On Friday, the U.S. Food and Drug Administration said it approved Breo Ellipta for long-term use and to control flare-ups in patients with chronic obstructive pulmonary disorder, often called smoker's cough.

WSJ: Elan enters $1B royalty deal with Theravance

Stocks could be hit by widely expected interest rate rises in the US, the UK and Europe, as central banks try to control the risk of a flare-up of inflation.

BBC: More

Of course, Doug is ignoring that while drilling, the operator temporarily lost control of the well and a flare occurred that lasted over two hours, a pretty good sign that a lot of gas was flowing up the well.

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