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Rio 2016

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Business Watch: Fed gives big banks the nod

Tech behemoth Amazon is charging $2.8 million for ad packages that include the 10 Thursday night NFL games it will livestream this season as the retail giant makes its first high-profile push into live sports. A trip to Whole Foods before the game is recommended.

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Business Watch: An Italian squabble

The idea was simple and seemingly airtight: an official "Made in Italy" logo to defend the country's finest food exports from an army of foreign impersonators. Instead, it turned into a fierce debate on what is truly Italian. Read more http://www.reuters.com/article/us-italy-food-idUSKBN18T1ER

Business Watch: Glut problems beyond oil

The U.S. government may have overpaid drugmaker Mylan N.V. by as much as $1.27 billion between 2006 and 2016 for its EpiPen emergency allergy treatment. Commenting on an analysis of the payments carried out by Department of Health and Human Services' Office of Inspector General, Republican Senator Chuck Grassley said: "Taxpayers have a right to know what happened here and to be repaid whatever they are owed." Read more http://www.reuters.com/article/us-mylan-epipen-idUSKBN18R2ZN