Business Briefs – June 15, 2017

White House Without a Plan To Address Debt Ceiling

WASHINGTON (AP) – The White House budget director says the Trump administration lacks a unified plan to increase the government’s borrowing cap as a September deadline is drawing near. Mick Mulvaney suggested in an interview Thursday with reporters that neither the administration nor Capitol Hill lawmakers have set their terms for an agreement. A failure by Congress to raise the debt ceiling could possibly send dangerous shockwaves through the global economy.

FDA Approves New, Cheaper Rival to EpiPen Allergy Shot

WASHINGTON (AP) – U.S. regulators have approved new competition for EpiPen, the emergency allergy medicine that made Mylan a poster child for pharmaceutical greed. The Food and Drug Administration on Thursday approved Adamis Pharmaceuticals Corp.’s product, which should go on sale later this year at a much lower price than EpiPen.

This Is Peak Investing: Stocks, Bonds and Concerns Are Up

NEW YORK (AP) – Stocks are at peak levels. Bonds are making money despite a raft of predictions to the contrary at the start of the year. Even stock markets overseas, notoriously poor investments for much of the last decade, are perking higher. If it feels precarious to have so many investments doing so well, even when the economy itself is still growing only modestly, markets are giving few indications of worry. But contrarians are feeling more reasons to pause.

Snacks With Added Fiber a Part Of Nutrition Facts Delay

NEW YORK (AP) – Snack bars, cereals and brownies with added fiber may not appear as filling under a new labeling rule. A little-discussed aspect of the revamped Nutrition Facts panel, which was postponed this week, is that it could change what ingredients products like Fiber One bars can count as dietary fiber. The unsettled details are partly why the industry has called for delaying the deadline to use the new panel.

Facebook Deploys AI To Fight Terrorism On Its Network

SAN FRANCISCO (AP) — Facebook says it is using artificial intelligence to help it combat terrorists’ use of its platform. The company’s announcement comes as it is facing growing pressure from government leaders to identify and prevent the spread of content from terrorist groups on its massive social network.

Nevada Forces Drug Makers To Reveal Insulin Pricing, Profits

CARSON CITY, Nev. (AP) — Nevada now has the nation’s strictest rules requiring pharmaceutical companies to reveal how they set certain prescription drug prices. The bill Gov. Brian Sandoval signed on Thursday is sharply focused in insulin — one of many life-sustaining prescription treatments sold in America at prices that have skyrocketed in the last decade.

Agencies Slow Methane Rules Opposed By Oil, Gas Industry

WASHINGTON (AP) – The Trump administration is delaying two Obama-era regulations aimed at restricting harmful methane emissions from oil and gas production.