Economy & Business

Business news

Philadelphia-based Comcast outbid 21st Century Fox on Saturday to take control of British broadcaster Sky for about $39 billion.

The U.S. cable giant came out on top in a three-round auction held by British regulators by offering about $2 more per share.

Both Comcast and Fox wanted Sky to compete with online streaming services Netflix and Amazon.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

SCOTT SIMON, HOST:

Pharmaceutical companies spend a lot of money to develop new blockbuster drugs — for research, and then getting the meds through clinical trials. And of course, they try to maximize profits once those drugs are on the market with programs to encourage doctors to prescribe them, and patients to stay on them. There are pretty strict laws barring the companies from outright paying off doctors by giving them lavish trips or valuable swag to get them to write more prescriptions.

The Equal Employment Opportunity Commission filed a lawsuit against Walmart Inc. on Friday, alleging the company has unlawfully discriminated against pregnant workers for years at one of its warehouse locations in Wisconsin.

The complaint, filed in federal court on behalf of Alyssa Gilliam, claims Walmart failed to accommodate workers' pregnancy-related medical restrictions, even though job modifications were provided to non-pregnant employees with physical disabilities. It also says the company denied pregnant workers' requests for unpaid leave.

China has warned the U.S. to withdraw sanctions on its military or face consequences. The U.S. imposed the sanctions on Thursday over China's purchase of Russian fighter jets and surface-to-air missile equipment.

One leather goods maker on tariffs: "It's not a war, it's just business"

Sep 21, 2018

Tariffs on nearly 5,000 Chinese imports will go into effect on Monday. Called Section 301 tariffs, they target $200 billion worth of finished products, including clothing, accessories, yarn, electronics and more. Hundreds of people from businesses and trade groups have testified before the United States Trade Representative's office. While most voiced their concerns about imposing these tariffs on Chinese imports, Michael Korchmar testified in favor of the Trump administration's decision. He runs the Leather Specialty Co. in Naples, Florida, which makes leather briefcases and bags.

The electric scooter company Bird turned one this week and the company got a nice present from the state of California. Gov. Jerry Brown signed a law saying adults don’t have to wear helmets when they ride. It’s a big win for all e-scooter companies, but not so great for others.

“For some people, they’re blight,” said Scott Cummings, a law professor at UCLA. “They’re strewn around, they’re everywhere. They’re in walkways.”

Cummings said it’s easy to see why some cities have banned them while others have been more welcoming.

How ticket prices affect scalping

Sep 21, 2018

Ticketmaster has allegedly been working with scalpers to increase its profits, according to an investigation by CBC News and the Toronto Star.

The outlets sent undercover journalists to an industry convention in Las Vegas, where they learned about Ticketmaster's TradeDesk system. It allows scalpers to buy tickets from Ticketmaster's site in bulk and then list them again for resale, with profits from both sales going to Ticketmaster.

The 5G cold war

Sep 21, 2018

Which country will be the first to implement the next generation of wireless technology? The race to 5G is on between the United States and China. The questions is, who foots the bill? Also on today's show: Love 'em or hate 'em, electric scooters are gaining ground. California Gov. Jerry Brown says adult electric scooter riders won’t have to wear helmets starting Jan. 1. The new law is a big victory for companies like Lime and Bird, which have had tense relationships with city governments on issues like crowding and pedestrian accidents.

Rent!

Sep 21, 2018

Ever since the end of the financial crisis, rents have been rising all across America. A recent report from Zillow put the median monthly accommodation rental payment in the U.S. at $1440.

The good news is, that it is the same as last year. After years of rising, rents are finally leveling off. Susan Wachter of the Wharton school talks with Stacey and Cardiff about what that means for renters and for the entire U.S. economy.

Trump wants OPEC to keep oil prices down

Sep 21, 2018

The countries that make up OPEC as well as Russia and other oil-producing allies will meet this weekend in Algeria. On the agenda: Upping supply. On Thursday, President Donald Trump tweeted, "We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher oil prices! We will remember. The OPEC monopoly must get prices down now!"

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RACHEL MARTIN, HOST:

(Markets Edition) Under the cloud of a trade war and trouble in emerging markets, many people are cutting down the risk in their portfolios by buying more stocks. Stocks are actually seen as riskier, not safer, yet EPFR Global notes that $15B more went into the U.S. stock market last week alone. Then, we talk more with Chris Dodd and Barney Frank, the two Democratic lawmakers who pushed the epic financial reform law through Congress during the financial crisis. But what if the next financial crisis is triggered by something different?

Pages