Feb 1, 2017

02/01/17: An unlikely alliance

BRENDAN SMIALOWSKI/AFP/Getty Images

Trump has called drug prices "astronomical," which may be a point of unity between the president and Democrats. Next, we'll report on how tech companies could be expanding their operations overseas in response to Trump's immigration ban, and then look at Wal-Mart's decision to end its membership program — a move aimed at competing with Amazon Prime.

Segments From this episode

Trump tells big pharma to cut their 'astronomical' drug prices

by David Brancaccio

Feb 1, 2017

Will drug companies agree to the president's proposal?

President Donald Trump meets with representatives from PhRMA, the Pharmaceutical Research and Manufacturers of America, on Tuesday.

Ron Sachs - Pool/Getty Images

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Wal-Mart changes tactics to compete with Amazon Prime

by Adam Allington

Feb 1, 2017

After launching less than a year ago, Wal-Mart is ending ShippingPass, a membership program meant to compete with Amazon Prime. In its place, Wal-Mart will now offer two-day free shipping on purchases over $35. But the company will have a lot of ground to make up as Amazon branches out into markets beyond retail. Click […]

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Tech companies may start expanding overseas

by Nancy Marshall-Genzer

Feb 1, 2017

Companies could react to travel bans by expanding abroad. To get around any existing or future travel bans, tech firms are considering opening overseas branches, rather than scaling up in the U.S. Click the above audio player to hear the full story. Stories You Might Like 01/30/2017: Lawyers mobilize in response to Trump immigration ban […]

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Default rates highlight growing student loan crisis

by Amy Scott

Feb 1, 2017

Those with small debts and no degree still find it hard to pay what they owe.

Nearly 40 percent of student loan borrowers are either in default or more than 90 days past-due on their payments, according to a new report from the think tank Demos.

Josh Mazgelis/Flickr

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Goldman Sachs pulls out of Las Vegas stadium deal with Raiders

by Reema Khrais

Feb 1, 2017

The Oakland Raiders’ plan to move to Las Vegas is falling apart. First, casino mogul Sheldon Adelson said he would no longer help finance the $1.9 billion relocation. Then, Wall Street powerhouse Goldman Sachs backed out. Sports business experts explain how locking down money for team relocations can be tricky. Click the above audio player […]

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Mid-day Update

02/01/17: Don't forget about Janet Yellen

by David Brancaccio

Feb 1, 2017

Hidden under all of the political news, the Fed is meeting today. Susan Schmidt, senior vice president at Westwood Holdings Group, looks at what Yellen and co. have in store for 2017 Afterwards, we'll look at where President Trump's Supreme Court nominee, Neil Gorsuch, stands on corporations. And finally, we'll explore the growing student loan crisis: a recent study reveals that those who struggle with loan debt may end up owing less than you realized.

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Trump has called drug prices “astronomical,” which may be a point of unity between the president and Democrats. Next, we’ll report on how tech companies could be expanding their operations overseas in response to Trump’s immigration ban, and then look at Wal-Mart’s decision to end its membership program — a move aimed at competing with Amazon Prime.