McKesson, AmerisourceBergen and Cardinal Health are all in talks regarding a settlement over their alleged roles in the opioid crisis. The potential deal with state and local governments may see the three drug distributors collectively pay $18 billion over 18 years. Wall Street Journal
Moody's chief economist, Mark Zandi, says there's an "uncomfortably high" risk of a global recession within the next year and a half. Zandi: "Even if we don’t have a recession over the next 12-18 months, I think it’s pretty clear that we’re going to have a much weaker economy." CNBC
Peter Fankhauser, the erstwhile CEO of Thomas Cook, denies being the one to blame for the travel giant's abrupt collapse. He is sorry it happened, though. A parliamentary committee in the U.K. heard from the Swiss executive that "multiple parties" were responsible. Asked whether he would repay taxpayers for the epic repatriation exercise that was needed to bring home 150,000 holidaymakers, Fankhauser—who took a $955,000 bonus a couple years ago—said he would "consider what is right but I'm not going to decide that today." BBC
The U.S. reportedly launched a cyber-attack against Iran's propaganda-spreading capabilities in the wake of last month's attack on Saudi oil facilities, for which the U.S. and Saudi Arabia blamed Tehran. An unnamed U.S. official told Reuters that the strike affected physical hardware. Reuters
More Confident CMOs
Many CMOs struggle to find a voice at the executive table. How can they elevate their influence and fully realize the role’s potential? Deloitte explores.
AROUND THE WATER COOLER
A whopping 70% of investors believe Elizabeth Warren will clinch the Democratic presidential nomination, according to a survey by banking advisory firm Evercore ISI. Warren's momentum is likely what led her rivals to round on her in yesterday's debate, taking the heat off Joe Biden for a while. Fortune
Carbon Border Tax
The EU is considering adding taxes to other countries' products at its borders, unless those countries meet EU climate standards. Incoming Commission President Ursula von der Leyen says the move is needed to "ensure that EU companies can compete on a level playing field." But, as the Financial Times reports, there's a risk that some may see the move as protectionist. FT
As Brexit talks between the U.K. and EU go down to the wire, Bloomberg has crunched some numbers and reports that the three years since the referendum have seen a notable jump in overseas acquisitions of British tech businesses. There were more than 200 such deals last year alone. Bloomberg
Apple's routing of Safari users' browsing data to Google may be very limited, and clearly intended for anti-fraud measures, but it could still break EU privacy law. And no, not the GDPR—rather, the now long-in-the-tooth ePrivacy Directive, which deals specifically with electronic communications. Fortune
This edition of CEO Daily was edited by David Meyer. Find previous editions here, and sign up for other Fortune newsletters here.