Economy & Business

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Disney to take on Silicon Valley with Fox merger

Dec 14, 2017

The Walt Disney Company is set to buy movie studios and a package of TV and cable businesses from the Murdoch family's 21st Century Fox in a deal worth more than $52 billion.

Some of the properties Disney will acquire include Twentieth Century Fox, Fox Searchlight Pictures, Twentieth Century Fox Television and FX Productions, which house shows like "The Simpsons" and major franchises like "X-Men." 

Disney announces deal with Fox

Dec 14, 2017

The Walt Disney Company has announced it's purchasing a movie studio and a package of TV, sports and other businesses from the Murdoch family's 21st Century Fox. The deal is worth more than $66 billion in stock and debt. 

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Office holiday party season is here. Traditionally the idea has been to relax and let your hair down with colleagues. But people have been known to get a little too relaxed at these things … and with allegations of sexual harassment dominating the news, some companies are making changes this year.

12/14/2017: Disney wants to take on Silicon Valley

Dec 14, 2017

(U.S. Edition) With Disney set to purchase 21st Century Fox assets for more than $50 billion, we'll look at the company's rationale for the deal and the antitrust problems that this merger could pose. Afterwards, we'll discuss what the GOP's tax overhaul — which Republicans in both the House and Senate have forged a deal on — could mean for taxpayers. Finally, we'll chat with Marketplace's Molly Wood about what the FCC's roll back of net neutrality could mean in the long-term. 

12/14/2017: Central banks in the spotlight

Dec 14, 2017

(Global Edition) From the BBC World Service…the U.S. Federal Reserve voted to raise interest rates on Wednesday, but two more important central bank decisions are happening Thursday. We’ll explain why inflation is top of mind for two key European banks. Then, before net neutrality became a divisive issue in America, it was the subject of much debate in India. We’ll explore why the nation’s regulator favored equal treatment of Internet users. Afterwards, the “Me, too” movement shined a glaring spotlight on sexual abuse —now a new campaign in the U.K.

Ultimately, it was the Mouse that roared — and the Fox that beat a retreat from the global stage.

The Walt Disney Co. has struck a deal valued at $52.4 billion to acquire much of the Hollywood holdings of 21st Century Fox, the global television and entertainment conglomerate controlled by Rupert Murdoch and his family. The deal occurs against a backdrop of swift changes to the industry's finances and uncertainty about succession plans at both companies.

Los Angeles is in its second week of trying to contain the Thomas fire that has spread through two counties. Millions of acres have burned across the U.S. this year, and one fire killed 44 people and destroyed thousands of homes and businesses in California wine country in October. What role is technology playing in preventing harm from wildfires? Marketplace Tech host Molly Wood talks with Brandon Collins, a research scientist at UC Berkeley’s Center for Fire Research and Outreach, about fire prevention technology – and its limits. 

What tech can — and can't — do to prevent and put out wildfires

Dec 14, 2017

This year has been a terrible one for wildfires. Millions of acres in Montana, Oklahoma, Florida, Texas and North Carolina and South Carolina have been damaged. There was the fire in California that killed 44 people and burned thousands of homes and businesses in wine country in October. And now, Los Angeles has entered its second week of the Thomas fire.

Ten years ago this month, you may not have noticed the cracking and crumbling under you.

At the time, you may have had a job, a home and rising retirement savings. Sure, the housing market was hurting a lot, but stock prices were still holding up and Federal Reserve policymakers were offering reasons for calm, saying they expected strong consumer spending.

Copyright 2017 Northwest News Network. To see more, visit Northwest News Network.


CVS Health CEO On Aetna Deal

Dec 14, 2017

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A CVS Pharmacy commercial from 1990 portrays the pharmacist as a friend, a confidant.


UNIDENTIFIED ACTRESS #1: (As Gail) Judy, I'm so embarrassed. The school nurse sent Lisa home today with this note.

Madeleine L'Engle, the author of the classic novel "A Wrinkle in Time," believed "there comes a point where you can go as far as thinking will take you, and then you will move into the world that might become fantasy, which is that world beyond where your mind will take you, and then you stop, you stop short, and you listen."

Trump SoHo is a high rise in lower Manhattan, part hotel, part condos; it's 46 stories tall, all slick grey glass. Conflicts, from zoning battles to accusations of fraud, have followed the project since it was announced during a 2006 episode of The Apprentice.

According to reports by Bloomberg News, Trump SoHo has attracted the interest of Department of Justice special counsel Robert Mueller, who is investigating possible ties between Trump's 2016 presidential campaign and Russian officials.

12/13/2017: The abuse liability of a drug

Dec 13, 2017

“Delayed absorption as provided by OxyContin tablets, is believed to reduce the abuse liability of a drug.” That’s a sentence from OxyContin’s original label, and after months of investigation, Marketplace podcast The Uncertain Hour has found it an important factor in setting off the opioid crisis. And today we break down Janet Yellen’s last news conference and review the deal the House and Senate struck to move the tax bill along.

The popular crowdfunding service Patreon has backed off plans to change its payment structure, after widespread, vocal and passionate opposition from creators and their fans.

Last week, the site announced it would attach a surcharge to every individual donation pledge — a change that would negatively impact anyone trying to send small quantities of money to multiple artists they support. Many users immediately pulled their support from the platform.

On Wednesday, the site reversed course, apologized to members who have already lost money, and issued a mea culpa.