Business Report: Opioid settlement, offshore wind farm, lottery ticket sales

Business Report: Opioid settlement, offshore wind farm, lottery ticket sales

RHONDA SCHAFFLER, BUSINESS CORRESPONDENT | JULY 21, 2021 | BUSINESS REPORTNew Brunswick-based Johnson & Johnson and three drug distributors have agreed to pay $26B to settle lawsuitshttps://player.pbs.org/widget/partnerplayer/3057197244/?start=0&end=0&chapterbar=false&endscreen=false&topbar=true&autoplay=false

A deal has now been reached to settle thousands of opioid lawsuits. New Brunswick-based Johnson & Johnson and three drug distributors have agreed to pay $26 billion to settle government lawsuits arguing that their mishandling of the painkillers helped create a public health crisis. Johnson & Johnson will pay $5 billion as part of the settlement, which also includes McKesson, Cardinal Health and AmerisourceBergen, according to media reports. Local, county and state governments filed thousands of lawsuits seeking billions that were spent battling the opioid crisis.

One of the developers planning to build a wind farm off the Jersey coast has given an update on progress. Atlantic Shores recently received state approval for a 1,500-megawatt project on a portion of the lease that it owns; it expects the wind farm to be operational by 2027. But the company is hoping to build more than that and go a long way toward meeting New Jersey’s clean-energy goals.

The New Jersey lottery likes to say anything can happen in New Jersey, and that now includes record sales of lottery tickets. Sales for the fiscal year just ended totaled $3.68 billion, a 14% increase over the prior year. The lottery’s executive director said sales were boosted in part because consumers had fewer options for entertainment spending during the pandemic.

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