mckinsey needs to pay up.ith this nearly $600 million consent judgment, where that money will go right into our state swe can use that money to help treat people, to help with the recovery effort. but i hope it sends a message loud and clear, you know, to those entities out there who are willing, it seems, all too willing to put profits ahead of people. there's a price for that. and i'm proud of the work-- >> yeah, and i know, attorney general, that you are continng to pursue a case against purdue pharma as well. we'll have to leave it there. but maura healey, the continual, from the great state of massachusetts, thank you so much for joining us. >> good to be with you, stephanie. thank you.■ç >> woodruff: now to a marriage of science and art, onstage and in real life, from a leading playwright and pioneering researcher into the causes and effects of pandemics. jeffrey brown has the story for our ongoing arts and culture seriescanvas. >> all right, okay. what... what is this? >> brown: what is it? a play, in t

so mckinsey needs to pay up.paying up big time with this nearly $600 million consent judgment, where the money will go right into the states soe can use that money to help treat people, to help with the recovery effort. i hope it sends a message loud and clear to those entities out there who are willing, it seems, all too willing to put profits ahead of people. there is a price for that. i am proud of the work. stephanie: i know that you are continuing to pursue a case against purdue pharma as well. maura healey, attorney general of massachusetts, thanks for joining us. maura: good to be with you, stephanie. thank you. ♪ judy: now to a marriage of science and art, onstage and in real life, from a leading playwright and a pioneering researcher into the causes and effects of pandemics. jeffrey brown has the story for our ongoing arts and culture series, canvas. >> this is -- what is this? jeffrey: what is it? a play, in the time of pandemic, about how pandemics happen. >> i try to predict new pandemics. if you can

tensions companies policymakers educators everyone has to act thank you very much susan and from mckinsey global insights they're talking about the future of work there for us thank you very much thank you. and now it's electric motors for fishing boats on africa slave victoria a german dutch startup base in kenya hopes replace the polluting gasoline engines currently being used the company says the electric motors are not only environmentally friendly going quieter they're also cheaper. thousands of fishing boats head out on to kenya's lake victoria every day fueled by expensive and environmentally damaging gasoline. now german dutch start up a suitable has come up with an electric alternative that's cheaper and causes less air and water pollution. we are barred like the larger global. electric. it's a no brainer because we as humans we need to take much more. resources our. natural resources. for an unlimited. local fisherman can rent the electric engines for a monthly fee which includes training maintenance and a solar powered charging service. says the running costs are 25 percent low

mckinsey appears to be a particularly poisoned chalice the firm recently agreed to pay more than half a $1000000000.00 to settle lawsuits brought by u.s. states it was accused of fueling the opioid epidemic for its work boosting the sales of oxycontin a painkiller not a squeaky clean reputation for a firm helping the vaccine. it's a big scam yes for me it's a scam i don't have much to say personally but it's a scam and i'm not really surprised after all it's the government so it is bizarre it's not spoken about in the newspapers here you've spoken about it and we don't talk about it on television or in the newspapers the things that are said in our country it can mean nothing but in another country it's a scandal what can we do here in front of no government toying consultancy firms. uncommon these days but what has surprised me is just how quickly this appears to be accelerating calls government to sign some 575 contracts with consultancy firm since october 28th covering everything from economic recovery to. public sector. big business to be. for around 10 percent of their overall pr

the lucrative contracts signed with mckinsey and not initially disclosed to the public was supposed to help ensure vaccine doses could be transported across france work you might think is perfectly suited to france's vast network of civil servants so the fact that it's been contracted out to us firm is that many with a bitter taste in their mouths. in government as in our hospitals consulting firm sort of policing public administration at astronomical cost why such contempt for civil servants. what an admission of an effectiveness and helplessness and our whole state apparatus what is it for absolutely amazing what is mackenzie doing there we have a ministry of health a ministry of the interior and a ministry of defense that know how to manage crises if we know how to mobilize them this is decay of the state. mackenzie appears to be a particularly poisoned chalice the firm recently agreed to pay more than half a $1000000000.00 to settle lawsuits brought by u.s. states it was accused of fueling the opioid epidemic for its work boosting the sales of oxycontin a painkiller not a squeak

