Business

5:50pm

Wed November 7, 2012
U.S.

Frustrated Long Island Braces For New Power Outages

Originally published on Wed November 7, 2012 8:49 pm

Patty Manfredonia, president of a volunteer ambulance company in Sayville, N.Y., has been collecting blankets for Long Island residents without power. A new storm Wednesday is already causing new outages.
Steve Henn NPR

Normally, the nor'easter bearing down on the Northeast on Wednesday wouldn't be a tremendous cause for concern. But the storm, delivering snow, sleet and wind gusts of up to 60 miles per hour, is expected to hit parts of Long Island and New Jersey still reeling from Hurricane Sandy.

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5:02pm

Wed November 7, 2012
Shots - Health News

New Pill For Rheumatoid Arthritis Gets FDA Nod

A bottle like this one containing Xeljanz, a new arthritis drug from Pfizer, would cost more than $2,000 wholesale.
Pfizer

In the Election Day scramble you might have missed that Pfizer got a new drug approved for rheumatoid arthritis.

Pfizer expects the twice-a-day pill called Xeljanz will be available in pharmacies later this month.

The drug won't come cheap. The wholesale price will run about $2,000 for a month's supply, the company says.

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2:15pm

Wed November 7, 2012
Planet Money

Ask A Banker: High Frequency Trading

Originally published on Sun November 11, 2012 1:58 pm

Not just an empty suit.
Paul Goyette Flickr

Hi! I'm back. I was once a banker and now I write for Dealbreaker and answer your questions about the financial world here. You can send questions to planetmoney@npr.org with "ask a banker" in the subject line, or ask on Twitter (@planetmoney).

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1:37pm

Wed November 7, 2012
The Salt

Meet 4 African Women Who Are Changing The Face Of Coffee

Originally published on Thu November 15, 2012 3:39 pm

Fatima Aziz Faraji is one of four women who is at the forefront of empowering women in the coffee sector.
Karen Castillo Farfán NPR

If you're a coffee drinker, chances are the cup of java you drank this morning was made from beans that were produced or harvested by women. Women's handprints can be found at every point in coffee production.

In fact, on family-owned coffee farms in Africa, about 70 percent of maintenance and harvesting work is done by women, according to an analysis by the International Trade Centre, but only rarely do women own the land or have financial control.

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11:16am

Wed November 7, 2012
The Two-Way

Stocks Fall On 'Fiscal Cliff' Fears

Originally published on Wed November 7, 2012 4:02 pm

On the floor of the New York Stock Exchange this morning.
Allison Joyce Getty Images

On the day after voters returned President Obama to the White House and kept Democrats in control of the Senate and Republicans in control of the House:

"Investors pulled back sharply ... [amid] rising worries about the upcoming fiscal fight in Congress," The Wall Street Journal writes.

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11:04am

Wed November 7, 2012
The Salt

California Rejects Labeling Of Genetically Modified Food; Supporters Vow To Fight On

Originally published on Wed November 7, 2012 1:14 pm

Supporters of genetically modified food labeling rally last month at Los Angeles City Hall.
cheeseslave Flickr.com

What a difference $46 million in TV ad spending can make.

At least that was the consensus in the wee hours of the morning at the Yes on Proposition 37 party, held at a performance art space in San Francisco's Mission District, even before the final votes were tallied.

Outspent many times over, "we couldn't get up on the air," organizer Stacy Malkan told The Salt when it appeared the measure was going down. "You need a certain saturation to have an impact."

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5:50am

Wed November 7, 2012
Business

Media Companies Benefit From Political Ads Binge

Originally published on Wed November 7, 2012 10:31 am

Media companies are counting themselves among the winners in the 2012 election. SuperPAC spending on political ads will push the total amount spent past 2008 totals. The biggest beneficiaries are the usual suspects: Comcast, Disney, NewsCorp and CBS, but also locally owned TV and radio stations — especially those in swing states like Ohio and Florida.

5:50am

Wed November 7, 2012
Economy

Economy Looms Large Over Obama's 2nd Term

Originally published on Wed November 7, 2012 10:31 am

Transcript

STEVE INSKEEP, HOST:

NPR's business news starts with a dive on Wall Street. Just this minute, the Dow Jones Industrial Average is down about 317 points. It's considered the worst drop of the year, so far. We're a little bit before noon in New York City. What's going on? We're going to try to find out. We're joined now by DavidWessel, economics editor of The Wall Street Journal. And David, as best you can determine, what's driving the drop?

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5:50am

Wed November 7, 2012
Business

The Last Word In Business

Originally published on Wed November 7, 2012 10:31 am

More than an hour before taking the stage to formally announce his re-election, @Barack Obama tweeted his victory. He wrote, "This happened because of you." Obama was one of millions of people who tweeted on Election Day. Traffic on the social networking site peaked at 11:19 p.m. Tuesday when the TV networks called the race.

5:50am

Wed November 7, 2012
Economy

Obama Pledges To Complete Economic Recovery

Originally published on Wed November 7, 2012 10:31 am

Transcript

RENEE MONTAGNE, HOST:

The economy has been a central issue in this presidential election, but it has been improving little by little. In the end, President Obama handily rolled to reelection, pledging, last night, to complete the country's recovery. For more, we turn to economic correspondent John Ydstie. Good morning.

JOHN YDSTIE, BYLINE: Hi, Renee.

MONTAGNE: Now, the weak economy was what Republicans hoped would unseat the president and that did not happen. What are the reasons for that?

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