Uber has already lost $1.2 billion this year, Mylan discounts the EpiPen; and more news

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Uber lost $1.2 billion in H1 and also told shareholders it expects to lose at least $100 million in H2, Bloomberg reports. "It's hard to find much of a precedent for Uber's losses," Eric Newcomer writes of the world's most valuable unicorn. The majority of the hit is due to driver subsidies, which could be why Uber is desperately seeking an autonomous vehicle future.

Mylan said it would reduce the patient cost of life-saving allergy treatment EpiPen by 50%. The move comes a day after Democratic presidential candidate Hillary Clinton said there was "no justification for … price hikes" of 600% over 10 years, and increased bipartisan criticism. The cut comes in the form of a $300 savings card to users, not as a wholesale price reduction.

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Jobless claims dropped to the lowest level in five weeks: 261,000. "Companies are retaining workers, particularly those with experience and skills, keeping claims close to four-decade lows and the jobless rate below 5%," reports Bloomberg.

The death toll from a 6.2 magnitude quake that hit central Italy rose to more than 250. Populations in the hardest hit towns from Wednesday's tremor — Amatrice, Pescara del Tronto, Arquata del Tronto and Accumoli — increase by up to tenfold in the summer, and many of the dead and missing are tourists. The quake was felt 100 miles away, in Rome.

US soccer goalie Hope Solo has been given what looks like a red card. The last straw for the sore losing Olympian was her observation that Sweden — which eliminated the US from medal contention — were "a bunch of cowards" for that team's conservative play. She's been suspended for six months but US Soccer is also ending her contract perhaps because, as the New York Times puts it, this was "merely the latest embarrassing episode involving Solo."

Fed chair Janet Yellen isn't speaking until tomorrow but markets are softahead of the annual central banker conference in Jackson Hole, Wyoming which begins today. Hope springs eternal that Yellen will shed some light on interest rate policy, but investors are not watching a game they're used to. "Rules that made sense 10 years ago don't make sense right now," Jared Bernstein, former economic advisor to Vice President Joe Biden, told AFP.

Sonya Rykiel, the rebellious French designer who got into the field during her second pregnancy so she could eschew dowdy maternity wear by making fashions "to show the world how happy I was," died at 86. Compared to Coco Chanel and fancied by the likes of Audrey Hepburn, Catherine Deneuve and Lauren Bacall, Rykiel also loved black — "And black, if it’s worn right, is a scandal.”

Cover Art: Uber CEO Travis Kalanick at the Institute of Directors (IOD) annual convention at the Royal Albert Hall in London, U.K., on Friday, Oct. 3, 2014.