and advice from what's really got people angry here is just how close the consultancy firms like mckinsey are to president macro and with toys going back many years and with such sons lining the pockets of a private american consultancy firm at the same time when the economy here is being laid low by the pandemic many are now asking questions so much even see. the armenian president has rejected a controversial order to sack the armed forces chief and send the document back to the embattled prime minister becomes a huge opposition rallies were held and they are baited capital with crowds calling for the pm to quit. has been following the protest to. the fact that the president of armenia hasn't signed the order to dismiss army's top commander is deemed as a small victory for the opposition in the ongoing standoff between the prime minister he called and the top military command that news was greeted with the allowed round of applause from the crowd and you know let's hear from the people on the streets who we asked what they think of passion on. today in accordance with the armenian const

consulting giant mckinsey has reportedly agreed to a $573000000.00 settlement over its role in the us opioid epidemic mckinsey advised purdue pharma the now bankrupt maker of oxycontin as well as other drug makers to aggressively market opioid painkillers according to lawsuits. shell has reported a net loss of nearly $22000000000.00 for 2020 that follows similar losses for other oil titans like b.p. and exxon mobil shell says it may now need to cut production and has previously announced job cuts of around 9000 worldwide. u.s. treasury secretary janet yellen is meeting financial regulators thursday to discuss the game stop stock trading frenzy shares in the videogame retailer had surged more than 1600 percent as users of the reddit for wall street bets banded together to drive the stock higher that rally left hedge funds betting against the stock with huge losses and spurred complaints that the reddit users were manipulating the stock now the stock is on track to lose more than 70 percent this week silver and other stocks including movie theater chain amc have also been hit by the tur

support and advice from what really got people angry is just how close the consultancy firms like mckinsey are to president with toys going back many years and with such sons lining the pockets of a private american consultancy firm at the same time when the economy here has been laid low by the pandemic many are now asking questions so much even ski r.t. . joe biden ordered his 1st major military act as u.s. president this week with a strike on a radio backed militia groups in syria his administration defended the move saying it was both legal and a proportionate military response. the strike was authorized in response to recent attacks against american and coalition personnel in iraq and i think to president biden's order he made clear that the united states will act to protect american and coalition personnel and our security interests in the region. a number of senior democrats in congress condemned by the move they claim the strikes were made without the authorization of lawmakers over there for a breach of the constitution but the president did win support from some opposition republ

mckinsey has not admitted guilt.escription opioids in the past two decades. the brazilian mining firm, vale, has agreed to pay seven billion dollars in compensation after the collapse of a dam two years ago. 270 people died, when the bruma—din—y0 dam gave way, unleashing a torrent of toxic mud. vale has reached a settlement with the state — to pay compensation to survivors and relatives of the victims. the french government says, it's not considering imposing a new national lockdown, even though the situation remains �*fragile', according to prime minister. the authorities are hoping to have given more than 4 million people their first shot of the oxford — astra zeneca jab by the end of february. there's been international condemnation of china after the bbc reported claims that women in so—called re—education camps for the uighur muslim minority are being raped and tortured. presidentjoe biden and the british government are now calling on beijing to allow independent investigators into the camps. china has denied th

pandemic has actually accelerated many of these trends however a report this month by consultants mckinsey says automation is taking over jobs where humans were once regarded as indispensable jobs which involve a high level of face to face contact. that includes customer service health services and the care sector mckinsey says the pandemic has accelerated this shift robots are helping solve problems in the pandemic but could the rollout of automation be going too far. now the covert pandemic has pushed automation much faster than it might have come otherwise earlier i asked susan lund of the mckinsey global into to it whether the world's labor force was ready for the. well the pentagon created a lot of changes that i don't think anyone was ready for but one of the things we're seeing is that companies have to respond quickly and technology help them do that digital technologies like e-commerce as well hands robotics and a young i help them keep their businesses going and that's going to continue to have long lasting impacts on where the jobs are going to be in the future now can companies

