Stocks slightly higher...FDA approves new inhaler for chronic bronchitis...Adidas becomes second most popular sneaker line in US
NEW YORK (AP) — Banks, insurers and other financial companies have been bringing U.S. stocks slightly higher in afternoon trading, adding to modest gains from the day before. Technology stocks also helped lift the market, while health care companies lagged the most. Crude oil prices headed lower, giving up early gains.
UNDATED (AP) — The Food and Drug Administration has approved the first inhaler that combines three medicines to ease breathing in patients with emphysema or chronic bronchitis. GlaxoSmithKline PLC’s Trelegy Ellipta (TRELL’-eh-gee ee-LIP’-teh) contains three widely used types of medicine meant to prevent flare-ups of the life-threatening breathing disorders. It’ll have a list price of $530 per month.
HAGATNA, Guam (AP) — Delta Air Lines says it will end flights between Japan and Guam because of low demand. The announcement comes just days after another airline delayed Japan-Guam flights because of North Korea’s threat to attack the U.S. island territory. The carrier’s decision leaves United Airlines as the only U.S. airline with flights between Guam and Japan. Japan Airlines also has flights from Narita airport to Guam.
NEW YORK (AP) — Industry analysts say Adidas has surpassed Brand Jordan as the second most popular sneaker line in the U.S. The NPD Group tracks consumer sales and says Adidas sneaker sales jumped by the more than 50 percent in August 2017 compared with the same month last year. Nike owns the Brand Jordan brand and retains the top spot overall. NPD Group says Nike reports its brand numbers separately.
LEBANON, Ind. (AP) — An Indiana judge is hearing arguments in a lawsuit filed by former Subway pitchman Jared Fogle’s ex-wife. She alleges that the company knew of her ex’s sexual interest in children but continued promoting him as its spokesman. Kathleen McLaughlin and Fogle divorced in 2015 after he pleaded guilty to trading in child pornography and paying for sex with underage girls. He’s serving a 15-year sentence.