Jul 21, 2008
Marketplace for Monday, July 21, 2008
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Swiss pharmaceutical giant Roche says it wants to buy California-based Genentech, maker of three of the best-selling cancer drugs in America. But Genentech's not going to come as cheap as Roche is hoping -- if the deal goes down at all. Janet Babin reports.
Sara Lee, Tyson, Kraft and other name-brand food companies are hiking prices on everyday products from cheese to cold cuts. Jeff Tyler reports on how this will hit Americans in the gut.
With Americans reeling from skyrocketing gas prices, the last thing Congress wants to do is raise the gas tax. But as Jeremy Hobson reports, lawmakers are facing that very unpopular decision.
Leaders on Capitol Hill are set to debate and vote later this week on the Bush administration's bailout plan for Fannie Mae and Freddie Mac. Marketplace's John Dimsdale's discusses with Kai Ryssdal how the politics may play out.
Not too long ago yarn shops were popping up in fashionable neighborhoods. But the fad has passed. Those still minding their knitting are buying most of their wares online, and that has some stores spinning a sad tale. Carolyn Adolph reports.
About $21 billion was spent on online advertising last year. Almost half went to search engines, with Google getting the lion's share. But commentator and economist Ian Ayres says you, too, may be able to get in on the action.
Lawmakers are still dining out and jetting off on trips they don't pay for themselves --and taking friends and lobbyists with them. They get the money by setting up something called a "leadership political action committee." Steve Henn reports.