Economy & Business

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Updated at 3:12 p.m. ET

The first sentence of Yahoo's Wikipedia page now reads, "Yahoo! Inc. was an American multinational technology company."

Yahoo's Internet properties officially became Verizon's properties Tuesday, as the telecom giant finalized its $4.5 billion acquisition.

Uber made two big announcements Tuesday, adopting new policies to improve its workplace environment and saying CEO Travis Kalanick is going on a leave of absence for personal reasons. Kalanick said he needs time to grieve the recent death of his mother.

"The ultimate responsibility, for where we've gotten and how we've gotten here rests on my shoulders," Kalanick said. "There is of course much to be proud of but there is much to improve."

Kalanick said he would be working on a team that could lead "Uber 2.0."

Just after President Trump pulled the United States out of the Paris agreement, Goldman Sachs CEO Lloyd Blankfein tweeted his displeasure. Now, the blue-blood bank is going green in another way with a big move into wind and solar energy. Not just buying it, but pairing other buyers and sellers in the emerging market of renewable power. Goldman has inked a wind power deal to help run all its buildings and data centers on 100 percent renewable energy eventually.

Pink boxes: the unsung icon of LA's doughnut scene

Jun 13, 2017
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Kai Ryssdal and Maria Hollenhorst

For all the things written and said about Los Angeles, you may not know that La La Land is also kind of a doughnut town. If you count them on Yelp, there are more doughnut shops in LA County and there are in New York City or in Chicago. But it's not just the numbers that make the LA doughnut scene special.

Why the health reform bill is also a tax bill

Jun 13, 2017

Behind closed doors, Republican senators are pushing to get their health care bill written, with a July 4 goal for completion. While they’re at it, they may be trying to get a smidge of tax reform done at the same time. 

Click the audio player above to hear the full story.

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Kai Ryssdal

While Attorney General Jeff Sessions was testifying today at the Senate Intelligence Committee hearing on Russian interference into the 2016 presidential election, Bloomberg was busy publishing its own investigation into the affair. The piece, co-written by Michael Riley and Jordan Robertson, reports that the Russian intrusion was far more widespread than initially thought, extending to 39 states.

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Laura Benshoff

Each year, farms in and around a place called Kennett Square, Pennsylvania, produce more than half of all mushrooms grown in the United States. The town calls itself the mushroom capital of the world and drops a glowing mushroom cap on New Year's Eve.

But all those baby portobellos and shiitakes are picked by hand and almost entirely by immigrants — many of them undocumented — from Mexico and Guatemala.

Mushroom farm owners, like Chris Alonzo, say fears of immigration enforcement under President Trump may already be hitting their bottom line.

20: The Enforcer

Jun 13, 2017
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Molly Wood and Kai Ryssdal

Enforcers abound on this week's podcast. With help from Former Attorney General Eric Holder, Uber took on a series of recommendations to save itself from its own workplace culture, plus CEO Travis Kalanick is taking a leave of absence. But are there larger lessons for tech? Then we're talking with FTC Commissioner Terrell McSweeny about internet privacy and why she believes the open internet still needs a regulatory safe space. Plus, McSweeny answers our Make Me Smart question, and we have the results of our unofficial "Delete Twitter" Twitter poll.

Who in their right mind approved this ad?

Jun 13, 2017
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Jana Kasperkevic

This is just one of the stories from our "I've Always Wondered" series, where we tackle all of your questions about the world of business, no matter how big or small. Ever wondered if recycling is worth it? Or how store brands stack up against name brands?  What do you wonder?

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Marketplace

Senate Majority Leader Mitch McConnell has said he wants a vote on Republicans' health care bill before Congress leaves town for the July 4 recess. That gives the Senate 13 working days to vote on 17.8 percent of the American economy without, so far, any public hearings. We'll take stock of where that's at. Then: A new Bloomberg investigation found Russia's digital intrusion into the U.S. election was more widespread than we thought. We'll talk about the latest.

When I started my career at The Washington Post in the late 1990s, the newsroom wore a dusty, outdated look as if it were paying homage to its legendary past. The Post of today occupies an updated building on D.C.'s renowned K Street, in modern, glass-walled offices with a Silicon Valley aesthetic.

Copyright 2017 NPR. To see more, visit http://www.npr.org/.

STEVE INSKEEP, HOST:

Yahoo and AOL will form Oath, a new company, under Verizon

Jun 13, 2017

Verizon is expected to close on its $4.4 billion acquisition of Yahoo today after nearly a year of negotiations. Verizon will combine Yahoo with its property AOL to create Oath, the largest digital media company in the United States, with more visitors than Google. Will Oath have a chance to compete with Google and Facebook for ad dollars? 

Click the audio player above to hear the full story.

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Lesley McClurg

The San Francisco Giants, who started the season with the worst record in the National League, are adding a little extra juice to their routine.

About a third of the major league roster, including some big-name players, are working out while using high-tech headgear that sends a weak electric current to the brain, said Geoff Head, the team’s sports scientist. The team is testing whether the technology, called transcranial direct current stimulation, or tDCS, improves athletic performance.

06/13/2017: The politics of advertising

Jun 13, 2017

Marketing decisions seem to be getting a lot more polarized these days. Bank of America and Delta have pulled their sponsorship from New York's Public Theater because its Julius Caesar resembles Donald Trump, while JP Morgan Chase is pulling its ads from NBC because Megyn Kelly is interviewing a right-wing conspiracy theorist named Alex Jones. On today's show, we'll dig into the growing politicization of advertising.

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