Mikhail Klimentyev / AP

The Daily Beast got their hands on a Department of Homeland Security memo issued this past July warning government employees of approaches by foreign intelligence officials.

  • A caveat: Some of The Daily Beast's sources believed it to be "routine and somewhat obvious," while others saw it as a "serious indication" of Russian interference.
  • Its timing: A senior administration official said that Kislyak's presence at the RNC was "not unrelated" to the production of the memo. The memo was issued the day after then-Sen. Jeff Sessions met with Kislyak, although that meeting was not reported until last week.
  • Reaction from a Trump campaign staffer now working with the administration: "So yeah, we know him and he knows us, and you make small talk and you play that game. If you think that means I can't handle my shit and we're all Russian agents, go [f***] yourself."
  • The big takeaway from a current law enforcement official, "This is also known as one enormous Cover Your Ass…The bulletin is bullshit, but the threat isn't and people should know."

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The big picture: The U.S. drug pricing system is filled with confusing numbers, and many entities profit off the flow of drugs, but pharmaceutical companies retain a vast majority of the proceeds.

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The big picture: This is the latest example of how the world's wealthiest country just can't get it together.

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Pandemic plunges U.K. into "largest recession on record"

The scene near the Royal Exchange and the Bank of England in the City of London, England. Photo: Tolga Akmen/AFP via Getty Images

The United Kingdom slumped into recession as its gross domestic product GDP shrank 20.4% compared with the first three months of the year, the Office of National Statistics (ONS) confirmed Wednesday.

Why it matters: Per an ONS statement, "It is clear that the U.K. is in the largest recession on record." The U.K. has faired worse than any other major European economy from coronavirus lockdowns, Bloomberg notes. And finance minister Rishi Sunak warns the situation is likely to worsen.