Marketplace Morning Report for Tuesday August 26, 2014
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First up, more on news that the World Health Organization has increased by six fold the amount of money it needs from world governments to fight the Ebola virus in Africa. Plus, nine years ago this morning, a big storm was creeping west across the Gulf, after smashing through Florida. Its name: Katrina. Since then, we've not had a gargantuan hurricane (if you define Sandy as a superstorm, not a hurricane, and you regard Irene in 2011 as awful but not gargantuan). So where does this leaves the insurance industry? Elsewhere, volcanic rumblings in Iceland have raised fears of a major threat to air travel across Europe. Four years ago an Icelandic eruption grounded thousands of flights, costing several billion dollars. But there are reasons to believe history isn't about to repeat itself.
Burger King takes over, Pfizer's inversion, and insuring the "sharing economy."