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Rep. Chris Collins, R-N.Y., was arrested Wednesday on charges related to insider trading.

A federal grand jury accused the Buffalo-area lawmaker of passing nonpublic information about a biotech company to his son, who traded on the information and passed it along to others.

"Congressman Collins cheated our markets and our justice system," said Geoff Berman, the interim U.S. Attorney for the Southern District of New York. "He placed his family and friends above the public good."

Several states are questioning the cost of using pharmacy middlemen to manage their prescription drug programs in a movement that could shake up the complex system that manages how pharmaceuticals are priced and paid for.

Missouri Voters Reject Right-To-Work Law

Aug 8, 2018

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Tesla may be in for a dramatic ride. On Tuesday, the CEO, Elon Musk, went on Twitter to announce he is considering taking the company private, and Tesla's stock soared. Was that what Musk intended? NPR's Jasmine Garsd covers technology. She's here with us now. Hey, Jasmine.

In a shaded stream in the middle of Berlin's rambling Tiergarten park, fisherman Klaus Hidde lowered himself into the water recently. Several children stood on a platform above him and watched him wade in, wearing high rubber overalls. Hidde pulled a netted trap out of the water and shook it in the air.

"There's too few," Hidde says, shaking his head.

Updated at 6:10 a.m. ET

Voters in Missouri have overwhelmingly rejected a right-to-work law passed by the state's Republican-controlled Legislature that would have banned compulsory union fees — a resounding victory for organized labor that spent millions of dollars to defeat the measure.

With about 98 percent of the precincts reporting, the "no" vote on Missouri's Proposition A, which supported the law, was running about 67 percent, with nearly 33 percent voting "yes."

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Tesla Motors started selling its stock to the public in 2010 — the first initial public offering of a U.S. automaker in more than a half-century. On Tuesday, Tesla CEO Elon Musk said he's considering a reversal — taking the electric car company private.

As he often does, the outspoken entrepreneur took to Twitter to deliver the news. "Am considering taking Tesla private at $420. Funding secured," Musk tweeted in early afternoon.

SWIFT, or the Society for Worldwide Interbank Financial Telecommunication, is a financial messaging system for banks. It's a little company, based in Belgium, but for years it has weilded outsize influence on global finance. Now SWIFT's influence has extended to international diplomacy, and the little Belgian firm has landed smack dab in the middle of a bitter transatlantic dispute that could affect the way America conducts foreign policy.

The U.S. reimposed a round of sanctions against Iran that went into effect early Tuesday, a move the Trump administration hopes will further damage the Iranian economy and force concessions from Tehran on a number of fronts.

Bike share company Ofo left an unwelcome parting gift as it exited the Dallas market: a heap of hundreds of its banana-yellow bikes. A photo of the massive pile went viral, prompting questions about who is responsible for the rental bikes — and the fate of similar bike-share ventures in other cities.

"Terrible," Dallas Mayor Mike Rawlings said in a tweet that featured a photo by Robert Vandling, who spotted the tangle of bikes at a collection center run by CMC Recycling American.

Taking a genetic test in your 20s or 30s could, indeed, affect your ability to get long-term-care insurance later — or at least the price you'll pay. And people who are considering enrolling in Medicare after age 65 would do well to read the fine print of the sign-up rules. Readers have insurance questions on these topics this month, and we have answers:

Q: Can getting a genetic test interfere with being able to buy long-term-care insurance in the future? If you do get a plan, can the insurer drop you after you find out the results of a genetic test?

A SpaceX Falcon 9 rocket lit up the sky around Cape Canaveral Air Force Station in Florida early Tuesday with a successful launch, placing an Indonesian telecommunications satellite into orbit and demonstrating the reusability of the company's upgraded booster.

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Hoping to escape Hong Kong's summer temperatures, more people are settling into the city's numerous 24-hour McDonald's restaurants to soak in the air conditioning and get a decent night's sleep.

A new survey finds that the number of "McRefugees" or "McSleepers" — as they've been dubbed — has increased sixfold in the past five years.

Pepsi CEO Steps Down After 12 Years

Aug 6, 2018

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The Trump Administration has been throwing out old trade agreements and putting new tariffs in place. But at the same time, other countries have been re-negotiating their agreements, too, going around the US to hammer out free trade deals. The European Union has been particularly successful, pushing a trade agenda that the US has been resisting for decades. And there's one corner of the economy where things have been particularly explosive: cheese.

Movie theater subscription service MoviePass will not be raising prices, as it had announced last week, but will instead be capping the number of times that subscribers can visit movie theaters.

For $9.95 per month, MoviePass subscribers used to be able to see a movie in theaters every day, if they so chose. Beginning on August 15, the service will instead provide three movies per month.

The Real Estate We're In

Aug 6, 2018

Home prices and rents are skyrocketing, especially in urban areas. Wages are stagnating.

“The national median rent [rose] 20 percent faster than overall inflation in 1990–2016 and the median home price 41 percent faster,” according to the State of the Nation’s Housing report, produced by the Joint Center for Housing Studies at Harvard University.

Changing Autos, Changing Climate

Aug 6, 2018

The Trump administration wants to relax fuel efficiency standards. But some states are fighting back.

From Reuters.

Indra Nooyi of PepsiCo has announced that she is stepping aside as CEO after some 12 years at the helm.

Nooyi plans to stay on as chairman until early 2019. The company's board announced Monday that it elected Ramon Laguarta, president of the company since 2017, to succeed her as CEO. PepsiCo prides itself on tapping its leadership from within — every other chief executive has come from its own ranks.

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