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Wall Street under pressure from Fed speak on rates

IN THE NEWS TODAY

U.S. stock futures were drifting this morning, after the Dow and S&P 500 closed lower last week, as U.S. central bankers on Friday suggested interest rates could be raised sooner than expected. The Nasdaq's weekly winning streak ended at eight. (CNBC)

Japanese shares climbed on overnight, boosted by a weaker yen, while other Asian stock markets struggled after those Fed official comments from the Jackson Hole Economic Symposium. The Nikkei rose 2.3 percent. (CNBC)

Oil prices were lower this morning, as Iraq's production rose and Iran said it would only cooperate in producer output freeze talks if fellow exporters recognized its right to fully regain market share. U.S. crude was lower last week for the first time in four weeks. (Reuters)

Mylan (MYL), under fire for its 400 percent price hike on EpiPens, said it'll launch a generic EpiPen Auto Injector at a discount of more than 50 percent. The list price will be $300 for a two-pack. Mylan expects to launch the generic in several weeks.

Mylan CEO Heather Bresch sold about 100-thousand of her shares earlier this month for a profit of more than $5 million. The transaction took place Aug. 9, the same day Mylan reported earnings, but before the EpiPen controversy blew up. (The Guardian)

Carl Icahn said late Friday he bought 2.3 million additional shares of Herbalife (HLF). Icahn also criticized fellow billionaire investor Bill Ackman for going on CNBC talking about how Icahn was considering to sell his entire Herbalife stake. (CNBC)

Donald Trump tweeted last night he would make a "major speech on illegal immigration" in Arizona on Wednesday. Trump also tweeted that both he and rival Hillary Clinton should release detailed medical records before the November election. (Reuters)

Trump waded into a new controversy on Saturday, after he invoked the shooting death of a relative of NBA star Dwyane Wade as a reason for black voters to support his candidacy. Authorities said two brothers who were on parole have been charged with first-degree murder in the case. (AP)

While his wife, Huma Abedin, travels the country campaigning for Hillary Clinton, the New York Post reports that disgraced ex-congressman Anthony Weiner has been sexting again, and even reportedly sent a lurid shot with his toddler son in the picture.

Passengers at Los Angeles International Airport on Sunday night were seen running from terminals and onto a tarmac after police responded to 911 calls of shots fired. But police said it was "loud noises only," and there was no shooting. (NBC News)

Authorities said two United Airlines pilots were arrested on suspicion of being under the influence of alcohol in Scotland on Saturday as they were about to fly from Glasgow to New Jersey's Newark Airport. The pilots were due in court today. (Reuters)

New rules by the FAA go into effect today, clarifying commercial usage of drones, including a 400 foot flight ceiling and restrictions on operating during daytime and up to 30 minutes before sunrise and after sunset. Operators must also qualify for flying certificates and be at least 16 years old. (CNBC)

New studies find that the 12 million sickest Americans tend to be the ones who are least able afford their medical expenses. That's despite the fact that about 96 percent of the group has some form of health coverage, including private insurance. (CNBC)

San Francisco 49ers quarterback Colin Kaepernick has landed in the center of a furor after his refusal to stand during the national anthem at a preseason game, as a protest of social injustice against "black people and people of color." He unleashed a tidal wave of criticism and support. (CNBC)

BY THE NUMBERS

There are more pieces to the economic puzzle out this morning, including July personal income and spending; Fed Chair Janet Yellen's favorite inflation gauge, the core PCE prices for July; and the Dallas Fed's manufacturing survey for August.

In the lead-up to Friday's release of the government's August employment report, investors get the Case-Shiller home price index tomorrow, the ADP private payrolls report Wednesday, and productivity figures and the ISM manufacturing index Thursday.

STOCKS TO WATCH

The FDA has issued an emergency use authorization for Roche's (RHHBY) Zika test. The swiss drugmaker said it's easy to use, and can allow doctors to quickly detect the virus.

GlaxoSmithKline (GSK) is betting on a new two-drug regimen to treat HIV, according to the Wall Street Journal, looking to upend a decades-old strategy for fighting the virus.

Sanofi (SNY) and Regeneron (REGN) said their jointly developed cholesterol drug met targets in a clinical trial. The treatment is intended for patients who don't respond to commonly prescribed statins.

WATERCOOLER

"Don't Breathe," about a group of delinquent teens who pick the wrong house to burglarize, debuted with $26.1 million in ticket sales, and displaced "Suicide Squad" to capture the No. 1 spot at the box office. (Variety)

Beyonce dominated the MTV Video Music Awards last night, on stage and at the podium, including winning video of the year. Rihanna performed four times and celebrated a lifetime achievement award. (Reuters)

Charles Osgood is leaving "Sunday Morning" on CBS (CBS) at the end of September, after 22 years as the program's anchor. News of the 83-year-old's departure comes after months of speculation. (NY Times)