Marketplace for Thursday, December 12, 2013
The budget deal getting a vote in the House essentially undoes sequester cuts set for the current fiscal year. We take stock of what was gained and lost in the sequester experiment, but also look ahead to the remaining eight years of automatic cuts that are still part of the law. Plus, as the FDA tries to curb antibiotic use on the farms, we look at the economics of feeding antibiotics to livestock and poultry: How many extra pounds of pork does it produce, and how big is that animal-husbandry antibiotic market? Finally, Instagram users have a new way to share their photos privately and have text conversations.