Can a new CEO help turn things around? It’s a rocky time for regional theme parks that aren’t major travel destinations, as they compete for visitors and their discretionary income. Six Flags is hoping new CEO John Reilly, a veteran theme park operator, will help boost ticket sales and revenue. Plus, the future of the CDFI fund and community lender support remains uncertain, and we hear how Social Security offers a lifeline to some grandparents raising grandkids.
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7:12
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7:12
A tax-raising budget for the U.K.
From the BBC World Service: The U.K. government's economic outlook response document was accidentally published a half hour early on Wednesday, before Finance Minister Rachel Reeves began her 2025 budget speech. Reeves set out a string of tax hikes, which will bring the country's tax take to an all-time high of 38% of GDP in the coming years. Plus, we take a look at why U.S. investors have soccer in their sights.
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6:53
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6:53
A tricky time to be a recent college grad
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.
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7:45
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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?
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6:40
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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.
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.
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