Marketplace Morning Report for Thursday, September 26, 2013
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A conference today in London is taking on the growing problem of counterfeit medicine. Millions of lives are put at risk by knock off drugs, and it's a problem afflicting the U.S. and Europe, as well as the developing world. Nike comes out with its quarterly profits and losses later today, and expectations are high. The athletic clothes company, whose stock was just added to the Dow Jones Industrial Average, will show a 24 percent jump in earnings year-over-year, if forecasts are right. And, the government can do more with Big Data than just spy -- they can use it to save money, too. Case in point: San Antonio has an $8,000 garbage can that will pay for itself through saved fuel since trucks don't have to come by as often to empty it.
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The number of Americans seeking unemployment benefits fell to its lowest level last week since June 2007. Across-the-board budget cuts that would slash the number of ships in the Merchant Marine would end up costing the Navy -- perhaps billions of dollars. And, what to do about fake pharmaceuticals, a $75 billion global industry?
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