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Marketplace for Tuesday May 6, 2014
May 6, 2014

Marketplace for Tuesday May 6, 2014

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TV weathermen are the most common contact most Americans have with meteorology and climate, but the consensus on climate change is significantly lower than among them than climate scientists. What is it about the TV meterologist industry? Plus, Bayer has acquired Merck’s over-the-counter consumer pharmaceutical business, and is focusing on developing new drugs. We look at the difference between these two businesses: OTC and Rx, and the advantages of being on one, rather than the other (or even both). Finally, former PayPal Executive Rakesh Agrawal sent a Twitter message to a friend that criticized a colleague. It went out to 11,000 people.  He then sent a series of Tweets threatening to share embarrassing content from the communications of corporate colleagues who didn’t support him. Now, Twitter is trying to bring the situation under control.

Segments From this episode

Hospitals save money by doing surgery for free

May 6, 2014
Some hospitals have come up with a counterintuitive way to save money: offer minor surgery for free.

Brazil is not ready to host FIFA

May 6, 2014
Brazil's about to host the World Cup and the Olympics...and they're not ready.

And the markets breathed again...

May 6, 2014
Marketplace Datebook for Wednesday, May 7, 2014

An ex-PayPal executive airs grievances (very) publicly

May 6, 2014
What can companies do when an unhappy employee says bad things about them online?
A former PayPal executive went rouge on Twitter.
Twitter Screenshot

Tweets from Rakesh Agrawal, but with Getty Images

May 6, 2014
If the Rakesh Agrawal Twitter soap opera had pictures.

Shelf vs. Script: Why Merck's offloading allergy pills

May 6, 2014
Turns out prescription drugs and over-the-counter drugs are two very different businesses.

What happens years after a foreclosure

May 6, 2014
Some states have been shortening the time banks have to claw back what’s still owed after a foreclosure.

Nasty Gal CEO Sophia Amoruso stopped dumpster diving

May 6, 2014
“I thought I was destined to smash capitalism,” she says.

What do meteorologists think about climate change?

May 6, 2014
Many Americans get their weather and climate information from TV weather casters.

TV weathermen are the most common contact most Americans have with meteorology and climate, but the consensus on climate change is significantly lower than among them than climate scientists. What is it about the TV meterologist industry? Plus, Bayer has acquired Merck’s over-the-counter consumer pharmaceutical business, and is focusing on developing new drugs. We look at the difference between these two businesses: OTC and Rx, and the advantages of being on one, rather than the other (or even both). Finally, former PayPal Executive Rakesh Agrawal sent a Twitter message to a friend that criticized a colleague. It went out to 11,000 people.  He then sent a series of Tweets threatening to share embarrassing content from the communications of corporate colleagues who didn’t support him. Now, Twitter is trying to bring the situation under control.

Music from the episode

California DJ Quik Featuring AMG