Roundup: Arthur’s damage / Drug pricing / Bezos vs. Musk

Tropical Storm Arthur caused an estimated $4 billion to $6 billion in damage along the Gulf Coast due to severe flooding. The U.S. has initiated a Section 301 investigation into Germany’s pharmaceutical pricing policies, alleging unfair practices against American drugmakers. Jeff Bezos has pursued a strategy to reduce reliance on SpaceX by expanding alternative space infrastructure and supporting multiple launch providers.