The following video is from Wednesday's MarketFoolery podcast, in which host Chris Hill, as well as analysts Tim Hanson and Joe Magyer, discusses the top business and investing stories.

In today's episode, Apple (NASDAQ:AAPL) may release a lower-cost iPhone, potentially to the brand's detriment; DISH Network (NASDAQ:DISH) has offered to pay more for Clearwire (NASDAQ: CLWR) than Sprint (NYSE:S) which further complicates the acquisition drama and has shares of Clearwire up; and two hedge fund managers and activist investors compete in the battle over Herbalife (NYSE:HLF), and one may come away severely financially damaged.