mckinsey has not admitted guilt.om overdoses of prescription opioids in the past two decades. the brazilian mining firm, vale, has agreed to pay seven billion dollars in compensation after the collapse of a dam two years ago. 270 people died, when the dam gave way, unleashing a torrent of toxic mud. vale has reached a settlement with the state — to pay compensation to survivors and relatives of the victims. a hotel quarantine scheme for uk residents returning from coronavirus hotspots is expected to come into force on the 15th of february. the government says that's the date it's aiming for. it's thought that hotels will be asked to provide accommodation for more than 1,000 people a day. it comes on the day the total death toll from coronavirus passed 110,000. here's our political editor, laura kuenssberg. even firefighters are on the streets at home in some parts of the country, helping to track the swift spreading south african variant of the virus. but the government has been under attack over how they've tried to

mckinsey says the pandemic has accelerated this shift. robots are helping solve problems in the pandemic but could the rollout of automation be going too far. now the covert pandemic has pushed automation much faster than it might have come otherwise earlier i asked susan lund of the mckinsey global institute whether the world's labor force was ready for the . well the pentagon created a lot of changes that i don't think anyone was ready for but one of the things we're seeing is that companies have to respond quickly and technology help them do that digital technologies like e-commerce as well as robotics and a young guy help them keep their businesses going and that's going to continue to have long lasting impacts of where jobs are going to be in the future now can companies be trusted to equip their workforce to adapt to automation instead of simply getting rid of those jobs. well many companies are investing a lot in retraining their workforce to do other things so if you think about in grocery and retail stores when they're shifting t

level of face to face contact that includes customer service health services and the care sector mckinsey says the pandemic has accelerated this shift robots are helping solve problems in the pandemic but could the rollout of automation be going too far. now let's pick up on those themes that susan learned from mckinsey global insight she's one of the authors of that report you mentioned while from susan now the coven pandemic is pushing automation much faster than it might have come otherwise was the world's labor force ready for it. well the pentagon created a lot of changes that i don't think anyone was ready for but one of the things we're seeing is that companies have to respond quickly and technology help them do that the digital technologies like e-commerce as well hands robotics and a young guy help them keep their businesses going and that's going to continue to have long lasting impacts on where the jobs are going to be in the future. now can companies be trusted to equip their workforce to adapt to automation instead of simply getting rid of those jobs. while many companies are

however a report this month by consultants mckinsey says that thanks to the pandemic automation is also exhilarating the takeover of service sector jobs that goes beyond health care and includes hospitality for customer service teaching and the care sector these jobs which involve a high level of face to face contact an area where humans will once regarded as indispensable. and on to some of the other global business stories making news. japanese factory output grew for the 1st time in 3 months in january and another sign of the country's economic recovery the trade ministry said industrial output rose 4.2 percent from the previous month with production of memory chips cost of machines climbing. meanwhile the u.s. economy grew slightly faster than expected in the 4th quarter with official numbers picking g.d.p. at 4 point one percent but overall it contracted 3 and a half percent due to the pandemic for the full year the biggest drop since world war 2 analysts expect a quick rebound as the vaccine rollout continues. fast fashion chain prime ogg hopes to offload more than 465000000 euros

mckinsey and company decided to settle claims stemming from the opioid epidemic.firm will pay 550 million dollars to end lawsuits by four dozen states. they claim that mckinsey helped fueled the opioid crisis by providing marketing rights to drugmakers -- makers. the largest smartphone chipmaker warned that it is struggling to meet demand, another sign that the semiconductor shortage is spreading. remote work has spurred demand for computers and combine has surged as people avoid public transport. that has led auto and electronic masers deck electronic makers to boost their production. consumers are considered equity rich meaning that there properties are worth more than their mortgage. it goes to 17.8 million. on the other hand, underwater homes, those worth less than the mortgage are over 10% in the south and midwest. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ >> small businesses around the country, so many of them have closed. they are the li

