Marketplace

Weekdays 6pm
  • Hosted by Kai Ryssdal

Award-winning Marketplace is public radio's daily magazine on business and economics news "for the rest of us."  Hosted by Kai Ryssdal, award-winning Marketplace is public radio's daily magazine of business and economics. Marketplace takes a fresh approach to business news covering  listeners from wallet to Wall Street. 

The Hankamer School of Business at Baylor University and Mc Lane Intelligent Solutions are local sponsors of Marketplace on KWBU.

For program sponsorship information, contact Bill Leek at 254-710-4472.

Obamacare’s open enrollment period closes for most states Friday. Thanks to a complicated federal formula, a spike in premiums this year has given consumers who are eligible for subsidies more money to buy insurance. And early signs suggest some people in California and Washington state are going for the gold —the gold, normally expensive, plans.

Click the audio player above to hear the full story. 

(U.S. Edition) The House and Senate are trying to bolt their tax plans together amid pressure from the White House to get this done before Christmas. We'll take a look at where both chambers stand after negotiations last night. Afterwards, we'll talk to Marketplace producer Caitlin Esch about the opioid crisis as part of our "Uncertain Hour" podcast. Between 1995 and 2015 alone, 300,000 people died from overdoses involving OxyContin and other opioids.

Some Capitol Hill lawmakers say a rushed tax bill is not such a big deal, because a technical corrections bill can happen early next year. But given the uncertain nature of today’s politics, that could be harder or take longer than expected.

Click the audio player above to hear the full story. 

12/13/2017: Evolution in entertainment

Dec 13, 2017

(Global Edition) From the BBC World Service … A major deal is underway in the media industry with 21st Century Fox in talks to sell its entertainment assets to Disney. We explain what that means for customers worldwide. And a more than three-decade ban on commercial cinemas is coming to an end in Saudi Arabia. We chat with a filmmaker in the region who says the move will create a Saudi film industry that could change the entire culture there. 

Tomorrow, the Federal Communications Commission will vote on whether to eliminate net neutrality rules. Those regulations were created under the Obama administration, and prevent internet service providers like Verizon or Comcast from favoring certain content over others. The current FCC says companies should be able to do what they like, as long as they are transparent about it. This is controversial, and the public comment system on the FCC’s proposed rules was overtaken by spam and fake accounts.

How one sentence helped set off the opioid crisis

Dec 13, 2017

OxyContin went to market in 1996 with a campaign by Purdue Pharma that suggested a less abusable drug, one that doctors could prescribe for moderate pain, in addition to severe pain.

At the center of the company’s marketing aimed at physicians was a single sentence in OxyContin’s original label:

“Delayed absorption as provided by OxyContin tablets, is believed to reduce the abuse liability of a drug.”

S02-4: The sentence that helped set off the opioid crisis

Dec 13, 2017

When OxyContin went to market in 1996, sales reps from Purdue Pharma hit one point particularly hard: Compared to other prescription opioids, this new painkiller was believed to be less likely to be addictive or abused.

But recently unsealed documents in this investigative episode shed light on how the maker of OxyContin seems to have relied more on focus groups than on scientific studies to create an aggressive and misleading marketing campaign that helped fuel the national opioid crisis.

Purdue Pharma spokesman Robert Josephson provided Marketplace with this statement in response to questions from The Uncertain Hour about OxyContin, the company, and its relationship with the FDA. The company's responses are published in full below.

Purdue Pharma L.P. Response
December 12, 2017

1. Why did Purdue not do any clinical studies to back up the “delayed absorption” sentence?

FDA statement on The Uncertain Hour's OxyContin episode

Dec 13, 2017

FDA spokesman Michael Felberbaum provided Marketplace with this statement in response to The Uncertain Hour's investigation into the agency and Purdue Pharma, the maker of OxyContin. 

The Treasury Department's tax plan analysis is one page long. Really.

Dec 12, 2017

Republicans may be close to an agreement on a final tax bill, but nobody knows for sure. What we do know, however, is that the GOP is not a fan of nonpartisan analysis that shows the bill would add at least $1 trillion to the national debt without spurring the kind of growth needed to offset that figure. The executive branch finally weighed in with its own analysis of sorts in the form a one-page summary released by the Treasury Department. Marketplace host Kai Ryssdal discussed it with Ben White, chief economics correspondent at Politico.

Robert Johnson and Tanisha Asamu sat knee to knee, gazing into each other’s eyes.

“I appreciate your patience, because I know I’m not always the easiest person to deal with,” Johnson said.

“I appreciate how important family is to you, including us, of course,” Asamu said back.

It was not the most romantic setting — a conference room at the Center for Urban Families, a social services organization in Baltimore. The exercise was part of a class designed to help low-income couples raising children build more solid relationships.

Nearly three months after Hurricane Maria hit Puerto Rico, recovery is still slowly underway on the island. And underneath it all, one question persists — what to do about the island’s debt. At one point President Donald Trump said it would have to be wiped out … the White House then downplayed that statement. But in a new opinion piece in the Washington Post. a trio of academics, including Nobel Prize winning economist Joseph Stiglitz, say they've crunched the numbers and that in fact, Puerto Rico has no capacity to make any debt payments in the next 10 years.

Westfield mall owner agrees to sale

Dec 12, 2017

Europe's largest commercial landlord, Unibail-Rodamco, announced plans today to buy the Westfield Corp. for almost $16 billion. Westfield is an Australian company that has 35 mostly upscale malls in prime locations across the United States and United Kingdom. But even the firms behind some of America's best-performing malls are feeling the pressure from online retailers like Amazon. So their owners are consolidating to survive. 

Click the audio player above to hear the full story. 

President Donald Trump signed the National Defense Authorization Act today. It calls for around $700 billion in defense spending for fiscal year 2018. That would blow right through the spending caps Congress agreed to back in 2011. Congress has to vote to modify those caps, if it wants to spend this much money on defense. And it’s not clear Republican leaders have the votes to do that.

Click the audio player above to hear the full story. 

In the aftermath of CVS’ $69 billion deal to buy health insurance giant Aetna, the company wants to turn its MinuteClinics into health care hubs where people can get even more of their basic needs met. But what would it take for this to happen? And since we can’t go one day without talking taxes, we discuss the Treasury Department’s one-page analysis of the bill with Politico’s Ben White.

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