In a blow to its rivalry with Apple, Samsung has formally recalled one million Galaxy Note 7s sold in the United States, replacing or providing a refund to buyers of the flagship smartphones, which is susceptible to catching fire. (Reuters)
Fiat Chrysler Automobiles (FCAU) is recalling 1.4 million vehicles to fix an issue that could keep the airbags from deploying in a crash. The problem is believed to be linked to three deaths and five injuries in accidents. (USA Today)
The Justice Department has suggested Deutsche Bank (DB) pay $14 billion to settle a number of investigations related to mortgage securities. The bank said in a statement it "has no intent to settle … anywhere near" that. (CNBC)
Massachusetts Sen. Elizabeth Warren told CNBC: "There is a serious problem with senior management at Wells Fargo." The bank was fined $185 million by regulatory agencies, settling charges that employees created two million accounts for unsuspecting customers.
Mylan (MYL) is quietly steering funds to an effort to put EpiPens on a federal list of preventive medical services, according to the New York Times. The move would offset costs for customers, but also allow the drugmaker to keep list prices high.
Tesla (TSLA) and Mobileye (MBLY) broke up in July. Safety was the issue, according to Mobileye, which makes parts for Tesla's driver-assist system, Autopilot. Tesla said it was jealousy. (LA Times)
Twitter (TWTR) had a smooth debut streaming a NFL game last night, attracting generally positive tweets throughout the matchup between the Buffalo Bills and the New York Jets. (Reuters)
Beginning this weekend, some Facebook (FB) users in the U.S. will be able to buy movie tickets, via NBC Universal's Fandango without leaving their news feeds. (NY Times)
POLITICS
Donald Trump's campaign went where the candidate himself has refused to publicly go, saying the GOP presidential nominee Trump does believe President Barack Obama was born in the United States. (NBC News)
Trump suggested 4 percent annual economic growth was possible, just minutes after saying his plan would average 3.5 percent growth and create a total of 25 million new jobs. (NBC News)
In a lighthearted moment last night, Trump let Jimmy Fallon mess up his hair. Trump's appearance on the "Tonight Show" came hours after he talked about his during "The Dr. Oz Show." (CNBC)
President Obama continues to push for the TPP free trade agreement. This morning's White House guest list of business and political leaders includes Ohio Gov. John Kasich, who had challenged Trump for the GOP nomination. (AP)
BY THE NUMBERS
The asset allocation strategy team at Goldman Sachs (GS) has turned bearish on its near-term outlook for bonds, while moving the S&P 500 to "underweight," adding Asia was its preferred stock market.
It's a quadruple witching Friday, which could bring some late volatility on Wall Street. In the last hour of trading, stock index futures, stock index options, stock options, and single-stock futures expire.
U.S. oil prices were lower this morning, after breaking a two-day losing streak on Thursday. But crude was tracking a decline of nearly 4.3 percent so far this week. The weekly Baker Hughes rig count is out at 1 p.m. ET.
Consumer inflation and consumer sentiment — out at 8:30 a.m. ET and 10 a.m. ET, respectively — could show more evidence of a soggy economy ahead of next week's Fed meeting. The August consumer price index is expected to rise by 0.1 percent. Excluding food and energy, the core rate is seen rising 0.2 percent. The reading on preliminary September consumer sentiment is expected to show a rise to 91.
The Chinese billionaire who bought a controlling stake in gay dating app Grindr will transfer stock worth $1.1 billion to his wife in one of China's biggest divorce settlements, according to the Financial Times.
The Owlwood estate in Los Angeles — containing a 1930s home once owned by the pop duo Sonny & Cher — has sold to a real-estate developer for $90 million, according to the Wall Street Journal.
STOCKS TO WATCH
Novavax (NVAX) shares were crashing about 80 percent, after the company said data from the latest trial on its respiratory disease vaccine did not meet prespecified objectives.
Under pressure from activist investor Starboard Value, Depomed (DEPO) is reportedly ready to put itself up for sale. Last year, Depomed fought off a $3 billion unsolicited offer from Horizon Pharma.
Unilever (UL) is in talks to buy the Honest Company. The Wall Street Journal reports the proposed deal values actress and businesswoman Jessica Alba's consumer products company at $1 billion.
General Electric (GE) won a $1.9 billion contract from Hinkley Point, the U.K.'s first new nuclear power plant in decades. GE will supply steam turbines, generators and other equipment.
Oracle (ORCL) missed estimates on earnings and revenues. While total cloud revenue rose 59 percent during the latest quarter, it could not make up for softness in the tech giant's traditional software business.
New York Attorney General Eric Schneiderman is investigating why Exxon Mobil (XON) hasn't written down the value of its assets, two years into the oil collapse. That's according to the Wall Street Journal.
WATERCOOLER
Diners looking to get their hands on the Never Ending Pasta Pass at Darden's (DRI) Olive Garden had to act fast. The passes went on sale Thursday afternoon and sold out immediately. (CNBC)
Feeling drowsy? Then maybe you need an "Asskicker," a coffee containing roughly 80 times the caffeine found in one espresso shot. The strong brew is being served at Viscous Coffee in Adelaide, Australia. (CNBC)