New research from the Federal Reserve Bank of Cleveland finds that earning a college degree can still help you keep a job and get higher wages, but it’s less of an advantage than it used to be. The unemployment gap between college graduates and those with just a high school diploma is narrowing. Also: a handful of stocks driving economic growth, a potential trade agreement between the U.S. and Taiwan, and life as a 67-year-old retiree.
--------
7:45
--------
7:45
Slimmed down Medicare prices for diabetes and obesity drugs
Medicare will get a 71% discount off the list price of Ozempic and Wegovy starting in 2027. That will bring the monthly costs of those drugs down from nearly $1,000 to $274. The Centers for Medicare and Medicaid Services also announced price reductions for 14 other drugs. We'll hear more. Plus, can a market economy that uses fake cash help food banks get the food donations they want?
--------
6:40
--------
6:40
Alibaba, cloud growth, and the AI frenzy
From the BBC World Service: Shares in Alibaba rose after the Chinese e-commerce company reported a 34% increase in revenue for its cloud computing division, as well as triple-digit increases in sales for its AI-related products. Then, in energy news, Iranian authorities plan to scrap generous subsidies for gas, and refiners in India rush to secure Russian oil imports ahead of a U.S. deadline. Plus, more international students turn to Bulgaria to complete their medical degrees.
--------
7:18
--------
7:18
Retiring just on Social Security
If not for Social Security, more than 37% of older adults would live below the official poverty line, according to the Center on Budget and Policy Priorities. But even with Social Security benefits, about 10% of older adults still live in poverty. Today, we hear from one North Carolinian living at that economic line. Also: a Consumer Financial Protection Bureau "humility pledge" and parsing today's (vintage) government economic reports.
--------
6:40
--------
6:40
Talkin' turkey (inflation)
Are the food prices for dishes on your Thanksgiving table going up, down, or staying the same? Well, it all depends on what's on the menu this year. Today, we'll discuss holiday food prices and the dueling narratives around how they’ll hit your budget. Plus, even people who haven't historically relied on tax credits for health insurance are seeing their premiums for ACA coverage go up next year. Why?
In less than 10 minutes, we'll get you up to speed on all the news you missed overnight. Throughout the morning, Marketplace's David Brancaccio will bring you the latest business and economic stories you need to know to start your day. And before U.S. markets open, you'll get a global markets update from the BBC World Service in London.
Österreich