Economy & Business

Business news

Pfizer faces record fine in the UK over epilepsy drug

Dec 7, 2016

On today's show, we'll talk about how the Trump administration might handle the proposed $85 billion merger between AT&T and Time Warner; a decline in mortgage applications; Pfizer's record fine in the U.K. over an epilepsy drug; and Japanese tourists who are trying to learn more about Pearl Harbor. 

How to support yourself after the robot revolution

Dec 7, 2016
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Steve Gardner

Here’s a startling prediction: if current labor trends continue, one out of three American men, ages 25-54, will be out of work by mid-century.

That’s what former U.S. Treasury Secretary Lawrence Summers expects. “Job destruction caused by technology is not a futuristic concern,” Summers wrote this fall. “It is something we have been living with for two generations.”

The Department of Labor has guidelines for companies that want to keep unpaid interns. Essentially, unpaid interns have to be treated like students and shouldn't do the work of paid employees.

Those rules, however, don't apply to government agencies.

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JaeRan Kim

There are five Saturdays in December this year. Why is that significant? You get an extra day for last-minute shopping. But if the holiday sales season feels extra-long this year, it’s not just because of the calendar. Stores are offering deals earlier. But is that sustainable?

Click the above audio player to hear the full report. 

Senate panel hearing weighs AT&T-Time Warner merger proposal

Dec 7, 2016
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Nancy Marshall-Genzer

The Senate Judiciary Committee holds a hearing on Wednesday on the proposed merger of AT&T and Time Warner. The deal is worth about $85 billion. President-elect Donald Trump attacked it on the campaign trail. Now his administration will likely decide its fate. 

Click the above audio player to hear the full story. 

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Michael Solomon

The bus tour leaves in the early hours of the morning, and by 6:30 a.m., this group of Japanese visitors are on their way to the most popular tourist attraction in the state: Pearl Harbor.

“Of course Pearl Harbor is important for history for both countries," said Kozo Fukuyama, a Japanese tour guide. "That’s why they come.”

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Steve Gardner

There’s a lot of talk in Silicon Valley about “basic income,” giving everyone a fixed amount of money to meet basic needs. In a world of precarious work – gig work, part-time and on-demand employment – the idea of a guaranteed minimum income is attracting attention.

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Marketplace

On today's show, we'll talk about the Supreme Court's recent insider trading ruling; the European Commission's decision to fine three banks that participated in price collusion; and a tech group that's testing the idea for a universal basic income in Oakland, California. 

Marketplace Tech for Wednesday, December 7, 2016

Dec 6, 2016
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Marketplace

On today's show, we'll talk about Samsung's victory in a Supreme Court battle against Apple over patents, and what that means for the future of design. We'll also chat with Hadi Partovi, CEO and founder of the nonprofit Code.org, about why he thinks it's important for kids to get the opportunity to learn code. 

S02-4: Watching

Dec 6, 2016
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Bruce Johnson

A small city known for its Amish population and surveillance cameras, an old lady in Northern Ireland who watches video feeds in Brazil and getting footage from the fin of a shark. Listen, decode, and decide: Can watching save us?

Stay updated on all things Codebreaker.

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He was a flamboyant, alpha-male billionaire who said things no career politician ever would — someone who promised to use his business savvy to reform the system and bring back jobs. Voters believed that his great wealth insulated him from corruption, because he couldn't be bought.

But his administration was marked by criminal investigations and crony capitalism.

Amazon says it is opening a new food and convenience store that doesn't have a checkout line.

Instead, the company envisions customers at the Amazon Go store picking up whatever they want off the shelves — then simply walking out with it. The items are automatically billed to their Amazon accounts.

Facebook, Microsoft, Twitter and YouTube say they are creating a database to keep track of terrorist recruitment videos and other terror-related images that have been removed from their services.

In a joint statement posted by Facebook on Monday, the company said:

Copyright 2016 NPR. To see more, visit http://www.npr.org/.

ARI SHAPIRO, HOST:

The U.S. stock market is up more than 3 percent since Election Day four weeks ago.

One person who hasn't benefited: President-elect Donald Trump.

In a call with reporters, transition spokesman Jason Miller says Trump sold all of his holdings in the stock market over the summer. The move could remove some, but not all, potential conflicts of interest as the billionaire businessman takes office as president.

Even before the sale, stocks accounted for a tiny fraction of Trump's personal fortune. Most of his money is in real estate.

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