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NEWWARK, N.J. – OxyContin maker Purdue Pharma has pleaded guilty to three criminal charges and formally admitted its role in the opioid crisis.Tuesday's plea before a judge in Newark, New Jersey, is part of a larger settlement with the U.S. Department of Justice that also includes resolving civil claims.The Stamford, Connecticut-based company is to pay 5 million as part of the deal, while billion in forfeitures and penalties could be waived because of a proposed deal to resolve thousands of other lawsuits.Advocates are upset that the guilty plea applies only to the company and not executives or members of the Sackler family who own it.During Tuesday’s hearing, Purdue Pharma admitted to impeding the US. Drug Enforcement’s efforts to combat the addiction crisis and acknowledged it paid doctors to induce them to write more prescriptions for its painkillers.More than 750,000 people have died from drug overdoses since 1999, according to the Centers for Disease Control and Prevention (CDC).The CDC says two out of three overdose deaths in 2018 involved opioid, which are substances that work in the nervous system of the body or in specific receptors in the brain to reduce the intensity of pain.Since 1999, the CDC says overdose deaths involving opioid like prescription drugs and heroin have increased six times. 1337

NEW YORK (AP) — Pacific Gas & Electric says its equipment may have ignited the 2018 Camp Fire, which killed 86 people and destroyed an entire town in Northern California.The embattled utility, which filed for bankruptcy protection in January, said Thursday it's taking a .5 billion charge for claims connected to the Camp Fire in its fourth quarter earnings.The cause of the Camp Fire, the deadliest in California history, is still under investigation. But firefighters located the start of the fire near a tower on PG&E's Caribou-Palermo transmission line. PG&E says that transmission line lost power right before the fire and was later found to be damaged."We recognize that more must be done to adapt to and address the increasing threat of wildfires and extreme weather in order to keep our customers and communities safe," said John Simon, interim CEO of PG&E, in a statement. "We are taking action now on important safety and maintenance measures identified through our accelerated and enhanced safety inspections and will continue to keep our regulators, customers and investors informed of our efforts."PG&E also recorded a new billion charge related to the 2017 wildfires in Northern California, saying it still estimates it is facing wildfire liabilities in excess of billion.Citing extraordinary challenges from wildfires, PG&E's management concluded the circumstances "raise substantial doubt about PG&E Corporation's and the Utility's ability to continue as going concerns."PG&E also said there was an outage and downed wires in another location, called Big Bend, that morning. While fire officials have identified the second location as another potential ignition point of the Camp Fire, PG&E said it's unsure if that problem might have ignited the fire.The Caribou-Palermo transmission line has been out of service since mid-December, and inspections have identified equipment that needs repair or replacement, the company said. 1997

New York, New Jersey and Connecticut are imposing a 14-day quarantine on incoming travelers from states with a high transmission rate of the coronavirus."We worked really hard to get the viral transmission rate down, and we don't want to see it go up," New York Gov. Andrew Cuomo said. "So we are jointly instituting that travel advisory today."The travel advisory will apply to states with two criteria: States that have an infection rate above 10 cases per 100,000 people and states where 10% of the total population test positive. Both criteria are measured on a seven-day rolling average.As of Wednesday, the states that the travel advisory applies to include Alabama, Arizona, Arkansas, Florida, North Carolina, South Carolina, Washington, Utah and Texas.This story was originally published by Lauren Cook and Mark Sundstrom on WPIX. 846

NEW YORK (AP) — Citigroup's Jane Fraser will become the first woman ever to lead a Wall Street bank when she succeeds CEO Michael Corbat in February. The New York bank announced the succession Thursday. Fraser is currently head of Citi's global consumer banking division, a major part of the bank that oversees checking and savings accounts but also Citi's massive credit card business. For 16 years, Fraser has worked in various departments within Citi:- 2015-19: Chief Executive Officer of Citi’s Latin American region.- 2013-15: Chief Executive Officer of the U.S. Consumer and Commercial Banking and CitiMortgage. - 2009-13: Chief Executive Officer of Citi's Private Bank. - 2007-09: Global Head of Strategy and Mergers & Acquisitions.In 2004, she joined the company in its Corporate and Investment Banking division.She previously worked at McKinsey & Company, Goldman Sachs, and Asesores Bursátiles.Fraser also serves as a member of the Board of Dean’s Advisors at Harvard Business School and Stanford University’s Global Advisory Council. She's also a member of the Council on Foreign Relations.She earned her M.B.A. from Harvard Business School and an M.A. in economics from Cambridge University.Fraser's climb to the CEO role is a major accomplishment in an industry long dominated by men. Corbat led Citigroup for eight years, rebuilding the company after it nearly collapsed during the Great Recession and 2008 financial crisis.Corbat had been with the company for 37 years. 1500

NEW YORK CITY, NY -- New York Police Department Deputy Inspector Stewart Loo says he's going to do something about hate crimes targeting Asian Americans in the city.He says it's close to his heart."This hit home for me because I have friends, families who are legitimately afraid to go outside because they have feared for their safety.”The new task force was introduced Tuesday by Chief of Detectives Rodney Harrison."This task force has been built and will continue to build trust and understanding between the NYPD and Asian New Yorkers,” he said.The task force was put together in response to a rise in hate crime attacks on the Asian community amid the coronavirus pandemic. A result of the harsh rhetoric surrounding the virus, which is believed to have originated in Wuhan, China, before spreading around the globe.Some Asian New Yorkers bore the violent backlash of rhetoric gone wrong. There have been 21 attacks in the city since March."Asian New Yorkers were attacked on trans, buses, [in] parks, restaurants and walking in their own neighborhoods,” said Harrison. He praised the hate crimes task force for clearing about 17 arrests but admitted the reluctance on the part of some victims to follow up with the active investigations due to language barriers, cultural differences, or even fear of the police.This story was first reported by Craig Treadway at WPIX in New York. 1395