Without competition, drug prices soar

Harvard-affiliated doctors said speeding up the rollout of lower-priced generics would help tamp down rising drug prices.

FILE - In this April 20, 2013, file photo, media mogul Sumner Redstone arrives at the 2013 MOCA Gala celebrating the opening of the Urs Fischer exhibition at MOCA, in Los Angeles. According to an internal memo, Viacom CEO Philippe Dauman will step down, making Chief Operating Officer Tom Dooley interim CEO. The move is part of a settlement the Viacom board approved with National Amusements, a private company owned by the 93-year-old Redstone that holds controlling stakes in both Viacom and CBS. (Photo by Richard Shotwell/Invision/AP, File)

Despite settlement, Redstone drama will continue

Sumner Redstone’s granddaughter wasn’t a party to the recent settlement, and she wonders why Viacom gave up the fight.

Home prices go up in Mass. in July, while sales were down

The median price of a single-family house climbed 2.7 percent, but the number of home sales slipped for the first time this year.

An English bulldog (top) cooled off in a pool at the day-care center at One North of Boston.

An apartment building in Chelsea is luring tenants with doggie day care

One North of Boston wants to appeal to millennial renters by offering a 3,000-square-foot day care for man’s best friend.

Latest Business headlines

Blame airlines, not weather, for most US flight delays

Airline miscues — such as the computer glitches that grounded hundreds of thousands of passengers this summer — are the biggest cause of delayed flights.

Howard Johnson restaurant in Maine to close, leaving only 1 more

The closing of the Bangor restaurant means a haunt of Stephen King and other locals will disappear.

Baker-backed startup insurer exits 2 markets after Obamacare losses

Oscar Insurance, a favorite startup of Charlie Baker before he was governor, is pulling out of Dallas and New Jersey.

Apollo Global settles securities case as SEC issues $53 million fine

Federal regulators said they brought the case because of an array of securities law violations.

Wednesday’s business agenda

Networking, class, and more notable events and things to know.

More Business headlines

EpiPen maker Mylan has become the new boogeyman of the pharmaceutical industry.

Lawmakers demand investigation of $100 price hike of life-saving EpiPens

EpiPen maker Mylan has become the new boogeyman of the pharmaceutical industry.

Bayer, Monsanto said to move closer to merger deal

The companies made progress on issues including the purchase price and termination fee.

Experimental cancer therapy holds great promise — but at great cost

One of the hallmarks of CAR-T: It has to nearly kill you if it’s going to save you.

How much do Patriots tickets cost this season?

New England Patriots home games remain the most expensive tickets on the secondary market for NFL games in 2016.

Starbucks can put as much ice in your coffee as it wants.

Starbucks can put as much ice in your coffee as it wants

A federal judge in California shut down a class-action lawsuit alleging the coffee giant misleads its customers.

The Bangor, Maine, restaurant will serve its last meal Sept. 6, but the hotel will remain open.

And then there was one. . . HoJo’s making its last stand

One of the last two Howard Johnson restaurants will close in a couple of weeks, taking with it a slice of roadside Americana.

Andrea Tantaros.

Who is former Fox News host Andrea Tantaros?

Here’s what you should know about Tantaros and her fight with Fox.

Retired judge Francis Darigan Jr., who brokered the settlement, said it is doubtful that Rhode Island can recover all of its money in the matter.

$25.6m settlement reached on Schilling’s 38 Studios loans

Rhode Island settles with two of the financial backers it sued over a disastrous deal with former Red Sox pitcher Curt Schilling’s video game company.

This undated photo provided by KFC shows an image from an ad campaign featuring actor George Hamilton portraying Colonel Sanders, as he holds a bottle of Extra Crispy Sunscreen. On Monday, Aug. 22, 2016, KFC gave away 3,000 bottles of fried-chicken scented sunscreen to drum up buzz for its Extra Crispy chicken. (KFC via AP)

KFC wants you to smell like fried chicken with sunscreen giveaway

In a new marketing gimmick, the chain gave away 3,000 bottles of sunscreen it claimed smelled like fried chicken.

Productivity often declines for workers after they exceed 40 hours a week, according to research.

Commentary

How to work smart and avoid burning out

Here’s a guide on how to turn the 45-hour work-week most of us have into a more productive, healthy one.

David Hashmall

BOLD TYPES

Goodwin’s global reach

Goodwin, one of Boston’s largest law firms, has quietly extended its reach in Europe.

FILE - In this April 20, 2013, file photo, media mogul Sumner Redstone arrives at the 2013 MOCA Gala celebrating the opening of the Urs Fischer exhibition at MOCA, in Los Angeles. According to an internal memo, Viacom CEO Philippe Dauman will step down, making Chief Operating Officer Tom Dooley interim CEO. The move is part of a settlement the Viacom board approved with National Amusements, a private company owned by the 93-year-old Redstone that holds controlling stakes in both Viacom and CBS. (Photo by Richard Shotwell/Invision/AP, File)

Judge to consider request for mental exam of Sumner Redstone

A Mass. probate judge scheduled the hearing for Friday on the request of the media mogul’s granddaughter.

People walked past Pfizer’s  headquarters in New York Monday after the company announced it will buy Medivation Inc. for around $14 billion.

Pfizer to buy cancer drug maker in $14 billion deal

Medivation, which makes the big-selling drug Xtandi to treat prostate cancer, has finally found its buyer in a fellow US drug maker, Pfizer.

The mention of a rewards credit card evokes images of jet-setting in first class or lounging at a luxury resort. But the reality can be starkly different.

The downsides of travel rewards cards

Some people find themselves spending hundreds of dollars a year — without one hotel stay or flight to show for it.

