Snap, formerly known as Snapchat, is making waves with news of an upcoming IPO. But the real news here is the $25 billion valuation. Is this some random number or is the company worth it? How does an IPO help propel the company’s future? ….

Read The Capitalist’s Take Here…

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NFL RATINGS TUMBLE; SURPRISES NETWORKS AND ANALYSTS

TV networks are giving away more commercial time this NFL season than a year ago to make up for one of the worst ratings declines in a decade, a rare sign of weakness for the biggest draw on television.

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MYLAN TO PAY $465 MILLION TO SETTLE MEDICAID CLAIMS

Mylan, the maker of the allergy treatment EpiPen, said Friday that it had reached a $465 million settlement with the Justice Department and other government agencies over questions about whether the company had overcharged Medicaid for the EpiPen by improperly classifying it as a generic drug…

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Closing Bell

-Friday, October 7th

Stocks Close Lower After Lackluster Jobs Report

Big Insider Trades

– Microsemi Corp. (MSCC) CEO, COO, SVP, & CFO Sell $5m

-Community Healthcare Trust, Inc. (CHCT) CEO Timothy Wallace Buys $250k