Stocks (^DJI, ^GSPC, ^IXIC) are rallying strong at midday, paring losses from the prior two-day slide. Tech (XLK) is leading the way, with consumer staples (XLP) taking up the rear. Keith Bliss of Cuttone & Co. joins us live from the New York Stock Exchange.
To discuss the other big stories of the day, Alexis Christoforous is joined by Yahoo Finance Editor-in-Chief Andy Serwer and markets correspondent Nicole Sinclair.
Are charities to blame for high drug costs?
Medical costs are soaring. That's no big surprise, but could it be that charitable non-profits are a big part of the reason? Just days after Martin Shkreli purchased the rights to the drug Daraprim and raised the price by 5,000%, Shkreli contacted the charity Patient Services Inc. and struck a deal. But this isn't an isolated case. Bloomberg is reporting the practice is widespread throughout Big Pharma.
HP scales 3D printing to industrial proportions
Nikes and BMW parts are going to be rolling off a different kind of assembly line. Hewlett-Packard is announcing the world’s first 3D printer for large-scale manufacturing. Nine companies in total are testing out the new system. The biggest benefit: items will be made ten times faster than before.
TD Bank drops its coin counting machines
TD Bank is telling its customers to keep the change. The bank is getting rid of its coin counting machines. TD is being sued after a machine routinely shortchanged a customer. There are reports of other machines having the same problem. Even though TD says its machines were routinely maintained, the company thinks it's better to get rid of them all together.