Economy & Business

Business news

Big Pharma's competition to buy new cancer drugs

Aug 22, 2016

Pfizer announced on Monday that it will pay $14 billion to acquire Medivation, the company behind the prostate cancer drug Xtandi. The purchase will help make Pfizer a stronger presence in the lucrative cancer drug business, with the possibility of expanding Xtandi to breast cancer treatment.

At Six Flags Magic Mountain in Valencia, Calif., the New Revolution Virtual Reality Coaster hurtles you up, down and around — while you're wearing VR goggles over your eyes.

Twenty years ago, welfare as Americans knew it ended.

President Bill Clinton signed a welfare overhaul bill that limited benefits and encouraged poor people to find jobs.

"We're going to make it all new again, and see if we can't create a system of incentives which reinforce work and family and independence," Clinton said at a White House bill signing ceremony.

The goals were admirable: help poor families get into the workforce so they'd no longer need government aid. They'd get job training and support, such as help with child care.

The legacy of welfare reform, 20 years later

Aug 22, 2016
Caitlin Esch

When Marketplace’s Wealth and Poverty team started reporting on welfare reform almost a year ago, our goal was to follow the money. We wanted to know how federal welfare dollars were spent and to what impact. 

The answers involved nine months of digging deep into Excel spreadsheets, government contracts and state budgets, and the result was season one of our new podcast The Uncertain Hour. We not only learned about where the money went, but the effect this reform, enacted in 1996, has had on our country.

Ruby Duncan: The Activist

Aug 22, 2016

Ed note: After President Bill Clinton signed a bill that “ended welfare as we know it” in 1996, major changes occurred in who could receive cash assistance and how states could spend their welfare money. We explore the uncertainties of welfare in the first season of  The Uncertain Hour podcast.  Along the way, we met a lot of people who changed, or were changed by, welfare.

In Japan, seniors are half of all welfare recipients

Aug 22, 2016
Adam Allington

Some experts say we have what amounts to a “retirement funding crisis” here in the United States. That, given longer lifespans, many retirees aren’t able to get by on savings and Social Security alone.

Well, seniors in Japan are also struggling, and in many cases the situation is much worse.

As of March, people 65 or older now account for more than half of all households living on welfare.

The situation is the result of several pieces of bad news, which economist Matthew Goodman at the Center for Strategic and International Studies describes as the “three Ds.”

On an ordinary day, you might miss this slip of a shop wedged between a veterinary clinic and a grocery store in Paris' popular Bastille neighborhood. But on an empty August afternoon, the Clinique du Rasoir Electrique — the Electric Razor Clinic — jumps right out at me.

Here, in a cluttered shop from a bygone era, 73-year-old Jacques Guillaume has been repairing electric razors since 1962. He says he's the last of a kind.

George Curry, the legendary columnist, commentator and champion of black journalists, died of sudden heart failure on Saturday. He was 69.

Lou Pearlman, the impresario behind boy band giants such as the Backstreet Boys and *NSYNC, has died in prison where he is serving a 25-year sentence tied to a $300 million Ponzi scheme.

The Federal Bureau of Prisons said 62-year-old Pearlman died on Friday, without specifying a cause of death.

Along with the Ponzi scheme allegations, Pearlman has also faced accusations of sexual misconduct against numerous young boy band members, first detailed in a 2007 Vanity Fair article.

Copyright 2016 NPR. To see more, visit NPR.


Copyright 2016 NPR. To see more, visit NPR.

Copyright 2016 NPR. To see more, visit NPR.

Copyright 2016 NPR. To see more, visit

Copyright 2016 NPR. To see more, visit

The massive container ships that ply the high seas bring us pineapples and mangoes in winter, and computers and cheap t-shirts all year round. But the shipping industry is a volatile, cyclical and ferociously competitive business. There are good years and bad years.

And then there's this year.