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News Articles: Business

Despite being addictive and deadly, menthol cigarettes were long advertised as a healthy alternative to "regular" cigarettes — and heavily advertised to Black folks in cities.

Tagged as: 

  • Race

The minty past and cloudy future of menthol cigarettes

In the U.S., flavored cigarettes have been banned since 2009, with one glaring exception: menthols. That exception was supposed to go away in 2023, but the Biden administration quietly delayed the ban on menthols. Why? Well, an estimated 85 percent of Black smokers smoke menthols — and some (potentially suspect) polls have indicated that a ban on menthols would chill Biden's support among Black people. Of course, it's more complicated than that. The story of menthol cigarettes is tied up in policing, advertising, influencer-culture, and the weaponization of race and gender studies. Oh, and a real-life Black superhero named Mandrake the Magician.

February 21, 2024
|
By:
  • Gene Demby,
  • B.A. Parker,
  • and 7 more
Former President Donald Trump attends a pretrial hearing Thursday for charges he faces in a New York hush money case. Two civil judgments in New York have put Trump on the hook for hundreds of millions of dollars.

Tagged as: 

  • Politics

Trump faces some half a billion dollars in legal penalties. How will he pay them?

Donald Trump owes legal penalties totaling hundreds of millions of dollars in two civil cases recently decided in New York, raising questions about how he'll pay the amount.

February 20, 2024
|
By:
  • Rachel Treisman

Tagged as: 

  • Economy

Could fake horns end illegal rhino poaching?

In business, the million-dollar question is how to get people to buy stuff. But in wildlife conservation, the challenge is: how do we get people to not buy stuff? How do we bring down demand for fur, ivory and rhino horns? Today on the show, the story of a business trying to make lab-grown rhino horns and the backlash that followed.

Check out more of Juliana Kim's reporting for NPR here.

Related:
Supply, demand, extinction (Apple / Spotify)
Rhino Bonds
Shooting Bambi to Save Mother Nature

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

February 20, 2024
|
By:
  • Juliana Kim,
  • Darian Woods,
  • and 2 more
<em>The Bachelor</em> producers Jason Ehrlich, Claire Freeland and Bennett Graebner answered questions at the TV Critics Association's winter press tour.

Tagged as: 

  • Television

I asked about race on reality shows at the TV critics press tour. It didn't go well

What's ahead for the TV industry in 2024? Original series are down 14% but it still feels like too much TV. Executives and streaming services are feeling the squeeze post strikes. Race issues persist.

February 20, 2024
|
By:
  • Eric Deggans
A Home Depot logo sign hands on its facade, Friday, May 14, 2021, in North Miami, Fla. Home Depot reports their financial earnings on Tuesday, Feb. 21, 2023.

Tagged as: 

  • Business

Home Depot's strong fourth quarter overshadowed by weakening sales and expectations for 2024

Home Depot's sales continued to weaken in its fiscal fourth quarter, as the country's largest home improvement retailer deals with Americans who remain concerned about high mortgage rates and inflation. While its quarterly results topped analysts' expectations, it provided a soft sales forecast for fiscal 2024. Shares slipped before the market open on Tuesday.

February 20, 2024
|
By:
  • Associated Press
The logo for Capital One Financial is displayed above a trading post on the floor of the New York Stock Exchange, July 30, 2019. Capital One Financial is buying Discover Financial Services for $35 billion, in a deal that would bring together two of the nation's biggest lenders and credit card issuers, according to a news release issued by the companies Monday, Feb. 19, 2024.

Tagged as: 

  • Business

Capital One is acquiring Discover in a deal worth $35 billion

The companies are teaming up, in part, to expand their payment network. Discover is the smallest of the four U.S.-based payment networks, which also include Visa, American Express and Mastercard.

February 19, 2024
|
By:
  • Ayana Archie
Mark Cuban's Cost Plus Drugs online pharmacy is adding the oral contraceptive Yaz from Bayer to its list of discounted medicines.

Tagged as: 

  • Health

Bayer makes a deal on popular contraceptive with Mark Cuban's online pharmacy

Bayer is adding two of its name-brand drugs to the roster of Cost Plus Drugs: the birth control pill Yaz and the menopause treatment Climara.

February 19, 2024
|
By:
  • Sydney Lupkin
About 4.6 million adults in the U.S. have a peanut allergy, according to a study published by the <em>Journal of Allergy and Clinical Immunology</em> in 2021.

Tagged as: 

  • Health

FDA approves a drug to treat severe food allergies, including milk, eggs and nuts

Xolair is considered the first medication approved by the FDA that can help protect against severe allergic reactions brought on by accidental exposure to certain foods.

February 19, 2024
|
By:
  • Juliana Kim
Boosted by a powerful jet stream over the Washington, D.C., area on Saturday night, a Virgin Atlantic Boeing 787 passenger flight arrived at London's Heathrow Airport 45 minutes ahead of schedule. A similar aircraft is seen in 2017, at Seattle-Tacoma International Airport.

