The Destiny Companion App is up to date and running without problems, but the brand new Y2 Dragon's Breath still appears as a CLASSIFIED item and cannot be viewed, moved, or equipped on any character or to/from the vault. Dragon's Breath cannot be moved through the Bungie.net webpage either.
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It'd make too much sense to update the app the same day you update the game. Give it a few weeks and if they make enough money off their micro transactions they might consider updating the app.