ESPN and DraftKings End Exclusive Ad Deal

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In a sign of continued difficulties for the burgeoning daily fantasy sports industry, Walt Disney Co.’s ESPN and DraftKings Inc. have unwound their exclusive advertising relationship.

MetLife Case Challenging SIFI Label Nears Hearing

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MetLife will try to persuade a federal judge Wednesday that it shouldn’t be designated a “systemically important financial institution,” in the first court hearing of a case with potential either to curtail or to solidify the law’s reach.

New Threat for Oil Prices

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Another economic force weighing on global oil prices could result from shifting flows.

Coca-Cola Fights for 'Zero' Trademark Rights

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The Patent and Trademark Office is gearing up to rule nearly 13 years after Coke first tried to register “zero” in the U.S., triggering a challenge from Dr Pepper Snapple Group, which also has a diet drink named Zero.

Obama Budget Aims to Mold Debate

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President Barack Obama’s $4.1 trillion budget proposal is designed to find a few spots of bipartisan agreement while also laying out a broader liberal policy agenda for a potential future Democratic administration.

Panel Recommends FDA Approval of Remicade Knockoff

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An advisory panel to the FDA voted to recommend the agency approve the sale of a knockoff version of J&J’s arthritis drug Remicade, which had U.S. sales of $4.45 billion last year. The copy was developed by Celltrion and licensed to Pfizer.

Sanofi Is Forced to End Latest Diabetes Effort

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French drugmaker Sanofi has ended a licensing pact with MannKind for the rights to sell Afrezza, saying the insulin inhaler for diabetes care was unlikely to reach even the lowest patient levels anticipated.

Deutsche Bank: No Liquidity Crisis but Capital Fears Are Right

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It will not take much to knock the German bank’s plan off course, which could stop payouts to equity and junior debt investors.

Fortis to Buy ITC Holdings for About $6.9 Billion

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Canadian utility operator Fortis agreed to buy U.S. electricity-transmission company ITC Holdings for about $6.9 billion in cash and stock.

Blast From the Past: Gasoline Costing a Mere $1 a Gallon

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Gasoline could return to $1 a gallon for the first time since the 1990s amid the continuing decline in crude-oil prices, a growing fuel glut and seasonal refining shifts.

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