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Marketplace Morning Report

Cashing in on e-scooter excitement

Jul 16, 2019

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Marketplace Morning Report
By The Numbers

An egg-cellent shortage of eggs

Tobin Low May 21, 2015
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$12.7 billion

That’s how much CVS Health Corp will reportedly pay to acquire Omnicare Inc, a pharmaceuticals provider. As Bloomberg reports, pharmaceutical companies are looking for ways to consolidate to take full advantage of the rising demand for pharmacy services.

87 percent

That’s the percentage of afflicted chickens in the recent avian flu outbreak that are egg-laying hens, according to the New York TimesAnd that potentially means big business for a company like Hampton Creek, which sells an egg substitute product. The chief executive of Hampton Creek says eight companies, including General Mills, have been in contact about purchasing supplies. It seems that without planning for the inevitable shortage of the real stuff, these companies might really lay an egg.

5 percent

That’s how much sales for Old Navy increased last fiscal year. In an effort to shed its reputation as a store for cheap basics, Old Navy hired Stefan Larsson, who helped oversee H&M’s expansion stateside. And the numbers show the style makeover has worked. That’s good news for parent company Gap Inc., but leaves its sister franchise, The Gap, with an identity crisis—The Gap saw sales fall 5 percent in the same amount of time. 

60

That’s how old Disney will turn this summer. We take a look at how the economic ecosystem of the company works—from parlaying the success of films into merchandising, as well as attractions in one of many theme parks. Frozen, for example, was released two years ago, and the company is still reaping the benefits—its recent second quarter earnings report showed stronger-than-expected numbers.

$100 million

That’s how much the city of Baltimore was given 20 years ago as part of a program called The Empowerment Zone. Delivered in the form of a block grant and a package of tax credits for businesses and employers, the award went to six cities, with some wiggle room for each to choose how the money could be used. Baltimore chose to focus on job creation in its poorest neighborhoods. Marketplace’s Noel King recently took a trip to Baltimore to answer the question: How many jobs does $100 million get you?

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