consulting giant mckinsey has reportedly agreed to a $573000000.00 settlement over its role in the us opioid epidemic mckinsey advised purdue pharma the now bankrupt maker of oxycontin as well as other drug makers to aggressively market opioid painkillers according to lawsuits. shell has reported a net loss of nearly $22000000000.00 for 2020 that follow similar losses for other oil titans like b.p. and exxon mobil shell says it may now need to cut production and has previously announced job cuts of around 9000 worldwide. u.s. treasury secretary janet yellen is meeting financial regulators thursday to discuss the game stop stock trading frenzy shares in the videogame retailer had surged more than 1600 percent as users of the reddit for wall street bets banded together to drive the stock higher that rally left hedge funds betting against the stock with huge losses and spurred complaints that the reddit users were manipulating the stock now the stock is on track to lose more than 70 percent this week silver and other stocks including movie theater chain amc have also been hit by the turb

mckinsey and company has reached an agreement with attorneys general in 44 states and territories. this settlement comes after documents revealed how the firm helped drive sales of purdue pharma's oxycontin that's the drug the government claimed helped fuel the opioid crisis in this country if the n first place. according to the settlement, north mckinsey does not admit to wrong doing. 243,000 americans have died from prescription opioid overdoses since 2000 one piece of coronavirus relief that all scientists agree has to be tackled is the high rate of child poverty in the country three different solutions emerging now first, president biden's it's included in his relief proposal it expands the federal tax credit, $3,600 per child every year the administration says that will help cut child poverty in half senator mitt romney's response to that, another plan, one that gives households monthly cash payments, up to $4,200 each year per child, and today another new push for baby bonds from senator cory booker and congresswoman ayanna pressley, under their plan, every child would get $1

a consulting firm, mckinsey and company has agreed to pay almost $600 million for boosting u.s.as overdoses surge. court documents show that mckinsey worked closely with purdue pharma to aggressively market oxycontin. still to come, on the newshour, we examined the ongoing aftermath of arrests and accountability in the wake of the capital insurrection. i disconnect between supply and demand leads to frustration over the pace of vaccinations in virginia. a new report outlines the future for the war in afghanistan and much more. ♪ >> this is the "pbs newshour" from the view eta studios in washington and in the west from arizona state university. judy: one month ago this saturday, a mob of americans stormed the capitol in a failed attempt to deny joe biden's victory in the november election. the department of justice has arrested and charged rioters, and the biden administration has launched a review of what it calls domestic violent extremism. nick schifrin provides an update on the criminal consequences so far and the threat that remains persistent. and then yamiche alcindor has

consulting giant mckinsey has reportedly agrees to $573000000.00 settlement over its role in the us opioid epidemic mackenzie advised her to pharma the now bankrupt maker oxycontin and other drug makers to aggressively marketing people painkillers holding 2 lawsuits. and shell has reported a net loss of nearly $22000000000.00 for 2025 similar losses for other titles like b.p. and exxon mobil shell says it may now need to cut production and has previously announced job cuts around 9000 point. the e.u. and the u.k. looking into invidious $40000000000.00 acquisition of british chip designer own competitors say the company will have an unfair advantage chip designs are widely used by apple samsung and other small items. now every day tens of thousands of people cross from the czech republic into germany for work many of them are employed in industry or in the health care and hospital sectors but coronavirus restrictions are making the crossing a lot more complex. 7 in the morning in fulton violet on the chick german border yuri burma is on his way to work in germany to enter the country he has

