Mylan CEO blames middlemen for high EpiPen cost; Kentucky Fried Chicken's secret recipe - revealed?! And more news

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Mylan CEO Heather Bresch blamed the high cost of EpiPen on intermediaries who more than double the price to $608. The reason Mylan doesn't just cut the wholesale price, she told CNBC, is because middlemen wouldn't necessarily follow suit — so better a $300 rebate which passes the savings right to the consumer. But the Washington Post points out most users won't (or can't) take advantage of the deal. And — bottom line — this is medicine that actually costs pennies to make, is delivered in a device that costs a few dollars, and has a shelf life of only one year.

The Senate won't take up the Trans-Pacific Partnership in its current session, Majority Leader Mitch McConnell said. President Obama's signature trade deal "has some serious flaws," McConnell said, but can be "massaged, changed, worked on during the next administration." Both Donald Trump and Hillary Clinton have come out against TPP, and it's become a downballot election issue as well.

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WhatsApp will begin sharing some user information with parent company Facebook, a reversal from the message the popular IM service shared when it was acquired two years ago. The change will enable marketers to directly contact users, "a similar strategy that is already being tested on Facebook Messenger," the New York Times reports.

Yum brands is shooting down a Chicago Tribune story which claims to reveal KFC's original recipe of 11 secret herbs and spices. The finger lickin' good scoop came in an interview with a nephew of KFC founder Harland Sanders, who produced a handwritten note from a family scrapbook. “Many people have made these claims over the years and no one has been accurate," Yum says. "This one isn’t either."

Sears will borrow another $300 million from its CEO, more than doubling what Eddie Lambert has leant "his troubled retail empire," as Fortune describes it. Sears had "another awful quarter" that it blamed on a "challenging competitive environment" which, per Fortune, "is difficult to accept given how much better rivals Walmart and J.C. Penney fared."

Ryan Lochte, who lost all four of his sponsors after making up a story about getting robbed at gunpoint in Brazil, has landed a new sponsor: Pine Bros Softish Throat Drops. We're guessing the TV campaign will go something like this: "I got (cough cough) robbed at (cough) gunpoint." Takes a Pine Bros Softish Throat Drop. "Ah, better. And that’s no over-exaggeration!"

Cover Art: Mylan CEO Heather Bresch speaks during a Bloomberg Television interview in New York, U.S., on Thursday, Feb. 11, 2016.