The Cystic Fibrosis Foundation announced Wednesday they’ve sold royalty rights to a powerful new drug it funded and helped develop. The payout, $3.3 billion, is 20 times last year’s budget for the organization, and it dwarfs the money the nonprofit originally gave toward the development of the drug. More on that. And the Carnival Corporation, which owns Carnival and Princess Cruise lines among others, is starting a new social media campaign next week to drum up business from people who’ve never taken a cruise before. Now, there’s an online ad contest, a Twitter campaign, and more designed to change the conversation from norovirus outbreaks on ships or ships that sink. Plus, the government says the cost of raising a child to age 18 in America is up 2 percent to $245,000 this year. What that statistic leaves out, however, is what happens if that child asks for a pony for a birthday or the holidays. This week, we’re collaborating with the New York Times on on something called “A Guide to Buying Just About Anything.”
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.