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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 13, 2017
Page
18
CVS Pharmacy began selling a generic Adrenaclick epinephrine auto-injector at 109.99 per two pack to challenge Mylan’s EpiPen. Impax Labs’ device uses a different delivery system but delivers the same active ingredient for severe allergic reactions.
Banks and other financials moved lower while phone, real estate, utilities and health care rose slightly. Hess tumbled 4.8 percent after announcing a $3.8 billion fourth quarter charge. Micron dropped 2.1 percent as tech and energy shares fell from recent gains. Dow fell 63.28 to 19,891. S&P 500 down 4.88 to 2,270.44. Nasdaq slipped 16.16 to 5,547.49 ahead of bank earnings reports.
Volkswagen AG executive Oliver Schmidt was denied release on bail in Miami amid a U.S. emissions scandal indictment. The 48 year old German citizen faces up to 169 years in prison and is viewed as a flight risk due to lack of extradition treaty with Germany. An indictment in Detroit names Schmidt and five other VW executives in a wide fraud conspiracy case.
The EPA accuses Fiat Chrysler Automobiles of using defeat devices to improve fuel economy on the Ram 1500 EcoDiesel and other vehicles. It says FCA sold software affecting more than 104,000 Jeep Grand Cherokee SUVs and Ram 1500 EcoDiesels, and that the company failed to disclose it.
The note outlines multiple fees charged to cover market costs. It mentions fund payments and distributions during the week. It references NA not available and p previous pay. The source is The Associated Press. Sale.
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