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Best Buy begins selling iPhone; also: Wells Fargo investors can party like it’s 1990, and Strib series details medical consulting fees

The iPhone has arrived at Best Buy. Can store-deep lines of nerds be far behind? The Richfield-based retailer becomes the first U.S. chain to sell the device, besides Apple and AT&T’s own stores, the Associated Press reports. As of Sunday, the popular cell phone is now available at nearly 1,000 Best Buy stores around the country.

Wells Fargo investors have reason to party like it’s 1990,
blogger Todd Sullivan writes at his ValuePlays site. “Wells Fargo (WFC) is doing the little things like it did in 1990 that made shareholders very happy for the next almost two decades,” Sullivan says. That includes recently acquiring a 4,300-employee insurance firm in the Pacific Northwest.

A new study delivers promising news for a Medtronic diabetes treatment. A new study published today in the New England Journal of Medicine shows adults with type 1 diabetes who used personal Continuous Glucose Monitoring therapy averaged lower blood glucose levels than the control group.

A must-read series on payments to doctors by medical device companies
in the Star Tribune. Sunday’s piece introduces the practice of paying high-profile doctors consulting fees. Critics who say it’s a way of buying influence. Today’s piece continues with the debate about what is appropriate and what crosses the line when it comes to consulting fees.

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