in a $573 million settlement, dozens of states have sued mckinsey & company claiming the firm advised drugmakers on how to boost sales. most of the money will help fight the opioid crisis. >>> and we turn now to ohio where the former columbus police officer who shot and killed a black man has been with murder. adam coy was among the officers responding to a noise complaint when he heard andre hill -- excuse me, when he shot andre hill who was not armed but was carrying a cell phone. video shows coy standing over hill for five minutes without giving first aid. the attorney general says the indictment sends a message. >> the vast virtue of law enforcement is diminished by the very few bad actors among its ranks, and only by holding a bad actor accountable can that virtue be sustained. here's what i mean in plain english, same rules for everybody. >> coy said he thought hill's phone was a gun. >>> time now for a look at our thursday weather. those ice boulders along the shore of lake michigan will get some snow on them today. a winter storm is bringing blizzard conditions to iowa and oth

mentioned holland that so many jobs in the future don't even exist today and they actually have quote a mckinsey says that 87 percent of senior executives say that the skills that they need in their organization don't even exist so rescaling is a huge trend also the rise of what would be the basically the contact free economy we've seen this and it's been accelerated during coded what were the contacts a couple of contactless economy bring it brings lots of things it brings more digital commerce it brings automation in terms of whether we're human it's a good example of this of course can academy and we've seen what's happened with teachers unions even in fairfax county for example they demanded that they should have vaccines once the vaccines were issued to them they still wouldn't go back to work what do you think there's going to be a lot of teachers in the future and no parents across this nation aren't gas with how that the teachers unions have behaved during this so you will see a lot of contact less education it will touch every single aspect of business and then there are certain industr

which is taking the lives of more than 4 100000 people in the united states since 1990 selling for mckinsey and company will pay out at least $573000000.00 to do its work advising oxic out maker producer and other drug makers to market the painkillers that the deal allows and can do to avoid civil lawsuits that could be brought against the company the majority of the settlement made with more than 40 states will be paid right away while the rest will be doled out in 4 year lease payments beginning next year this is the 1st nationwide settlement made amid the opioid crisis as some companies have reached deals with individual states to avoid trial a $26000000000.00 settlement with 3 distributors and johnson and johnson has been negotiated for more than a year but no final deal has been announced. and a follow up to a story we did wednesday u.s. treasury secretary janet yellen said thursday that she and financial regulators need to work to quote deeply understand what happened with the read if you will game stop surge before she is ready to take action yellen told a.b.c.'s good morning america

jillian: this comes as mckinsey and company helped the state's health department author the report in home desk, the job approval rating has fallen 10 points since the scandal broke. todd: this marks the beginning of lent in the ash wednesday tradition, the vatican recommending clergy spring glasses rather than apply directly to people's for his. some churches may offer take-home passages, still limited in some states. this is odd. ash wednesday and the lent season an important time in church. is going to be really difficult. around last year this time - 9 minutes after the hour, an investigation into a key energy company as millions remain without power. climate depot.com publisher mark moran this is a preview of the green new deal. jillian: a health inspector coming camera dancing after shutting down the business for covid-19 restrictions. the brewery didn't break any rules. ♪♪ type 2 diabetes can have a big impact on your life. but how can it be prevented? well, the first step is knowing if you something called prediabetes. take the 1-minute risk test today at doihaveprediabetes.or

jillian: in a landmark settlement mckinsey and company agrees to pay $573 million for its role in thet of money can make up for the loved ones they lost like kurt jonah who lost his son jack to an overdose in st. george lost his brother corey. thank you for being here. when you heard the news of this settlement what was your reaction? >> we can educate about this opioid crisis can't be enough. when i saw this settlement, what the prescription opioids have done. we have 42,000 deaths in 2016, 47,000 in 2017, 46,920, and opioid recovering addicts. the journey using heroin, with prescription medicines. jillian: 573 million doesn't bring back your loved ones. >> like in kermit, west virginia, and hydrocodone tablets in a town of 400 people and $10 million. where does that money go? we are in the midst of a pandemic in the depths of despair during this pandemic, there is an unsettling rise. people who have died as a result of overdoses. last year during the pandemic. this is not going away. $573 million, a drop in the bucket for companies that made billions of dollars off of this. jillian:

