Takata inflator truck blast kills woman in Quemado Texas
Takata Corp confirms a truck carrying inflators and ammonium nitrate exploded Aug 22 in Quemado Texas, killing Lucila Robles and injuring four others. The crash leveled a house, debris spread two miles, and authorities investigated with metal detectors as Takata aids response and warns of proper disposal.
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Foot Locker reshapes stores to highlight brands and gear
Foot Locker plans a broad store overhaul expanding brand zones and full sportswear displays. The Midtown flagship opens with large digital signs, NYC33 events, and a women’s fashion section while highlighting Puma and Under Armour. Foot Locker aims to reach $10 billion in 2020 sales.
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Mylan pivots to authorized generic EpiPen amid price backlash
Mylan plans an authorized generic EpiPen sold at 300 dollars, half the 600 dollar brand price. The move contrasts with 2006 when Heather Bresch warned against such unbranded strategies, calling them a major threat to generics. Nina Devlin of Mylan notes the generic industry has changed dramatically.
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Banks lead stock rally on possible Fed rate hike
Banks paced gains as investors priced in a federal rate increase this year. The Dow rose 107.59 to 18502.99, the S&P 500 added 11.34 to 2180.38, and the Nasdaq increased 13.41 to 5232.33 amid expectations of higher rates possibly by December or September.
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