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Mixed day on Wall Street...Lawmakers eye high drug prices...Arrests in Brazilian mine deaths

January 29, 2019

NEW YORK (AP) — Stocks wound up with a mixed finish on Wall Street as an early gain faded away. Xerox and 3M rose after reporting solid results, but Harley-Davidson sank. The Dow rose 51 points, or 0.2 percent, to 24,579. The Nasdaq fell 57 points, or 0.8 percent, to 7,028. Energy companies rose along with the price of crude oil. The Dow rose 51 points, or 0.2 percent, to 24,579. The Nasdaq fell 57 points, or 0.8 percent, to 7,028.

WASHINGTON (AP) — Senate Finance Committee Chairman Charles Grassley is promising to get to the bottom of spikes in the price of insulin for people with diabetes. The Republican lawmaker held a hearing Tuesday on the high cost of prescription drugs. Kathy Sego of Madison, Indiana, told the panel how her college-student son got seriously ill cutting his insulin dose by three-fourths to save the family money. House Democrats have also pledge to investigate high drug prices.

BRUMADINHO, Brazil (AP) — Brazilian authorities arrested five people Tuesday in connection with a dam collapse that killed at least 65 people and left nearly 300 missing, and dead fish were seen downstream floating at the banks of a river that an indigenous community depends on for food and water. The dam that held back iron-ore waste, owned and operated by big mining company Vale SA, collapsed on Friday. The waste buried a company cafeteria, other Vale buildings and inundated part of the city of Brumadinho.

NEW YORK (AP) — The government alleges that Chinese tech company Huawei (WAH’-way) went so far as to steal a robot’s arm in its bid to get its hands on T-Mobile’s trade secrets. The case over Tappy, T-Mobile’s phone-testing robot, portrays a company going to what the government calls illegal lengths to gain access to others’ intellectual property. The criminal charges in Seattle were announced the same day the U.S. government unveiled a case in New York that accuses Huawei, two of its subsidiaries and a top executive of misleading banks about the company’s business and violating U.S. sanctions.

LEWES, Del. (AP) — The Delaware artist who created the “Fearless Girl” statue is being sued by a group that says she failed to make a 9-foot bronze replica of Alexander Hamilton. The News Journal reports the U.S. Coast Guard Academy Alumni Association’s lawsuit says Kristen Visbal breached a $28,000 contract to create the statue.

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