Stocks

Opioid drugmaker Insys Therapeutics files for bankruptcy

Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication.

Business Highlights

___ US stock market notches best week since late November NEW YORK — Wall Street turned the page on a painful May in the stock market by notching its best week since late November.

How major US stock indexes fared Friday

Stocks closed broadly higher Friday as investors bet that a report showing the U.S. added fewer jobs than expected last month increases the odds that the Federal Reserve will cut interest rates in coming months.