Marketplace Morning Report for Tuesday, November 19, 2013
For a time, drugs losing their patent protection and getting cheaper cut into medicine sales around the world. But according to a new forecast from the IMS Institute for Healthcare Informatics, spending on medicines will for the first time top a trillion dollars next year -- and it's the growing middle class overseas. Best Buy has a profit report on the way this morning. About a year ago, business reporters beginning to craft obituaries, as the company seemed headed the way of Circuit City. But Best Buy stock has soared this year. And, one of the great emotional and logistical challenges for baby boomers -- caring for parents at a distance: There are the costs of travel and time missed from work. Then there's the worry and guilt when you can't be there for sick parents.
For a time, drugs losing their patent protection and getting cheaper cut into medicine sales around the world. But according to a new forecast from the IMS Institute for Healthcare Informatics, spending on medicines will for the first time top a trillion dollars next year — and it’s the growing middle class overseas. Best Buy has a profit report on the way this morning. About a year ago, business reporters beginning to craft obituaries, as the company seemed headed the way of Circuit City. But Best Buy stock has soared this year. And, one of the great emotional and logistical challenges for baby boomers — caring for parents at a distance: There are the costs of travel and time missed from work. Then there’s the worry and guilt when you can’t be there for sick parents.
