TOP STORIES 
 
MYLAN, FEELING HEAT ON EPIPEN PRICE, WILL OFFER CHEAPER GENERIC 

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. STOCKS RISE AS INVESTORS PONDER FED'S NEXT MOVE 

Financial shares led U.S. stocks higher Monday, as the market rebounded from losses last week on growing expectations that the Federal Reserve will raise interest rates this year.

U.S. CONSUMER SPENDING ROSE IN JULY 

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.

WALGREENS FORMS ALLIANCE WITH PRIME THERAPEUTICS 

Walgreens Boots Alliance formed a long-term alliance with pharmacy-benefits manager Prime Therapeutics as it seeks to capture a greater share of the prescription-drug market.

MARTIN SHKRELI SELLS REMAINING STAKE IN KALOBIOS 

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.

WILLIAMS ADDS THREE NEW DIRECTORS 

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.

MANUFACTURING PRODUCTION ACROSS TEXAS IMPROVES IN AUGUST 

Manufacturing production across Texas this month rose at the best clip since the spring, further evidence that the hit from the energy market's collapse on the oil-focused state is lifting.

BUSINESS DRONES FACE NEW RULES 

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.

EXOR PROFIT JUMPS ON FIAT CHRYSLER RESULTS 

Exor, the Italian holding company that controls Fiat Chrysler, said first-half profit almost doubled as the car maker's results improved and it consolidated the acquisition of PartnerRe.

OIL PRICES FALL ON RATE JITTERS 

Oil prices declined as worries over the U.S. raising interest rates as early as next month rippled through an already jittery market.

IVANHOE MINES TO SEEK STRATEGIC ADVISER 

Ivanhoe Mines said its board authorized the Canadian company to retain a strategic adviser to address unsolicited interest received in recent months after a major copper discovery in Africa earlier this year.

NEXTERA ENERGY OBTAINS FINANCIAL ADVISERS FOR ONCOR DEAL 

NextEra Energy said a number of financial institutions have agreed to serve as financial advisers for its $18.4 billion purchase of Energy Future Holdings's controlling stake in the biggest power provider in Texas, Oncor.

BRAZIL'S ROUSSEFF DEFENDS HERSELF AT SENATE IMPEACHMENT TRIAL 

Brazil's suspended president, Dilma Rousseff, defended herself against accusations of wrongdoing in her testimony during her Senate impeachment trial, and said her accusers are trying to turn back the social progress achieved during her and her predecessor's terms in office.

STATOIL RECALIBRATES GIANT NORTH SEA PROJECT TO SAVE BILLIONS OF DOLLARS 

Norway's Statoil has slashed planned spending on the giant Johan Sverdrup field in the North Sea, ensuring it should remain profitable even if oil prices fall to around half current levels.

SAMSON OUTLINES REVISED CHAPTER 11 EXIT PLAN 

Samson Resources has signed a revised restructuring pact with a group of creditors that calls for it to exit bankruptcy with its top-ranking loan paid off and equity in the hands of second-lien lenders.

UBER HALTS ABU DHABI OPERATIONS AS DRIVERS DETAINED 

Ride-hailing app operators Uber and Careem halted operations in Abu Dhabi as they sought clarity from regulators about the fate of several drivers who had been detained.

SINGAPORE WEALTH FUND TO ACQUIRE STAKE IN VIETNAM BANK 

Singapore sovereign-wealth fund GIC will acquire the stake in Vietcombank, Vietnam's largest bank by market capitalization, the latest deal for a slice of one of Asia's hottest frontier markets.

CANADA MAIL-SERVICE HALT DELAYED 

A planned disruption in Canada's mail service has been delayed until Tuesday after the union representing mail carriers gave the government-owned postal agency an additional day to meet its demand to extend contract talks.

ZHONGWANG'S U.S. BUSINESS TO BUY CLEVELAND ALUMINUM COMPANY ALERIS 

Aluminum-rolled products producer Aleris agreed to be acquired by a company associated with China Zhongwang, a Chinese manufacturer of industrial aluminum extrusion products, for $1.11 billion.

MALAYSIA'S AIRASIA NET PROFIT JUMPED 40.8% ON YEAR 

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.

 
 
 
  ======= DOW JONES NEWSWIRES ANALYSIS AND COMMENTARIES ======= 
 
 
Capital Journal 
IN CLINTON VS. TRUMP, WHO IS INSPIRED TO VOTE? 
 

Last Thursday may have been the most negative day in modern presidential campaign history. What that means for voter turnout could be one of the keys to November's election results, Gerald F. Seib suggests.

 
Real Estate 
AIRBNB INCOME: WILL IT MESS WITH YOUR MORTGAGE 'REFI'? 
 

Big banks, including Bank of America Corp. and Wells Fargo & Co., are subjecting some refinance customers who rent rooms to additional scrutiny.

(END) Dow Jones Newswires

August 29, 2016 12:59 ET (16:59 GMT)

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