The pound sterling sustains a flash crash, dropping from an exchange rate of $1.23 per pound to $1.13 in a few minutes of trading today, then gaining much of it back. Observers blame this development on algorithmic trading. (MIT Technology Review)
The Obama administration lifts U.S. sanctions on Myanmar by terminating an emergency order that deemed the policies of the former military government a threat to U.S. national security. (Reuters)
Mylan pays US$465 million to settle its underpayment to U.S. government healthcare programs by misclassifying its epinephrine autoinjector emergency allergy treatment. (Reuters)