1. Purdue Pharma and the Sackler family tentatively reached a deal to settle thousands of lawsuits over the company’s role in the opioid crisis.

The settlement involves the dissolution of Purdue Pharma and the formation of a new company that will channel proceeds from its signature opioid, OxyContin, to the plaintiffs, including many municipal, tribal and state governments. The company will also donate “rescue” drugs to treat addiction and overdoses.

The Sackler family will pay $3 billion over seven years. The settlement does not include any admission of wrongdoing.