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NEW YORK (AP) — Wholesale gasoline prices are climbing as Tropical Storm Harvey hit battered the Texas Gulf Coast, which is home to many oil refineries. Overall, energy companies are down with the price of oil. At 10:37 a.m. Eastern Time, the Dow was down 25 points at 21,788. The S&P 500 was flat at 2,443. And the Nasdaq was up 12 points, at 6,277.
UNDATED (AP) — Gilead Sciences will pay $11.9 billion in cash to buy Kite Pharma and plant a stake in an emerging area of cancer treatments that train a patient's immune cells to attack tumors. Kite, of Santa Monica, California, specializes in developing treatments that are custom-made to target a patient's cancer. The therapy involves removing immune cells from a patients' blood, reprogramming them to create an army of cells that can zero in on and destroy cancer cells and injecting them back into the patient.
NEW YORK (AP) — Amazon completed its $13.7 billion takeover of organic grocer Whole Foods today, taking quick aim at the chain's "Whole Paycheck" image and bringing it in line with Amazon's practice of keeping prices low to lock in customer loyalty. Beyond lowering prices on organic avocados, eggs and kale, it also means Whole Foods brands will be available on Amazon's site. The company aims to make Amazon Prime the rewards program for Whole Foods customers, and offer members special discounts.
BANGKOK (AP) — Interpol has issued an international request for the arrest of the billionaire heir to the Red Bull energy drink fortune. Vorayuth Yoovidhya (VOHR'-ay-oot yoo-VIHD'-yuh) is wanted in a 2012 hit-and-run incident that left a traffic policeman dead in Bangkok. The heir skipped Thailand in April, just before authorities issued an arrest warrant after he repeatedly failed to meet with prosecutors.
MANILA, Philippines (AP) — The president of the Philippines is trying to help allay fears following the country's first large outbreak of avian flu. Today, President Rodrigo Duterte traveled to northern Pampanga province and feasted on grilled chicken, duck and eggs. He was accompanied by his health and agriculture secretaries. Authorities killed more than 600,000 birds at the height of the outbreak this month in poultry farms in Pampanga and a second province.
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