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U.S. markets news

What Mylan's EpiPen Cost Scandal Says About the Drug Price Problem
Following a weeklong firestorm over its EpiPen price hikes—crescendoing Wednesday with rebukes from Hillary Clinton and the White House—Mylan myl offered an olive branch on Thursday in the form of a coupon.
Discounts Aren't Enough to Halt Outrage At High EpiPen Prices  NPR
Pricing of EpiPens merits scrutiny, committee hearings  The Hill (blog)
Fox News  
How Walmart Won Back Shoppers From Dollar General
The world's largest retailer hit its dollar store competitor, hard. Dollar General DG -17.63% has been cutting prices by about 10% on hundreds of staples like milk and eggs as it looks to keep customers who are drifting back to Walmart.
Price wars heat up as dollar store echoes Wal-Mart's battle cry  CNBC
Walmart, Kroger, and Dollar General are slashing prices  Business Insider
California Aims Retirement Plan at Those Whose Jobs Offer None
Couples along the beach in California, where a mandatory, state-run retirement plan will call for employers to automatically enroll workers, then start deducting 3 percent from each paycheck.
California Heads Toward Offering Public Retirement Accounts  Wall Street Journal
Have 401(k)s "Wreaked Havoc" on Retirement Saving? Hardly.  Forbes
For once, Amazon is taking a page from Walmart's playbook
Amazon appears to be planning to let US customers order groceries online and pick them up at designated drive-in spots, according to planning documents reviewed by several local news outlets.
Amazon expands Prime Now options with pet-supply deliveries in the Seattle ...  GeekWire
Amazon may be planning 'click and collect' grocery  USA TODAY
St. Jude stock shorted on heart device hacking fears; shares drop
The stock of pacemaker manufacturer St. Jude Medical Inc (STJ.N) fell sharply on Thursday after short-selling firm Muddy Waters said it had placed a bet that the shares would fall, claiming its implanted heart devices were vulnerable to cyber attacks ...
Hackers Could Make a Killing After Finding Vulnerability in Hospitals' Tech  Gizmodo
Unorthodox Muddy Waters Partnership Targets St. Jude's Devices  Bloomberg
Why the EU's Tax Probe of Multinationals Is Raising US Ire
BRUSSELS - The European Union's campaign to crack down on tax avoidance by multinationals has drawn unusually public criticism from the U.S.
US Treasury Complains Over EU Tax Probe Into Apple - JP Morgan Entirely ...  Forbes
Brussels rebuffs US attack on EU tax investigations  Reuters
Berkshire's Jain Tells Gen Re Staff to Fix 'Problem' With Costs
Ajit Jain, one of Warren Buffett's top managers at Berkshire Hathaway Inc., has a message for the staff that he oversees at Gen Re: It's time for their business to get much leaner and less bureaucratic.
Berkshire's Jain takes aim at costs at Gen Re  Seeking Alpha
Buffett's company buys more Phillips 66 shares  Houston Chronicle
Wall St. slips on healthcare, consumer names; Fed eyed
U.S. Federal Reserve Chair Janet Yellen speaks during a news conference following the two-day Federal Open Market Committee (FOMC) policy meeting in Washington, DC, U.S.
Global markets subdued ahead of Fed speech, healthcare stocks dip  The Fiscal Times
Global markets subdued ahead of Yellen speech, healthcare stocks dip  StreetInsider.com
Son of Russian Parliament member convicted in massive hacking, ID-theft scheme
A Seattle jury convicted Roman Seleznev of stealing millions of credit-card numbers from U.S. businesses, including restaurants in Washington.
Son of Russian lawmaker convicted of masterminding global online theft ring  CBS News
Russian lawmaker's son convicted in US for hacking scheme  Reuters
7 Things To Remember When Inflation Returns
The problem for much of the global economy since the Financial Crisis of 2008 has been a lack of inflation. The banking system seized up, and loans were hard to come by for a couple of years.
The Fed Knows How to Hit Its Target  Bloomberg
Years of Fed Missteps Fueled Disillusion With the Economy and Washington  Wall Street Journal