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Thailand's shrimp shortage drives up global prices, JPMorgan Chase had a great second quarter, and more

Shrimp in Saphunburi, Thailand.
(Image credit: Jack Kurtz/ZUMA Press/Corbis)

1. THAILAND'S SHRIMP SHORTAGE DRIVES UP GLOBAL PRICES

In 2009, a disease lethal to shrimps began traveling through Asia, from China to Vietnam, and has now struck Thailand, the world's largest shrimp exporter. The disease, which kills shrimps before they can reproduce, has driven Thai shrimp stocks down as much as 40 percent this year. As a result, prices in the U.S. have jumped by as much as 20 percent. Kroger Company, the grocery giant, said the shortage is "affecting all retailers, including us," and that "it will have an economic impact." [The Wall Street Journal]

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Carmel Lobello is the business editor at TheWeek.com. Previously, she was an editor at DeathandTaxesMag.com.