Today, one of the biggest drug companies in the world announced changes to its marketing practices. GlaxoSmithKline says the idea is to be more transparent about how it sells its drugs. Among the changes, the company will stop paying doctors to tout its products to other doctors.
As NPR's Yuki Noguchi reports, the public interest community says this is a step in the right direction for an industry that's faced many legal problems.
If you want to understand the tension between tech workers in San Francisco, who often make six figures, and many of the city's other residents, try standing on the southwest corner of 24th Street and Valencia around 7:30 on a weekday morning.
Although most of the housing indicators have been looking up recently, there are still about 6.4 million homes with "underwater" mortgages, in which the homeowner owes the bank more than the house is worth.
According to the CoreLogic Equity Report, "nearly 6.4 million homes, or 13 percent of all residential properties with a mortgage, were still in negative equity at the end of the third quarter."
Originally published on Tue December 17, 2013 5:51 pm
President Obama just wrapped up a meeting with high-tech luminaries at the White House, focusing on an agenda of how to clean up HealthCare.gov, and how to stop the snooping by the National Security Agency from continuing to cast a pall over high-tech profits.
The group has a lot to discuss. On Monday, a federal judge ruled that the NSA's collection of millions of telephone records may be unconstitutional.
I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, we'll talk about holiday parties - specifically, how to handle your business, whether you are with family, friends or colleagues; and equally important, how to handle people who might not know how to handle their own business. That's in just a few minutes.
Six states will soon be chosen as commercial drone test sites. So major companies like Amazon say they're hoping to use drones to ship products. But first, the Federal Aviation Administration has to figure out how to fly them safely in civilian airspace. Nevada is one of the states that wants to give commercial drones a try, as Will Stone from member station KUNR reports.
For 160 years, the pianos made by Steinway & Sons have been considered the finest in the world. So when hedge fund billionaire John Paulson recently bought the company, it struck fear in the hearts of musicians: Would the famously handcrafted pianos be changed, for the sake of efficiency? Paulson, who owns several Steinways himself, says nothing will change.
NPR's business news starts with new rules for Glaxo.
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WERTHEIMER: The head of British - the British drug maker GlaxoSmithKline, told The New York Times yesterday that the company will stop paying doctors to promote its drugs. Pharmaceutical firms commonly pay physicians to speak at medical conferences - a practice criticized as a conflict of interest.