NPR Business

Law
4:26 pm
Mon June 17, 2013

High Court Sides With Regulators In Drug Patent Case

Originally published on Mon June 17, 2013 5:45 pm

The Supreme Court sided with government regulators in an important case involving the pharmaceutical industry and patent law. At issue were contracts between "brand-name" pharmaceutical companies and "generic" producers in which the brand-name company paid the generic not to compete. The court said the Federal Trade Commission could challenge such contracts.

Technology
4:26 pm
Mon June 17, 2013

Google's 'Internet Balloons' Could Expand Online Access

Originally published on Mon June 17, 2013 5:45 pm

Google's "Project Loon" just launched in New Zealand — it uses balloons floating in the stratosphere to bring high-speed Internet access to remote areas.

The Two-Way
3:59 pm
Mon June 17, 2013

FTC Can Sue Firms In 'Pay For Delay' Drug Deals, Court Rules

The Supreme Court has ruled that the FTC can challenge arrangements between makers of generic drugs and makers of brand-name products such as AndroGel, seen here on a computer monitor screen.
Reed Saxon AP

When the maker of a brand-name drug pays a maker of generic drugs to not produce a lower-priced version of their product, the Federal Trade Commission can challenge the arrangement on antitrust grounds, the Supreme Court ruled Monday. The ruling may end the era of what regulators call "pay-for-delay" deals.

The justices voted 5-3 to allow a case to go forward in which the FTC is challenging one of many such deals. Several companies are involved in the case, including Solvay Pharmaceuticals, maker of AndroGel, and generic-drug maker Actavis.

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Code Switch
2:32 pm
Mon June 17, 2013

For People Of Color, A Housing Market Partially Hidden From View

Barriers to housing are a major reason for the disparity in household wealth between people of color and whites.
AP

Originally published on Mon June 17, 2013 6:53 pm

We've written before about the wealth gap between whites and people of color — a divide that's only grown wider over the past half decade. And since so much of Americans' household wealth is wrapped up in homes, a significant amount of that wealth gap has been chalked up to an array of barriers to homeownership for people of color.

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The Salt
1:27 pm
Mon June 17, 2013

Italian University Spreads The 'Gelato Gospel'

Thousands of students from around the world flock to courses near Bologna, in central Italy, at the headquarters of Carpigiani, the leading global manufacturer of gelato-making machines.
Giuseppe Cacace AFP/Getty Images

Originally published on Tue June 18, 2013 4:12 pm

Italy has secured its place in the global diet with the likes of espresso, cappuccino, pasta and pizza.

The latest addition to the culinary lexicon is ... gelato, the Italian version of ice cream.

And despite tough economic times, gelato-making is a booming business.

At Anzola dell'Emilia, a short drive from the Italian city of Bologna, people from all over the world are lining up for courses in gelato-making.

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Business
10:40 am
Mon June 17, 2013

Economists To G-8: Want Growth? Try This

A 2013 Accord is ready to come off the line at the Honda automobile plant in Marysville, Ohio, in 2012. Accords built at the 4,400-employee plant are shipped to South Korea — an example of the importance of trade to manufacturing jobs.
Paul Vernon Reuters/Landov

Originally published on Mon June 17, 2013 12:13 pm

If economists were cheerleaders, their favorite shout-out might be: "What do we want? Growth! When do we want it? Now!"

They won't actually shout those words, but they may be thinking them as global leaders meet this week for a G-8 summit. Economists are hoping that at the gathering in Northern Ireland, leaders of eight major economies will discuss expanding global trade and investment to spur job creation.

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Business
5:26 am
Mon June 17, 2013

The Last Word In Business

Originally published on Mon June 17, 2013 1:13 pm

Boring TV is such a hit in the Scandinavian nation of Norway that broadcasters are scrambling to produce even more shows to satisfy the appetites of viewers. One idea being considered is a live show with knitting experts, according to The Wall Street Journal.

Economy
5:26 am
Mon June 17, 2013

Long-Term Interest Rates Start Moving Higher

Originally published on Mon June 17, 2013 1:13 pm

Transcript

DAVID GREENE, HOST:

OK, Scott just made clear economic issues have some competition for top billing at the G 8 Summit in Northern Ireland. We do, though, want to drill down into one economic question this morning, and that's why interest rates here at home are going up. The bond market has pushed them to the highest levels in 15 months, and that includes mortgage rates.

Let's turn, as we often do, to David Wessel. He's economics editor of The Wall Street Journal. David, good morning.

DAVID WESSEL: Good morning.

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Health Care
5:26 am
Mon June 17, 2013

Smartphones Help Bridge Gaps In Electronic Medical Records

Originally published on Mon June 17, 2013 1:13 pm

Transcript

DAVID GREENE, HOST:

Let's look now at another change in health care, and this one has to do with paperwork. Hospitals and clinics are slowly replacing paper files with sophisticated electronic health records. But with a variety of systems in use, they often can't easily share medical information with each other, and this can be a pretty serious problem in the case of an emergency.

As Elizabeth Stawicki reports, smartphones might be one way to bridge this electronic gap.

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Business
5:26 am
Mon June 17, 2013

Lowe's Looks To Acquire Hardware Stores

Originally published on Tue June 18, 2013 8:52 am

Transcript

DAVID GREENE, HOST:

NPR's business news starts with an acquisition for Lowe's.

(SOUNDBITE OF MUSIC)

GREENE: The home-improvement retailer Lowe's has reportedly agreed to buy Orchard Supply Hardware Stores. The sale price is expected to top $200 million. Now, Orchard is a California-based hardware and garden chain. It was once owned by Sears, and it's now about $230 million in debt.

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