News / 

US stocks moderately higher ... Consumer spending at slower pace in July ... Mylan to launch a generic EpiPen



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

NEW YORK (AP) — Stocks are opening moderately higher on Wall Street as the market comes off three days of losses. Utilities and materials companies rose the most in early trading today. At 10:12 a.m. Eastern Time, the Dow was up 95 points at 18,490. The S&P 500 was up 10 points at 2,179. And the Nasdaq was up 14 points at 5,233. Bond prices rose. The yield on the 10-year Treasury note fell to 1.60 percent.

WASHINGTON (AP) — American consumers boosted spending at a slower pace in July, while their incomes accelerated slightly. The Commerce Department says spending grew 0.3 percent in July following a 0.5 percent increase in June. The slowdown had been expected given an earlier report that retail sales were flat in July. Incomes grew 0.4 percent in July, up from a 0.3 percent increase in June.

NEW YORK (AP) — The drug company Mylan says it's making a generic version of its EpiPen, which will be about half the price of the brand name. Mylan's recent hike of an EpiPen double pack to $608 brought about much criticism, and last week Mylan announced a $300 savings card and a revised patient assistance program. The company says those offerings will continue.

VATICAN CITY (AP) — Pope Francis has met with Facebook founder and CEO Mark Zuckerberg and Zuckerberg's wife, Priscilla Chan, at the Vatican. A Vatican spokesman says one topic of discussion at today's meeting was "how to use communication technologies to alleviate poverty, encourage a culture of encounter, and make a message of hope arrive, especially to those most in need." The chat took place at the Santa Marta residence, the guest house in Vatican City where the pope lives.

NEW YORK (AP) — Fitbit has added a new motivational feature. "Adventures" is designed to help people exercise by making them think they're hiking in exciting places like famous trails. The feature tracks distances walked or run and maps them against actual trails, starting with three trails at Yosemite National Park in California. Fitbit is the market leader in wearable devices.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast