(Reuters) -The three largest U.S. drug distributors have agreed to pay $300 million to resolve claims by health insurers and benefit plans that they helped fuel the deadly U.S. opioid epidemic, according to court papers filed on Friday. The proposed class action settlement with McKesson Corp ( MCK ), Cencora Inc ( COR ) and Cardinal Health Inc ( CAH...

SHANGHAI (Reuters) -Shares of China's biggest e-commerce companies - Alibaba, JD.com and PDD Holdings - were dumped earlier this week on worries about pressure on their margins after low-price vendor PDD pledged to invest more for offering discounts. The three firms sell everything from beauty products, household items, electronics and food to hundreds of millions of people each month and...

SINGAPORE (Reuters) -Oil prices extended losses on Monday on expectations for higher OPEC+ production starting in October and as signs of sluggish demand in China and the U.S., the world's two largest oil consumers, raised concerns about future consumption growth. Brent crude futures fell 61 cents, or 0.8%, to $76.32 a barrel by 0450 GMT while U.S. West Texas Intermediate...

SHANGHAI (Reuters) - China's State Administration of Market Regulation (SAMR) said on Friday that Alibaba Group ( BABA ) had completed three years rectification following a record $2.75 billion fine levied in 2021 for monopolistic practices. The regulator said Alibaba ( BABA ) had achieved good results and that it would continue to guide the e-commerce giant to regulate its...