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Nassar sex abuse victims, university reach $500 million settlement: attorneys

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Sexual abuse victims of disgraced gymnastics Dr. Larry Nassar and Michigan State University have reached a settlement in principle in which the university will pay $500 million, attorneys for both sides said in a joint statement on Wednesday.

Under the settlement, $425 million will be paid to the 332 victims represented in current litigation, while the university will set aside another $75 million in a trust fund which could go to future plaintiffs who allege they were abused by Nassar, the attorneys said.

“This historic settlement came about through the bravery of more than 300 women and girls who had the courage to stand up and refuse to be silenced,” plaintiffs’ attorney John Manly said.

“Michigan State is pleased that we have been able to agree in principle on a settlement that is fair to the survivors of Nassar’s crimes,” said Robert Young, special counsel to the university.

Reporting by Peter Szekely in New York; editing by Chizu Nomiyama and Jonathan Oatis

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Record plunge in manufacturing for New York region: NY Fed

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Manufacturing activity in New York State took a record dive this month and fell into contraction, suddenly reversing recent gains, the Federal Reserve Bank of New York reported Monday.

The surprising drop was another worrying sign for the US manufacturing sector, a day ahead of the start of a Federal Reserve meeting that comes as markets clamor for signs the central bank will cut interest rates soon to preserve economic growth.

Manufacturing has been a weak spot for the American economy this year as global demand slows and President Donald Trump pursues a multi-front trade war with some of America's largest trading partners.

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Egypt’s ousted President Mohammed Morsi collapses and dies in court, state TV says

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Mohammed Morsi, the former Egyptian president who was ousted by the military in 2013, has died after collapsing in court, state TV said on Monday.

Egypt's public broadcaster said the 67-year-old former president was attending a session in his trial on espionage charges when he blacked out and then died. His body was taken to a hospital, it said.

Morsi, who hailed from Egypt's largest Islamist group, the now outlawed Muslim Brotherhood, was elected president in 2012 in the country's first free elections following the ouster the year before of longtime leader Hosni Mubarak.

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NBC SCOTUS reporter Pete Williams: ‘I don’t know what the Court wins’ in anti-gay Sweetcakes case ‘except time’

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NBC News' Pete Williams has won three national news Emmy awards. He has a reputation for offering very factual reports with little to no personal opinion. Williams for decades has primarily covered the U.S. Supreme Court and Justice Department.

Monday morning on MSNBC Williams gave his report on the Supreme Court's order in the "Sweetcakes" case, involving an Oregon Christian couple who refused to bake a wedding cake for a same-sex couple. The case is exceptionally more complicated than that – including alleged doxxing of the same-sex couple and the subsequent death threats they say they received.

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