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Pfizer to buy antibiotics from AstraZeneca for $725 million
Pfizer agreed to buy an antibiotics business from AstraZeneca for $725 million as well as other payouts, settling for one piece of a company it once tried to acquire.
Pharma Giant Finally Spending Its Money On Drugs, Not Tax Dodges  Huffington Post
Pfizer Strikes Deal With AstraZeneca for Rights to Antibiotics Businesses  TheStreet.com
The News Journal  
Politics|US Home Sales Fell in July Amid Inventory Shortage
WASHINGTON - US homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
US Existing Home Sales Fall for First Time Since February  Wall Street Journal
Existing home sales tumble amid low inventory, higher prices  USA TODAY
Uber's Latest Perk for Drivers Is a Fancy Savings Management Service
Drivers in select cities will get to sign up for Betterment without fees for the first year. Uber doesn't recognize its drivers as employees, but it wants to help them save for retirement.
Uber offers retirement plans. Will it appease drivers fighting for basic ...  Christian Science Monitor
Uber offers drivers free retirement planning before robots eventually take ...  The Verge
Coal towns hit by layoffs to get job grants from US gov't
HUNTINGTON, W.Va. (AP) - U.S. communities hard hit by coal industry layoffs in eight Appalachian states and Texas are being promised more than 3,000 jobs in several industries through a multimillion-dollar federal grant.
Appalachian coal towns hit by layoffs to receive funding boost  witf.org
White House Announces $38.8 Million in Grants to Coal Country  Morning Consult
Congressional Budget Wonks to Fed: You Probably Aren't Going to Raise Rates as ...
Not even the U.S. Congressional Budget Office is buying the Federal Reserve's projected path for interest rates in coming years, starting with some central bankers' insistence that a hike next month is possible.
Federal Deficits Explode — Is Anyone Paying Attention?  Investor's Business Daily
10-Year Deficit Seen Down on Lower Interest Costs: CBO  Bloomberg BNA
Bed Bath & Beyond to Audit Egyptian Cotton Supplier
NEW DELHI—Bed Bath & Beyond Inc. said Wednesday it had started an audit to determine if an Indian supplier had sold it authentic Egyptian-cotton products, days after Target Corp.
J.C. Penney, Bed, Bath and Beyond and Walmart start investigating Indian ...  Quartz
Bed Bath & Beyond (BBBY) Stock Rises, Hires Auditor to Review India ...  TheStreet.com
2 Days After Cash Delivery, US Paid $1.3 Billion to Iran
The Obama administration said Wednesday it paid $1.3 billion in interest to Iran in January to resolve a decades-old dispute over an undelivered military sale, two days after allowing $400 million in cash to fly to Tehran.
Obama Admin Won't Tell Congress How It Paid Iran $1.3 Billion  Washington Free Beacon
Never Mind the Ransom, Nobody Knows Where the Other $1.3B Paid to Iran Went  Breitbart News
Qantas Soars to Record Profit as Pain Pays Dividend
SYDNEY—A first dividend payment in seven years marks a big turnaround for Qantas Airways Ltd. QAN 1.47 % , which as recently as 2014 had been selling terminals, deferring plane orders and laying off staff to stem losses from a bruising battle for ...
Qantas Airways (QUBSF) CEO Alan Joyce Gives Insight Into Record Annual Profits  TheStreet.com
A Lesson for Qantas From Steve Jobs  Bloomberg
Apollo Paid Itself Some Fees and Gave Itself Some Loans
Matt Levine is a Bloomberg View columnist. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz and a clerk for the U.S.
'Conflict of interest': SEC makes Apollo repay $40M to Pa. and other ...  Philly.com (blog)
SEC: Apollo's wrongdoing is 'a common theme' among private ...  New York Business Journal
Obamacare Subsidies Preserve Access as Premiums Climb, U.S. Says
Most buyers of Obamacare plans won't see their costs jump, even if premiums increase next year, because of government subsidies, the U.S.
White House: Most ObamaCare users will be shielded from premium spikes  The Hill
Obamacare is 'very near collapse' in one state  Business Insider