Marketplace Morning Report for Monday, April 2, 2012

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Episode Description 
Mayor of Chicago and former White House chief of staff Rahm Emanuel speaks about health care reform, inspiration from other mayors, and parking meters. The nation's largest manager of pharmacy benefit plans is getting even bigger as Express Scripts expects to finalize its merger with Medco this week. As Myanmar takes steps in the direction of democracy after decades of strict rule, big economic changes are also in store for the country. Right now, the Food and Drug Administration has very little power to police the cosmetics and personal care products industry.  But three separate bills in Congress could change that.

Lawmakers pushing to regulate cosmetics

Right now the Food and Drug Administration is all but powerless to regulate cosmetics. Bills in Congress could give the industry a facelift by banning ingredients linked to cancer and other disorders.
Posted In: beauty, makeup, FDA

Major pharmacy chains expected to merge this week

Express Scripts is looking to close a deal to takeover Medco Health Solutions this week. The combined companies will handle the prescription drugs of 135 million Americans. What effect will that have on pharmacy drug prices?
Posted In: pharmaceuticals, Medco, Express Scripts, prescription

Rahm Emanuel on Chicago, U.S. economy

The mayor of Chicago is planning a complete makeover for his city, including a new runway at O'Hare Airport, upgrades to rail and bus service, and a rebuilding of the city's water and sewer system.
Posted In: Chicago, Rahm Emanuel, mayor, politics

As politics shift in Myanmar, so do economics

Myanmar's foreign minister announced that historic elections in the country have gone smoothly, including apparent victories by pro-Democracy candidates. Also this morning, Myanmar's central bank floated the country's currency for the first time.
Posted In: Myanmar, currency

The taxpayers most likely to get audited

With just 15 days left before taxes are due this year, are you more likely to get audited than your neighbor or co-worker?
Posted In: Taxes, audit

U.K. considers broad national surveillance plan

Many British citizens are used to being watched via camera by the government, but now a new plan to monitor all phone calls, emails and web traffic to keep up with hackers and other criminals is causing privacy advocates to stir.
Posted In: Britain, U.K., privacy

Visa cardholders hit by data breach, blackout

Visa has dropped card processor Global Payments after a big data breach on Friday. It compromised the credit card information of more than a million cardholders.
Posted In: visa, data, computer security

Is this the beginning of merger season?

The beauty and fragrance company Coty went public with its offer to buy rival Avon for about $10 billion -- that's an offer Avon so far has rejected. And Express Scripts and Medco -- two companies that process prescriptions at the drug store -- have gotten federal approval for their merger.
Posted In: Mergers and Acquisitions, mergers, avon

Avon rejects $10 billion takeover offer by Coty

Coty is world's biggest perfume maker, making scents for the likes of Calvin Klein and Stetson. In a statement, Avon said it wants nothing to do with the offer.
Posted In: avon, coty, perfume, Mergers and Acquisitions

Avon hopes to rebound without help of Coty

The door-to-door make up company Avon got a buyout offer this morning from Coty for $10 billion. Coty is world's biggest perfume maker. It makes perfume for the likes of Calvin Klein and Stetson. In a statement, Avon said it wants nothing to do with the offer.
Posted In: avon, Mergers and Acquisitions

PODCAST: Avon turns down Coty, Rahm Emanuel spruces up Chicago

Mayor of Chicago and former White House chief of staff Rahm Emanuel speaks about health care reform, inspiration from other mayors, and parking meters. The nation's largest manager of pharmacy benefit plans is getting even bigger as Express Scripts expects to finalize its merger with Medco this week. As Myanmar takes steps in the direction of democracy after decades of strict rule, big economic changes are also in store for the country. Right now, the Food and Drug Administration has very little power to police the cosmetics and personal care products industry. But three separate bills in Congress could change that.

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