz. – In the war on drugs, the U.S.-Mexico border is the front line.According to Customs and Border Protection, the pandemic is changing how the cartel and other drug organizations are getting narcotics across and into the United States.“Initially we were seeing small football-shaped bundles [full of drugs] being thrown over the fence,” said Sabri Dickman, the border patrol agent in charge along a 33-mile stretch of border near Nogales, Arizona. “We’ve seen that expand to backpack operations with 100-plus pounds to catching vehicles loaded with 600-plus pounds.”The Nogales border crossing is one of the most exploited by Mexican drug organizations. According to CBP, of the more than 200 known underground tunnels that are used to traffic drugs across the southern border, 114 are located in Nogales.It also is one of the busiest as the Mariposa Port of Entry, the main thoroughfare between the countries in Nogales, ushers million in merchandise between the United States and Mexico each day, according to CBP.Mariposa Port Director Michael Humphries says 98% of the traffic that comes through the port is legal, but the 2% is now being used to traffic more hard narcotics like fentanyl, a synthetic opioid similar to morphine, but around 50 to 100 times more potent which makes it lethal even in small doses. Humphries says the hard narcotics are smaller, making them easier to conceal and transport as more can be trafficked in one trip.“We’ve seen an increase in fentanyl over the last year,” said Humphries. “Nogales is a small city [of] 20,000 people. Those tablets of fentanyl weren’t coming to the border. It was going way beyond. It was going to Vermont, and Ohio, Kentucky, and Detroit.”Humphries says in June alone, CBP seized 875,000 tablets of fentanyl from smugglers. It was part of a year that saw officers seize 9,500 pounds of methamphetamine, 900 pounds of fentanyl, and 1,000 pounds of heroine, even though traffic through the port has decreased 60 to 70% because of travel restrictions imposed because of the pandemic.Humphries says those restrictions have led drug organizations to recruit more Americans to smuggle their drugs instead of Mexican or Central American nationals, since U.S. citizens can travel more freely across the border. 2290

NEW YORK (AP) — Mail-in voting has gotten off to a rocky start in New York City, where election officials sent out a large number of absentee ballots with the wrong names and addresses on the return envelopes.The faulty ballots were sent to an unknown number of voters in Brooklyn and could result in ballots being voided if voters sign their own name on return envelopes bearing different names. More than 140,000 ballots have already been sent out so far across the borough. It was unclear how many people got the wrong envelopes.The city Board of Elections is blaming the problem on the vendor that was contracted to print and mail the ballots for voters in Brooklyn and Queens. Board of Elections head Michael J. Ryan says the proper ballots and envelopes will get to voters before the Nov. 3 election.But it’s unclear exactly how the city will handle voters who had already mailed their completed ballot back in the provided envelopes.Ryan said elections workers will reach out to voters by social media and, if available, by telephone and email addresses. And he said the board will ensure all received ballots are “appropriately processed” and tallied votes are “properly credited” to voters. 1207

NEW YORK (AP) — A 75-foot Norway spruce has arrived at New York City’s Rockefeller Center to serve as one of the world’s most famous Christmas trees. The tree was trucked in Saturday morning and lifted into place by a crane. The tree will be decorated over the coming weeks. It was donated by Al Dick of Daddy Al’s General Store in Oneonta in central New York. NBC says it's broadcasting the tree-lighting at 7 p.m. Dec. 2. No in-person spectators will be allowed this year because of the coronavirus pandemic. The pandemic has spurred the cancellation of other New York holiday customs including the Radio City Christmas Spectacular. 642