Sam Baker Aug 4
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“Pharma bro” Shkreli convicted

Richard Drew / AP

Martin Shkreli — the former hedge-fund manager who became infamous after raising the price of a life-saving drug by more than 5,000% — was found guilty Friday of misleading investors, according to the Associated Press. The charges on which Shkreli was convicted Friday are unrelated to his drug-pricing scandal.

The back story: Shkreli rose to national notoriety after he bought the rights to the drug Daraprim, which had been on the market for years, and raised the price from $13.50 per pill to $750. He was hauled before Congress and became an easy target in the national uproar over high drug prices.

Why it doesn't matter: Daraprim still costs $750.

Jonathan Swan 13 hours ago
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McMaster out, Bolton in as National Security Adviser

Bolton. Photo: Drew Angerer/Getty Images

H.R. McMaster plans to resign and will be replaced as national security adviser by former U.N. ambassador John Bolton. The White House said McMaster's departure had been under discussion for some time and that the process was sped up to end speculation about the role. McMaster will stay on until mid-April.

Bottom line: This isn’t about ideology — unlike Trump, Bolton is hawkish and interventionist on foreign policy. This is about personal chemistry. 

Haley Britzky 11 hours ago
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Report: DNC hacker works in Russian intelligence

Vladimir Putin.
Photo: Mikhail Svetlov / Getty Images

The hacker that stole Democrat National Committee emails, Guccifer 2.0, was "an officer of Russia's military intelligence directorate (GRU)," according to the Daily Beast.

Why it matters: Special counsel Robert Mueller never explicitly implicated Russian President Vladimir Putin in his investigation. Connecting Guccifer to "Russia's largest foreign intelligence agency" would do exactly that.