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Stocks broadly higher...Petrochemical fire claims filed...OxyContin settlement

March 26, 2019

NEW YORK (AP) — Stocks are broadly higher in afternoon trading on Wall Street. Technology companies have been powering the rally, with chipmakers among the biggest gainers.

HOUSTON (AP) — Hundreds of compensation claims have been filed against the Houston-area petrochemical storage facility that was heavily damaged by fire that burned for days. A senior vice president for International Terminals Company said that about 2,000 people have called their claims hotline and another 300 have submitted claims in writing, seeking lost wages and other damages.

TULSA, Okla. (AP) — A person familiar with the agreement says the maker of OxyContin and the family that owns the company have reached a $270 million settlement with the state of Oklahoma over the prescription painkiller’s role in the nation’s deadly opioid crisis. The state sued Purdue Pharma, the maker of OxyContin and other drugmakers, alleging they helped fuel the nation’s opioid epidemic.

WASHINGTON (AP) — The Trump administration has told a federal appeals court that it wants the entire Affordable Care Act, known as “Obamacare,” struck down. Previously, Trump’s administration had only called for parts of the law to go.

BOSTON (AP) — The world’s No. 5 supplier of PCs, Taiwanese computer vendor ASUS, acknowledges that its online automatic update service was hacked by what it called state-sponsored hackers. Security researchers say tens of thousands of computers were infected with malicious software, likely affecting more than 1 million computers to access infected machines. The company says the malware infected a small number of devices, targeting a very small, specific user group.