RJ Dourney has been terminated as Cosi’s chief executive, although he said he plans to remain on the board of directors of the company; he is one of Cosi’s largest shareholders.

Boston-based cafe chain Cosi suddenly terminates its chief executive

Cosi is going through another management shakeup, and this time it’s CEO RJ Dourney who is losing his job.

Mylan probed over cost of EpiPen shots

Senator says price hike may have limited access to a drug that can be used to treat allergic reactions from food allergies or other triggers.

Wells Fargo is the second-largest private student lender in the country with 1.3 million borrowers.

Second-largest private student lender to pay $4 million over its unfair practices

Wells Fargo & Co. will have to pay a fine after regulators found the at the bank engaged in unfair and deceptive practices in its student loan business.

Curious about biotech? Here are 10 must-follow Twitter accounts

These are some interesting, if lesser-known, guideposts from biotech’s vibrant Twitter community.

Dauman’s last act at Viacom is pitching sale of Paramount stake

A flop of the “Ben-Hur” remake shows the creative chasm at Viacom Inc. prompted the ouster of chief executive officer Philippe Dauman.

State to pay Comcast $4m to build out rural broadband

The money is part of a state project to bring “last mile” connections to rural areas, where companies wouldn’t build without a subsidy.

Five things you should know about your medical records

Congress passed the Health Insurance Portability and Accountability Act in 1996. A lot has changed since.

Tuesday’s business agenda

Mass. home sales, networking, and more notable events and things to know.

Does Mass. have the best economy of any state?

An analysis of federal statistics puts the commonwealth at No. 1.

Governor Charlie Baker left General Electric Co.’s temporary offices on Monday.

It’s official: GE is open for business in Boston

About 175 General Electric employees have traded Merritt Parkway traffic for views of the Fort Point Channel.

Gas prices nudge up for first time in weeks

Gasoline prices in Massachusetts rose for the first time in weeks this summer, up three cents to an average of $2.07 a gallon, according to AAA Northeast.

FILE - In this Monday, Nov. 23, 2015, file photo, a man enters Pfizer's world headquarters, in New York. Pfizer is buying biopharmaceutical company Medivation in a deal valued at about $14 billion. Medivation Inc.’s stock soared more than 19 percent in Monday, Aug. 22, 2016 premarket trading. (AP Photo/Mark Lennihan, File)

Pfizer to pay $14b to acquire cancer drug company Medivation

The boards of both companies have approved the deal, which is targeted to close later this year.

Karin Keyes had to use an older drug for her rheumatoid arthritis before she was approved for a newer one that worked.

STAT

Insurers insist patients first try drugs that may not work

Insurance companies want patients to try older, less expensive therapies for months before covering pricier ones.

Safecaster is available only for Apple iOS devices.

Goal of app is to keep peace between public, police

Safecaster lets a user instantly capture video, transmit it live, and record it on an Internet-based server.

Paul Sellew, founder and CEO of Little Leaf Farms, checked lettuce at the Devens facility.

Hydroponics operation takes root in Devens

This is a Massachusetts farm where Mother Nature gets a high-tech boost.

Moves by IBM Watson Health and other tenants to Binney Street in Cambridge reflect the demand for space.

Foreign investors eye local lab sites

With rental demand strong from the life sciences sector, overseas buyers target biomedical research properties.

Gawker founder Nick Denton outside of a courthouse in Florida earlier this year.

What did Univision see in what’s left of Gawker?

Last week, Univision made news with a purchase far afield from its Spanish-speaking core.

TALKING POINTS

Attempt to treat Amazon like a regular retailer fails

Five of the top business stories from the past week.

From left, Donnie, Paul, and Mark Wahlberg. The suit names Wahlburgers and the owners of its Brooklyn franchise. The Wahlbergs aren’t named.

Ex-employees say Wahlburgers violated labor laws

They claim Wahlburgers failed to pay them the proper minimum wage and regularly kept tips designated for servers.

A former bartender has sued the Fairmont Copley Plaza, alleging his supervisors doctored his computerized time sheets to cheat him out of wages in a scheme to save the hotel money.

Copley hotel bartender claims time sheets were altered

Lou Saban said his hours were routinely changed during four years as a bartender at the famed Oak Room.

The GRIT Freedom Chair out in Colorado. (GRIT Images)

Showing true GRIT

A wheelchair project inspired an MIT grad and others to build a company with a conscience.

Doris Buffett, in her Back Bay home, with letters she has gotten from people looking to read the aid requests she and her brother, Warren, get and evaluate their merit.

REPORTER’S NOTEBOOK

Volunteers clamor to give away Warren Buffett’s money

Hundreds of people answered Boston resident Doris Buffett’s call for help reading letters sent to her brother.

Consumer Reports | Product Review

With the high cost of college, satisfaction is not guaranteed

The burden of paying off significant loans has left many questioning whether college was worth the price after they left.

THE COLOR OF MONEY

Never toy with a suspected scam artist

It used to be that the charlatans manually dialed for victims. They now have advanced auto-dial technology allowing them to speed through hundreds of telephone numbers.

Cofounders Eric Auger (left) and Joe Pari’s TEN31 Productions offers “living statues” for events from weddings and conferences to the Democratic Convention.

On the Job

This statue business isn’t standing still

Joe Pari’s career went from a depicting a stone gargoyle to running a production business with more than 50 entertainers.

Morgan Stanley accused of mismanaging its 401(k) plan

Even Wall Street workers are unhappy with how their retirement plans are run.

Job Doc

How to switch to the nonprofit world

Building previous volunteer experience is a great way to strengthen your qualifications.

Tech Lab by Hiawatha Bray

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Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung

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Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

Innovation Economy by Scott Kirsner

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Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.