Tagged as: 

  • National

Near-record winds over the Northeast push passenger planes to speeds over 800 mph

A couple of planes got a big push from a jet stream with winds clocking 265 mph at cruising altitude this weekend, the National Weather Service said.

February 19, 2024
|
By:
  • Emma Bowman
Wind turbines are visible from the highway in Atlantic City, New Jersey. The state and the country are betting big  on offshore wind power as a means to combat climate change.

Tagged as: 

  • Climate

A Second Wind For Wind Power?

About two years ago, New Jersey's Democratic Governor Phil Murphy said that the state would be partnering with the Danish company Orsted, the largest developer of offshore wind projects in the world.

The company had agreed to build Ocean Wind 1, the state's first offshore wind farm, powering half a million homes and creating thousands of jobs in the process.

The following year, Orsted inked another deal with the state for Ocean Wind 2, a second offshore wind farm with similar capacity. After years of review, the projects were approved in summer 2023. Construction of the first turbines was slated to begin in the fall.

And then Orsted backed out, cancelling the contracts full stop.

Despite the setbacks, Murphy is still all-in on wind. A month after Orsted dropped out, Murphy directed the state's Board of Public Utilities to seek new bids from offshore wind developers. And the state just approved two new offshore wind contracts.

After several setbacks, could this mean a second wind for offshore wind?

For sponsor-free episodes of Consider This, sign up for Consider This+ via Apple Podcasts or at plus.npr.org.

Email us at considerthis@npr.org.

February 18, 2024
|
By:
  • GPB Newsroom
A man polishes an Atto 3 car from Chinese car maker BYD at the International Motor Show (IAA) in Munich, Germany, on Sept. 4, 2023. The car has gained in popularity among Europeans.

Tagged as: 

  • Business

Chinese electric carmakers are taking on Europeans on their own turf — and succeeding

Chinese automakers are winning over European consumers as part of a big push to enter markets abroad. Their success has sparked alarm among rival companies and lawmakers.

February 18, 2024
|
By:
  • H.J. Mai
Health authorities have advised to avoid eating raw cheddar cheese, both in the shredded and block form, as well as in the original and jalapeño flavor, from the brand Raw Farm.

Tagged as: 

  • Health

The CDC investigates a multistate E. coli outbreak linked to raw cheddar cheese

Health officials reported 10 cases of E. coli infection, adding that the number of people sick is likely "much higher." Those cases were from California, Colorado, Texas and Utah.

February 17, 2024
|
By:
  • Juliana Kim
In this file photo, workers assemble Ford trucks at the Ford Kentucky Truck Plant on Oct. 27, 2017, in Louisville, Ky.

Tagged as: 

  • National

Autoworkers threaten to strike again at Ford's huge Kentucky truck plant

The United Auto Workers union said Friday that nearly 9,000 workers at the Kentucky Truck Plant in Louisville will strike on Feb. 23 if a local contract dispute is not resolved.

February 17, 2024
|
By:
  • GPB Newsroom

Tagged as: 

  • Economy

Chocolate, Lyft's typo and India's election bonds

It's Indicators of the Week — our weekly look under the hood of our global economy. Today we look at why cocoa prices are soaring, whether India's electoral bonds are bad for democracy and how a typo sent Lyft shares (briefly) soaring.

Related:
Cocoa prices hit a 47-year high before Valentine's Day
Can India become the next high-tech hub? (Apple / Spotify)
Lyft going public: The dual-class share dilemma
Big donors and pay-to-play politics

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.

Music by
Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

February 16, 2024
|
By:
  • Darian Woods,
  • Adrian Ma,
  • and 3 more
The cargo ship Genco Picardy was hit by a low-grade missile in the Gulf of Aden in January. In recent months, the Houthis, a tribal militant group from Yemen, have launched attacks on ships in response, they say, to Israel's war in Gaza.

Tagged as: 

  • Economy

How the Navy came to protect cargo ships

The Genco Picardy is not an American ship. It doesn't pay U.S. taxes, none of its crew are U.S. nationals, and when it sailed through the Red Sea last month, it wasn't carrying cargo to or from an American port.

But when the Houthis, a tribal militant group from Yemen, attacked the ship, the crew called the U.S. Navy. That same day, the Navy fired missiles at Houthi sites.

On today's show: How did protecting the safe passage of other countries' ships in the Red Sea become a job for the U.S. military? It goes back to an idea called Freedom of the Seas, an idea that started out as an abstract pipe dream when it was coined in the early 1600s – but has become a pillar of the global economy.

This episode was hosted by Alex Mayyasi and Nick Fountain. It was produced by Sam Yellowhorse Kesler, edited by Molly Messick, fact-checked by Sierra Juarez, and engineered by Valentina Rodríguez Sánchez, with help from Maggie Luthar. Alex Goldmark is Planet Money's executive producer.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

February 16, 2024
|
By:
  • Alex Mayyasi,
  • Nick Fountain,
  • and 2 more
  • Load More

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