Martin Shkreli Sells Remaining Stake in KaloBios

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Martin Shkreli has sold his remaining stake in KaloBios, severing his ties with the company he once led as the small drugmaker seeks to distance itself from its former chief executive.

SunEdison to Sell Some Assets to GCL-Poly Energy

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GCL-Poly Energy Holdings, one of China’s largest makers of solar equipment, said it agreed to buy assets from bankrupt U.S. renewable energy company SunEdison for $150 million.

Williams Adds Three New Directors

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Williams made good on its plan to appoint three new independent directors to its board as activist investor Keith Meister has said he plans to remove the entire board.

Health Insurers' Pullback Threatens to Create Monopoly Zones

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Nearly a third of U.S. counties look likely to have just a single insurer offering health plans on the ACA’s exchanges next year, according to a new analysis, an industry pullback that adds to the challenges facing the law.

Malaysia's AirAsia Net Profit Jumped 40.8% On Year

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Malaysian budget airline AirAsia Bhd. said Monday net profit for the second quarter jumped 40.8% from a year ago, driven mainly by lower expenses, including fuel costs and taxes.

Business Drones Face New Rules

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The first detailed U.S. rules for flights of small commercial drones go into effect Monday, including nationwide licensing requirements for pilots and a ban on nighttime operations.

Mylan, Feeling Heat on EpiPen Price, Will Offer Cheaper Generic

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Mylan said it would launch a generic alternative to EpiPen at a 50% discount after being criticized for sharply raising the price of the lifesaving drug.

U.S. Consumer Spending Rose in July

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Consumer spending rose for the fourth straight month in July, a sign domestic consumption could continue to drive U.S. economic growth over the second half of the year.

Texas, the Surprise Pioneer in Renewable Energy

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The Lone Star state has added more wind-based capacity than any other, as part of an aggressive energy diversification that seeks to skirt ideological land mines.

When Economic Doomsayers Stumble

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It’s early, but data so far suggest the British decision to leave the European Union could be another example of a recurring phenomenon: expert predictions of dire consequences to political decisions that end up proving overheated.

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