. >> mckinsey study from december found students on average could lose 5 to nine months of learning by end of the school year. >> an urgent manhunt underway after a police officer was shot in texas, the sheriff amazing photos of the wanted suspects, their they are right there. police sergeant joseph holden was shot point blank when responding to a suspicious person's call. the suspect kept shooting as he ran for cover. is fighting for his life right now in the hospital. the department says he is in critical condition. >> new york city in court orders the state to release data on nursing home does, the court ruling governor cuomo has 5 days to respond to a freedom of information request following a lawsuit demanding the data be released. meanwhile new york republicans are asking the doj to subpoena cuomo over his handling of covid-19 nursing homes. >> i warned you about this yesterday. listen to this. the barber for the kansas city chiefs received his positive covid-19 test results in the middle america of the players was he is been recording he was in the chair when the barber got the

mckinsey and company has agreed to settle claims stemming from the opioid epidemic.he consulting formal pay more than $550 million for roughly four dozen states. the suits claim they helped fuel the opioid crisis by providing marketing advice to drugmakers. more than 30% of u.s. property owners are considering are considered equity risk of admitting the property is worth twice as much as the underlying mortgage according to reports. on the other hand, underwater homes, those worth less and the mortgage come are now over 10% in six states in the south and midwest. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. francine: coming up next, we speak with wolfango piccoli. we talk politics, italian politics, the trade that involves mario draghi and whether you can parliamentary majority. capitol ♪ i francine: this is "bloomberg surveillance." mario draghi accepted and mandate to help form a government in italy and will send out parties now for support. the f

todd: let's look at this mckinsey study. this is scary.ts on average could lose 5 to 9 months of learning by the end of june of 2021, students of color could be 6 to 12 months behind compared with four to eight month for white students. this is particularly personal to me because my neighbor is a sixth-grade student, a person of color and he is struggling so much right now and this hurts me. i try to do things, we do science projects but at the end of the day i am not a teacher. i don't know what i am doing. i want this kid to succeed and yet it seems these teachers unions put their interests above not only the students but above the teachers. a ton of teachers, i come from a family of teachers, they don't like teachers unions. >> so many teachers have reached out to me and said they support opening schools backup. the chalkboard review, the same thing, the unions at this point are still against school closures, the schools that have opens both public and private schools in baltimore are doing it, having fun, laughing at recess together, t

mckinsey and company has agreed to settle claims stemming from the opioid epidemic.sulting firm will pay 540 -- $540 million to end lawsuits. frames are that they helped fuel the opa crisis by providing marketing advice to drugmakers. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. alix: thank you. to the moon, stocks are coming back to earth as gamestop and black retrade at the lowest level in about two weeks. member last week when gamestop was at quote -- was at 490. abigail: let us look at that because that has been incredible for some of these stocks, really amazing moves during the month of january. what we are taking a look at in blue, these are the basket, 50 stocks restricted by robinhood, and at the high, more than 80% in a month. it is incredible that you could have 50 different stocks up that much. it is not so shabby at this point, up 2%, that is the degree of the outperformance for amc and gamestop. in the month of january, gamestop up 11%. i

mckinsey and company has agreed to settle claims stemming from the opioid epidemic.onsulting firm will pay more than $550 million to end lawsuits by roughly four dozen -- roughly four dozen states. more than 30% of u.s. property owners are considered equity rich. that means property is worth twice as much is worth twice as much as the underlying mortgage. the count of equity rich properties rose to 17.8 million of the 59 million mortgaged homes. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> we need to stock the material that is produced globally. and then if you are missing certain parts and you can't get it out of a certain country because there are restrictions or whatever, this is the bit where it is struggling. jonathan: the real worry for the health care community worldwide. from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the equity market, a quick snapshot for