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Drug exec pleads not guilty to securities fraud...Stocks give back gains...Commando mission described as a success



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NEW YORK (AP) — The controversial drug company CEO Martin Shkreli (SHKREHL'-ee) has pleaded not guilty through his lawyer to securities fraud charges. Shkreli is charged in an indictment unconnected to the drug price hikes imposed by his company Turing Pharmaceuticals. The charges concern his actions at another pharmaceutical company, Retrophin, which he ran as CEO up until last year. Turing sparked outrage when the price of a drug for a rare parasitic infection went from $13.50 to $750 per pill.

NEW YORK (AP) — The stock market has given back all of its gains from yesterday. Steep drops in energy prices and metals today pulled down the stocks of oil and gas producers and mining companies. The Dow industrial average fell 253 points. The S&P 500 lost 31. The Nasdaq composite declined 68 points. The dollar rose against other currencies a day after the Federal Reserve raised interest rates for the first time since the financial crisis.

IRBIL, Iraq (AP) — Defense Secretary Ash Carter is calling the first U.S. commando mission into Syria a success. During a visit to Iraq today, he said the new team of special operation forces recently went into Syria to identify Syrian Arab fighters the coalition can work with to force Islamic State militants out of their self-proclaimed capital in Syria. Carter met today with several members of the team and their commanders.

NEW ORLEANS (AP) — Some Confederate monuments may be removed from some of the busiest streets in New Orleans. The city council voted today to let the city remove four of the monuments, after months of impassioned debate. But now the city faces possible lawsuits seeking to keep the monuments where they are.

COLUMBUS, Ohio (AP) — The Justice Department is investigating alleged antitrust violations by the country's biggest movie theater chains. That's according to securities filings. Ohio's attorney general says his office is among 10 jurisdictions looking at whether AMC, Cinemark and Regal have taken action to keep competitors and new theaters out of the market.

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The Associated Press

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