Economy & Business

Business news

The blood-testing company Theranos — until recently a Silicon Valley darling — lost its largest revenue source after Walgreens terminated the companies' relationship late Sunday. Walgreens cited problems federal regulators have had with Theranos' lab testing and potential sanctions over problems found at its labs.

Walgreens' withdrawal is another step in a rapid fall from grace for Theranos — and ends a partnership that was the cornerstone of its early success.

Will Orlando change security where we work and play?

Jun 13, 2016

Deadly shootings like what happened in Orlando make people worry about the ones they love. For business owners and managers, they also worry about the safety of their employees and customers. The decisions they’re making in response to mass shootings could dramatically change the places we work, shop and play.

Click the player above to hear more about the American security industry and the impact it could have in the wake of the Orlando shootings.

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Kai Ryssdal

While police and others in Orlando unpack the events of early Sunday morning it’s appropriate to, yet again, look at the business of guns in America. The FBI says the guns used in the Orlando shooting were purchased legally. But do large companies like Wal-Mart and Dick’s Sporting Goods -- both firearm retailers -- change their operations in the wake of mass shootings like this? And how do mom-and-pop shops play into the gun economy?

Introducing "The Price of Profits"

Jun 13, 2016
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Marketplace staff

For many people, it feels like the wheels have come off the American Dream. Wages are stuck. The once sure-fire step up, a college degree, is becoming unaffordable. Jobs a family can plan a future around can seem scarce. Much of the angry passion this election year stems directly from these concerns about Americans' personal economies.

Microsoft links up with LinkedIn for $26 billion

Jun 13, 2016
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Lane Wallace

Microsoft announced Monday that it will pay $26.2 billion to acquire professional networking service LinkedIn, in a deal expected to go through by the end of the year. It would be one of the biggest tech acquisitions ever, and Microsoft’s largest by a long shot--all to acquire a company that’s growing rapidly, but struggling to profit from that growth.

The two companies are aiming high: in a call with investors today, LinkedIn CEO Jeff Weiner said their long-term vision is to change how work happens, to “help transform and lift the global economy.”

When I was around 11 or 12, my dad was the general manager of the Hilton Fayrouz in Sharm el-Sheikh, Egypt, a resort town at the tip of the Sinai peninsula. I spent my summers like Eloise, the little girl who lived at the "tippy top" floor of the Plaza Hotel. Like her, I wandered the hotel grounds and made friends with the staff and tourists from Sweden to South Africa. Unlike her, I got to swim and snorkel in the sparkling aquamarine waters of the Red Sea.

Microsoft is making a massive bet on professional social networking: It has reached an agreement to buy LinkedIn for $26.2 billion. The deal is the biggest ever for Microsoft and one of the largest for the tech industry.

What this represents is effectively a bet on a new kind of connected workplace, in what Microsoft calls the "productivity" industry. The companies hope to merge Microsoft's Office 365 and other business products with LinkedIn's professional social network.

Microsoft purchases LinkedIn for $26.2 billion

Jun 13, 2016

On today's show, we'll talk about business security amid the news that a gunman killed 49 people at a gay nightclub in Orlando, Florida; the future of Theranos; and Microsoft's decision to buy LinkedIn for $26.2 billion.

Marketplace for Monday, June 13, 2016

Jun 13, 2016
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Kai Ryssdal

How businesses who sell guns are reacting to the Orlando mass shooting and other shootings in the past; a look at the private-security market; and introducing our series "The Price of Profits," what happens when profits become a company’s product.

Summer is always a weird time for the TV industry.

These days, in a #PeakTV world where hundreds of scripted shows air every year, there is no downtime. Which means viewers will see a dizzying number of new and returning TV shows this summer on broadcast, cable and online — close to 100 series, by my count.

Loyalty frays for both employers and employees

Jun 13, 2016
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Steve Gardner

The ranks of Americans working contract, freelance and temporary jobs are growing. Many companies have a two-tier workforce now, a blend of permanent employees and contractors. We’ve been here before.

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Lizzie O'Leary and Eliza Mills

A gunman killed about 50 people at a gay nightclub in Orlando, Florida, on Sunday, making it the nation's deadliest mass shooting in modern history. The shooter, 29-year-old Omar Mateen, was armed with both a handgun and an AR-15 style rifle, according to law enforcement.

The shooting has many wondering how businesses are going to treat security going forward, and whether they'll be able to prevent future incidents like these from happening. 

AR-15 rifle becoming tragically iconic

Jun 13, 2016
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Annie Baxter

A gunman at a gay nightclub in Orlando, Florida killed nearly 50 people Sunday and injured at least as many more. The gunman, 29-year-old Omar Mateen, was wielding a handgun and a style of semi-automatic rifle called the AR-15, a weapon that has now been used in several mass shootings.

The AR in AR-15 stands for ArmaLite Rifle, named after the company that developed it in the 50s — originally for military use. Later, a civilian variant was designed.

Health economists diagnose the Affordable Care Act

Jun 13, 2016
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D Gorenstein

About 1,000 health care economists from around the country descend on Philadelphia this week for the biennial conference of the American Society of Health Economists.

Think of it as Woodstock for health geeks who will, over several days, present nearly 550 papers covering insurance, hospital mergers and a host of other issues.

Of all those, Obamacare will be the jam that gets played over and over with 78 papers focused on some aspect of the law.

Marketplace Tech for Monday, June 13, 2016

Jun 13, 2016
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Marketplace

On today's show, we'll talk about Mark Zuckerberg's plans to do a live Q & A on Tuesday with folks from around the world; interview author Arun Sundararajan about his new book "The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism"; and look at the military's relationship with GPS.

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